Borro Private Finance

Carver Bancorp, Inc. Names Craig C. MacKay Interim CEO

Retrieved on: 
Monday, August 14, 2023
University, Equitable Holdings, Oppenheimer, Oppenheimer Holdings, Borro Private Finance, Senior advisor, Business, LISC, MBA, England, John Carver (board policy), Wharton School of the University of Pennsylvania, SunTrust Banks, Pioneer Fund, Growth, Bank, Local Initiatives Support Corporation, Carver Federal Savings Bank, Management, Economics, Carver

NEW YORK, Aug. 14, 2023 /PRNewswire/ -- Carver Bancorp, Inc. (Nasdaq: CARV) ("Carver"), the holding company for Carver Federal Savings Bank (the "Bank") announced today that its board of directors unanimously appointed Craig C. MacKay as interim President & CEO, effective October 1, 2023.

Key Points: 
  • NEW YORK, Aug. 14, 2023 /PRNewswire/ -- Carver Bancorp, Inc. (Nasdaq: CARV) ("Carver"), the holding company for Carver Federal Savings Bank (the "Bank") announced today that its board of directors unanimously appointed Craig C. MacKay as interim President & CEO, effective October 1, 2023.
  • Carver previously announced that its current President & CEO, Michael T. Pugh, will depart on September 30, 2023, to become the CEO of the Local Initiatives Support Coalition ("LISC"), a national nonprofit organization.
  • Combined with his Carver board service, he is well suited to lead the company as interim President & CEO.
  • Craig C. MacKay stated, "I'm honored to be named interim President & CEO of this historic institution, which has served the banking needs of traditionally underserved communities throughout Greater New York City for 75 years.

Artnet Introduces Art Secured Lending Brokerage Program Through Partnership with Luxury Asset Capital

Retrieved on: 
Tuesday, May 23, 2023
Insurance, Finance, Banking, Professional Services, Consumer, Luxury, Other Consumer, Retail, Partnership, Financial services, Silver, Research, Sale, Documentation, Gold, Fine art, Jewellery, News, Security (finance), Borro Private Finance, Artnet

Artnet, the leading platform for art market data and media, and the global online fine art marketplace, and Luxury Asset Capital, a leader in the alternative financing market, today announced a specialty financial services partnership that enables Artnet’s clients to quickly access capital without having to sell fine art or other luxury assets by using them as loan collateral held by Luxury Asset Capital.

Key Points: 
  • Artnet, the leading platform for art market data and media, and the global online fine art marketplace, and Luxury Asset Capital, a leader in the alternative financing market, today announced a specialty financial services partnership that enables Artnet’s clients to quickly access capital without having to sell fine art or other luxury assets by using them as loan collateral held by Luxury Asset Capital.
  • Artnet’s Art Secured Lending Brokerage program enables Artnet’s subscribers to obtain access to capital by leveraging their fine art assets, as well as other luxury assets, including watches, jewelry, gemstones, and autos.
  • Luxury Asset Capital is the nation’s largest privately-held provider of non-bank loans that use borrowers’ luxury assets, such as fine art, as collateral, with over a billion dollars of loans to tens of thousands of clients.
  • Art used as loan collateral is fully insured and held at a secure Luxury Asset Capital storage facility.

EQS-News: artnet AG: Artnet Pilots Financial Services through the Introduction of Art-Secured Lending in Partnership with Leading Asset-Secured Loan Providers

Retrieved on: 
Friday, November 11, 2022
Ecosystem, Partnership, Silver, Gold, Jewellery, Financial services, Research, Sale, Efficiency, New York–London–Paris–Munich, Fine art, News, Solution, Publication, Frankfurt Stock Exchange, Industry, Security (finance), Management, Artnet, Borro Private Finance

Fine Art has become a significant alternative asset class, which has led to its increased use as collateral against loans.

Key Points: 
  • Fine Art has become a significant alternative asset class, which has led to its increased use as collateral against loans.
  • Artnet is a natural home for fine art focussed Financial Services, and the introduction of Lending Brokerage is core to our vision of providing a holistic online ecosystem for the global art market.
  • Artnet is proud to launch this service together with the Fine Art Group and Luxury Asset Capital as its primary loan providers.
  • Artnet Worldwide Corp. owns a London based subsidiary, Artnet UK Ltd.
    Further Investor-relations related news and publications can be found here:

Luxury Asset Capital Earns Great Place to Work Certification™

Retrieved on: 
Friday, October 7, 2022
Professional Services, Retail, Luxury, Small Business, Finance, Banking, Synchrony Financial, Certification, Accenture, Place, Hulu, Great Places, Workplace, Bank, Management, American Express, Borro Private Finance

Luxury Asset Capital, a leader in the alternative financing market today announced that it had been Certified by Great Place to Work .

Key Points: 
  • Luxury Asset Capital, a leader in the alternative financing market today announced that it had been Certified by Great Place to Work .
  • Great Place to Work Certification is the most definitive employer-of-choice recognition that companies aspire to achieve.
  • Luxury Asset Capital joins well-known companies including Accenture, American Express, Hilton, Hulu, Synchrony Financial, and Target with Great Place to Work Certification.
  • Great Place to Work Certification isnt something that comes easily it takes ongoing dedication to the employee experience, said Sarah Lewis-Kulin, vice president of global recognition at Great Place to Work.

Luxury Asset Capital Establishes Luxury and Collector Car Division in Beverly Hills

Retrieved on: 
Thursday, May 19, 2022
Professional Services, Retail, Luxury, Automotive, General Automotive, Finance, Aston, VIN, Bentley, Language, Insurance, Industry, Awareness, Luxury, Rolls-Royce, Blackford, Founder, Collection, Documentation, CEO, Security (finance), Borro Private Finance, Porsche, Lamborghini, Ferrari

Luxury Asset Capital , a leading provider of alternative financing, today announced the establishment of its Luxury and Collector Car Division.

Key Points: 
  • Luxury Asset Capital , a leading provider of alternative financing, today announced the establishment of its Luxury and Collector Car Division.
  • The new division is the second Luxury Asset Capital operation based in Beverly Hills, joining Beverly Loan, the regions leading collateral lender.
  • The Luxury and Collector Car Division will support the introduction of luxury and collector cars as an accepted asset class for collateral loans issued by Beverly Loan, presenting the regions many car collectors and enthusiasts with an easy way to quickly generate additional capital without having to sell one or more of their cars.
  • The Luxury and Collector Car Division will also partner with leading auction houses, insurance companies, luxury storage facilities, restoration shops, and car clubs to broaden the awareness and understanding of collateral lending as a financing strategy.

Luxury Asset Capital Announces Two Strategic Acquisitions

Retrieved on: 
Thursday, March 24, 2022
Professional Services, Retail, Luxury, Other Professional Services, Small Business, Finance, Banking, Industrial loan company, Â, Multimedia, City, Jordan, Ferrari, Financial management, Rolex, CEO, Gold, Acquisition, Midtown Manhattan, Van Cleef & Arpels, Lawyer, Patek Philippe SA, Bank, Security (finance), Borro Private Finance

View the full release here: https://www.businesswire.com/news/home/20220324005687/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20220324005687/en/
    Borro.com is Luxury Asset Capitals fintech platform, the innovative solution for upscale, online collateral lending.
  • The consistent appreciation of luxury assets creates a tremendous market opportunity for collateral lenders like us that serve affluent clients, said Dewey Burke, Founder and CEO of Luxury Asset Capital.
  • Not only did Luxury Asset Capital gain two premier brands through this acquisition, but just as importantly, we doubled the size of our team.
  • Luxury Asset Capital brands loan processes are virtually devoid of paperwork, completely confidential, and tailored to each clients specific needs.

Leading Collateral Lender Borro Announces Key 2020 Accomplishments and Business Results

Retrieved on: 
Thursday, March 18, 2021
Finance, Banking, Luxury, Retail, Professional services, Money, Finance, Economy, Loans, Borro Private Finance, Credit, Collateral, Financial law, Asset-based lending, Asset backed lending

Borro , the leading provider of confidential, non-bank loans that use borrowers luxury assets as collateral, today announced key accomplishments and business results of its first calendar year of operations following its acquisition and relaunch by Luxury Asset Capital in early 2020.

Key Points: 
  • Borro , the leading provider of confidential, non-bank loans that use borrowers luxury assets as collateral, today announced key accomplishments and business results of its first calendar year of operations following its acquisition and relaunch by Luxury Asset Capital in early 2020.
  • Luxury Asset Capital and Borro are broadening the clientele benefiting from collateralized financing.
  • Borro provided a wide range of individual and business clients with fast and convenient financing during a period of significant economic upheaval.
  • Borro, a Luxury Asset Capital brand, is the leading provider of confidential, non-bank loans that use borrowers' luxury assets as collateral.

Otterbourg Names James Cretella Chair of Alternative and Specialty Finance Practice Group

Retrieved on: 
Wednesday, March 10, 2021
Finance, Consulting, Banking, Professional services, Legal, Finance, Money, Economy, Corporate finance, Working capital management, Financial services, Accounts receivable, Factoring, Fundamental analysis, Supply chain finance, Bank, Borro Private Finance

announced today that James M. Cretella has been named Chair of the firms Alternative and Specialty Finance Practice Group.

Key Points: 
  • announced today that James M. Cretella has been named Chair of the firms Alternative and Specialty Finance Practice Group.
  • View the full release here: https://www.businesswire.com/news/home/20210310005950/en/
    James M. Cretella, Chair of Otterbourg's Alternative and Specialty Finance Practice Group (Photo: Business Wire)
    A member of the firms Finance Department, Mr. Cretella represents lenders, factoring companies and prominent financial institutions, as well as borrowers, in a variety of lending, factoring and corporate transactions.
  • His areas of focus include asset-based lending, supply chain finance, trade finance and specialty finance.
  • Otterbourgs alternative and specialty finance lawyers, all of whom are also members of the firms Finance Department , represent bank and non-bank lenders, factors and specialty finance companies in creating, negotiating and documenting diverse alternative and specialty finance products.

Old Hill Partners Completes an $8 million Senior Secured Financing for a Merchant Cash Advance Originator

Retrieved on: 
Tuesday, October 27, 2020
Money, Finance, Economy, Loans, Financial law, Corporate finance, Asset-based lending, Banking, Credit, Security interest, Borro Private Finance, Factoring

The facility was secured by a first lien perfected security interest in receivables originated by the borrower.

Key Points: 
  • The facility was secured by a first lien perfected security interest in receivables originated by the borrower.
  • Our experience in the merchant cash advance space, which goes back for over a decade, allowed us to execute on the transaction in a difficult market environment for the industry.
  • Old Hill provides asset-based lending solutions for borrowers seeking $5 to $35 million in financing.
  • Old Hill Partners Inc. is an alternative asset manager focused on asset-based lending transactions with small- and medium-sized businesses.

Borro Lowers Interest Rate to Get a Loan Against Rolex Watches

Retrieved on: 
Thursday, October 15, 2020
Professional services, Retail, Luxury, Consumer, Women, Finance, MEN, Rolex watches, Watches, Clocks, Rolex Day-Date, Rolex Yacht-Master, Rolex GMT Master II, Rolex Milgauss, Rolex, Borro Private Finance, Submariner, Hans Wilsdorf

The special interest rate will remain in effect for the life of new loans that close between now and December 31, 2020 that use a Rolex watch, or multiple Rolex watches as collateral.

Key Points: 
  • The special interest rate will remain in effect for the life of new loans that close between now and December 31, 2020 that use a Rolex watch, or multiple Rolex watches as collateral.
  • Rolex watches are consistently among the most popular luxury assets Borro clients use as loan collateral.
  • Borro accepts all Rolex models, including the Rolex Cosmograph Daytona, Rolex Sea-Dweller, Rolex Submariner, Rolex GMT Master, Rolex Explorer, Rolex Milgauss, Rolex Air-King, Rolex Yacht-Master, Rolex Oyster Perpetual, Rolex Datejust, Rolex Day-Date, Rolex Pearlmaster, Rolex Sky-Dweller, and Rolex Cellini.
  • Borros deep Rolex expertise gives individuals peace of mind that they can trust Borro with their Rolex.