Art FinanceArt Lending

Borro closes £67 million lending facility with Victory Park Capital

Borro, the specialist asset lender, has closed a £67 million ($112 million) loan with Victory Park Capital, a middle-market asset management firm. “This new lending line represents the confidence the market has in our business, and in Victory Park Capital we have a very important partnership that provides a significant …

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Art FinanceArt Lending

UBS wins art finance award in Euromoney’s private banks survey

UBS came top in the art and collectibles advisory category in the 2014 Euromoney Private Bank Awards. Euromoney only added this category to its awards last year and this is the second year it has won. JPMorgan was second. 2014 Bank 2013 1  UBS 1 2  JPMorgan 4 3  Credit …

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Art FinanceArt Lending

Borro offers loans for owners planning to sell art

Borro, the specialist art asset lender, has launched a new sale advance loan programme where it will lend cash against art due to be sold. The firm will lend against assets – provided it holds them – and offer a low monthly fee in return from a percentage of the …

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Art FinanceArt Lending

Borro hits £50 million landmark through art lending

Borro, the specialist asset lender, has lent £50 million ($75 million) since launching in 2008. Most of this lending is secured by art. The lender, which takes custody of any assets until loans are fully re-paid, will lend up to £1 million against art or other high value assets. However, …

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