Luxury Asset Capital Achieves over 500% Growth of Total New Loan Value and Average New Loan Size from Q1 2018 to Q1 2019.

DENVER–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/luxuryassetcapital?src=hash” target=”_blank”gt;#luxuryassetcapitallt;/agt;–Luxury
Asset Capital
®, leading provider of alternative financing, today
announced that its first quarter, 2019 key business metrics of total new
loan value and average new loan size have both increased over 500% in
comparison to its first quarter, 2018 results, reflecting significant
and steady growth of the company over the course of the first full year
of operation of its LuxExchange
and Luxury Asset Capital brands, combined with its legacy Pawngo
brand. The company also announced that investors have doubled its line
of credit from $50 to $100 million to support continued growth.

Among the drivers of this growth have been the addition of high-end,
free and clear real estate as an asset accepted for collateral, a 10x
increase in loans collateralized with luxury and exotic automobiles, the
successful launch of the Sports and Entertainment Group, and its
partnership with WatchBox,
the leading global platform for the buying, selling, and trading of
pre-owned luxury timepieces.

While an estimated 30 million Americans use collateralized financing as
a financial management strategy, Luxury Asset Capital is broadening the
clientele benefiting from collateralized financing. Its offerings target
the middle and upper-income segments as even those with substantial
incomes face situations where quickly and easily gaining access to
capital can realize opportunities or resolve problems as they arise. The
company’s $100 million line of credit enables it to provide immediate
capital infusions to customers in amounts from several thousand to
several million dollars.

The company’s attractive rates relative to other alternative finance
providers and the ability to provide capital in as little as one
business day, coupled with industry-standard-setting levels of
transparency, convenience, and service are making Luxury Asset Capital
an ongoing financial resource to its clients alongside their
accountants, banks, and financial advisors.

Luxury Asset Capital is redefining the collateralized lending market in
multiple ways, and our results clearly show it. Our revenues have soared
at a time when other major players have struggled or paused operations,
and 75 percent of our clients come back and finance with us again,” said
Dewey Burke, Founder and CEO of Luxury Asset Capital. “As the awareness
of the speed, simplicity, service and overall cost-effectiveness of our
offering continues to grow in the marketplace among both prospective
clients and potential partners, I expect our business results and
reputation will continue to set the pace among collateralized lenders
for years to come.”

ABOUT LUXURY ASSET CAPITAL

Luxury Asset Capital is a leader in the alternative financing market,
with over 12,000 loans funded since its inception. We are a private,
family-office owned lender to individuals and businesses in exchange for
luxury assets that are held as collateral, when traditional channels of
financing are either too slow, invasive, burdensome or, in some cases,
unavailable. We unlock the equity in a wide range of assets that are
high in value but low in liquidity and execute transactions from
thousands to millions of dollars in as little as one business day. www.luxuryassetcapital.com

Contacts

Media:
Bill Fallon | bfallon@keatingco.com
| +1 973 768 6764

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