The Business of Collateralizing Luxury Goods

Dewey Burke, Luxury Asset Capital CEO, joins The Final Round highlighting the changes in the alternative lending space with high-net-worth individuals and the company’s business model.

20 Minutes With: Dewey Burke, Founder & CEO of Luxury Asset Capital

At a time when traditional lenders have become overwhelmed and bogged down with high volume and government programs, collectors with valuable luxury assets—watches, jewelry, gems, cars, and more—have an alternative borrowing outlet with collateral lending firms, such as Luxury Asset Capital.

Luxury Asset Capital Acquires and Relaunches Borro

Luxury Asset Capital, the Denver-based lender that secures financing against goods such as Ferraris and Rolexes, has announced this month that it has acquired Borro and will be relaunching LAC did not disclose the purchase price.

WatchBox And Luxury Asset Capital Let You Borrow Against Your Best Watch

WatchBox, the Philadelphia-based e-commerce platform for buying, selling, and trading pre-owned luxury watches has partnered with alternative financing specialist Luxury Asset Capital to offer fast cash to watch owners who wish to unlock the value of their collections rather than seek traditional lines of credit.

Luxury Asset Capital Announces Key Initiatives to Accelerate Growth

DENVER–(BUSINESS WIRE)–Luxury Asset Capital®, a leading provider of alternative financing, today announced several key initiatives to sustain its rapid growth rate, including strategic marketing and sales hires, opening a New York City office, and entering into a definitive agreement to purchase a competitor in the alternative financing market.