Background
Marcus's classic Ferrari had appreciated substantially and represented a significant portion of his personal net worth. He needed capital to fund a business acquisition but was unwilling to part with a car he had owned for fifteen years.
Solution
We lent £1.1 million against the Ferrari — 65% of its specialist-appraised value of £1.7 million. The vehicle was stored in a climate-controlled facility and returned to Marcus in identical condition when the loan was redeemed eighteen months later.
Client comments
“Exactly the right solution. The car came back in perfect condition and the business acquisition went ahead without a hitch.”