A property investor has secured a £125,000 loan to complete renovation works by leveraging his fine wine collection, after traditional funding channels were no longer available.

The client, who already had a bridging loan in place for the development, turned to Suros Capital after being introduced by a broker who had read about the lender’s specialist asset-backed lending services.

Suros Capital arranged the additional finance using the investor’s collection of rare fine wines as security.

The wines, stored in a bonded warehouse and drawn from renowned vineyards including Romanée-Conti, Pétrus and Clos de Tart Grand Cru Monopole, enabled Suros Capital to underwrite and release the funds within 72 hours.

Ray Palmer, director at Suros Capital, said: “Here was a client with existing bridging finance, who needed further funding to complete renovations on his properties.

“Clearly, he was unable to access any further funding via traditional bridging channels but making use of his wine collection as collateral, Suros Capital was able to provide the full £125,000 he needed.

“Thanks to his collection of fine wine, the client was able to finance the funds he required, secured against part of that wine collection.”

Suros Capital, which specialises in short-term finance secured against luxury assets, said the deal demonstrates how non-standard forms of security can help clients unlock liquidity where traditional lending routes have been exhausted.