A specialist lending company providing short-term loans secured against luxury assets.
Launched in 2020, Suros Capital are part of a group that has lent over £150 million against luxury assets since 2010. Their new range of short-term loans are ideal for clients with liquidity challenges who need to raise funds quickly. The team can provide funds in as little as 1-3 days from application and are renowned for their flexible and highly personal service standards. They have a great reputation for delivering unique, tailored solutions.
Funded by institutional alternative asset managers Crestline Investors, Suros Capital offer bridging, sale advance and auction acquisition loans against a diverse range of assets. Acceptable security can come in the shape of luxury and classic cars, fine art, watches, jewellery and diamonds, fine wine, antiques, gold and much more besides. Competitive interest rates are offered on loans that offer a very real and effective alternative to property-based bridging with, of course, no impact on affordability.
The process at Suros Capital is simple. Clients need to complete a short online enquiry form. The team will then respond within the hour and look to have indicative terms out on the same day. Thereafter, clients are contacted by an allocated account manager to discuss their requirements and to arrange an appraisal of the security asset(s). Once completed the logistics team will arrange for security assets to be safely collected and taken into secure storage for the duration of the loan. Finally, once the loan agreement has been signed, funds are transferred to the borrower. Loans can be redeemed at any time and underpinning every stage of the process. Suros Capital adhere to the highest ethical standards and of course offer the utmost level of client discretion.
A business bridging loan is a type of commercial loan that allows you to borrow money quickly over a shorter period than a typical bank loan but usually at a somewhat higher rate.
A business bridging loan can be used for a huge variety of different purposes. Most commonly they are used for major purchases such as property, for new equipment and machinery as well as to acquire stock. They can also be used as working capital and by new businesses that require a cash flow injection.
A vast majority of businesses will use property or land as security when taking out a bridging loan. There are however a small number of specialist lenders that are prepared to secure bridging loans against equipment, the value of unpaid invoices and projected future sales or even against equity in the business.
As mentioned above they can be used for mixed use properties. To qualify for a business bridging loan the overall use of the property being used as collateral will need to be at least 40% commercial. For example, if the property is a rental unit with a flat above the commercial part of the property would have to represent more than 40% of the total property. Furthermore, most lenders would also insist on a separate entrance to the flat.