NEW YORK — The alternative finance market is a dynamic and rapidly evolving industry that is changing the way individuals and businesses access funding and invest their money. With the global alternative finance market valued at $173.9 billion in 2022, and projected to reach $920.9 billion by 2032 it is no surprise luxury asset financing has become a booming industry. As prices for luxury goods climb, Business Owners, CEO’s, and high-net-worth individuals are looking to fund new ventures without having to sell their prized possessions.
Dewey Burke is the Founder and Chief Executive Officer of Luxury Asset Capital, a leader in the alternative finance segment that provides loans using borrowers’ luxury assets as collateral. Under his leadership, the company acquired its two largest competitors, Borro (January 2019) and Beverly Hills and New York Loan Company (December 2021). Their brands have loaned over one billion dollars to tens of thousands of clients across the country, making Luxury Asset Capital the nation’s largest privately-held provider of non-bank loans that use borrowers’ luxury assets as collateral.
