Results 1 to 8 of 8
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10-15-2015, 07:42 PM #1
Trying to place $2M Collateral Loan against Loose Emeralds
US Borrower has ~$6M worth of emeralds (over 700 Carats), wants to borrow at least $2M against it. Yeah I know these deals are fairly hard to place. I have GIA reports, several appraisals, pictures. Borro won't do loose emeralds and I have another lender considering but no response yet. Any ideas?
emeralds.jpg
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10-15-2015, 07:55 PM #2
Reputation points: 1370
- Join Date
- May 2015
- Location
- NC
- Posts
- 208
Pledgecap, but their max loan amount is $1M
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10-15-2015, 10:08 PM #3
Reputation points: 22
- Join Date
- Aug 2015
- Posts
- 67
We own a lending portal that's connected to over 4,000 lenders.
They will fund deals with collateral such as jewelry, cars, diamonds etc...
Let me know if you interested.Doran M. Summers
Small Business Loans & Commercial Loans
3960 Howard Hughes Parkway Suite #500
Las Vegas, NV 89169
Doran@DoranSummers.com
Www.DoranSummersFunding.com
217.799.0156
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10-16-2015, 12:44 AM #4
I love PledgeCap, but they aren't crazy about loose emeralds, hopefully they will consider it soon.
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10-16-2015, 12:45 AM #5
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10-16-2015, 11:16 AM #6
Reputation points: 4530
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- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
I did a deal like this several years ago and would like to look at this one.
Please send me the appraisal and cross out the client's name. if you give me you contact information I will send you a broker agreement.
Bob Shaw
734.929.3800
rshaw@advancecredit.com
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10-16-2015, 11:33 AM #7
Reputation points: 68233
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Check out Rosenthal and Rosenthal in NYC and LA... They specialize in things like this (check out website).. Touch base if you want a contact..
info@businesscapitalconsultants.com
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10-16-2015, 06:05 PM #8
Reputation points: 22
- Join Date
- Aug 2015
- Posts
- 67
Thanks, I have to send you a brokers agreement.
If there is an interested lender they will contact your client directly.
You are protected as we have broker agreements with ALL lenders.
Send me an email with your business name and address so I can prepare the agreement.Doran M. Summers
Small Business Loans & Commercial Loans
3960 Howard Hughes Parkway Suite #500
Las Vegas, NV 89169
Doran@DoranSummers.com
Www.DoranSummersFunding.com
217.799.0156
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