Luxury asset lender Suros Capital has revealed details of a recent transaction in which a property developer secured £100,000 in just five hours to complete a residential renovation project.
The client had approached his adviser in urgent need of funds but found that traditional short-term lending routes could not deliver within the required timeframe. With a significant holding of gold bullion, the adviser referred the case to Suros Capital, which specialises in lending against high-value personal assets.
Suros Capital swiftly assessed and valued the bullion, enabling it to advance the full sum required on the same day. The capital injection allowed the developer to complete the renovation work on time, with the intended exit being a sale within three to four months.
Over the past decade, gold has outperformed many conventional markets, rising by approximately 180%, compared with gains of 64% in the FTSE 100 and 167% in the S&P 500.
Ray Palmer (pictured), director at Suros Capital, said the case demonstrates how luxury asset lending can offer effective solutions when timing is critical and traditional bridging finance is too slow to meet demand.
“I would urge every adviser to make sure they don’t ignore the benefits that clients who own luxury assets, such as gold, can call on when they need short term finance,” he said. “This client who owned gold bullion was able to realise significant funding almost immediately.”
Suros Capital positions itself as an alternative to conventional lending, offering short-term finance secured against a wide range of luxury assets, including fine art, classic cars, jewellery and precious metals.
