Printer Friendly

Luxury Asset Capital launches Lux Exchange.

BANKING AND CREDIT NEWS-January 31, 2018-Luxury Asset Capital launches Lux Exchange

(C)2018 M2 COMMUNICATIONS http://www.m2.com

?

Luxury Asset Capital(TM) LLC, a online provider of alternative financing, has announced the launch of Lux Exchange(TM), an online service that provides immediate capital in exchange for luxury assets that it either holds as collateral or purchases, the company said.

Luxury Asset Capital created Lux Exchange to serve middle and upper-income individuals and businesses when traditional forms of financing cannot deliver short-term capital with the necessary speed, convenience, or discretion. The company also finalized a USD 50 million line of credit from a large US-based family office, which enables it to provide immediate capital infusions to its customers in amounts from several thousand to several million dollars.

Lux Exchange provides capital in amounts ranging from USD 2,500 to USD 5,000,000 or more, in exchange for assets including fine watches, diamonds, jewelry, art, luxury/ collectible cars, and various other luxury items that are high in value but low in liquidity.

Based in Denver, Colorado, Lux Exchange is an online service that provides capital to individuals and businesses in exchange for luxury assets that are either purchased or held as collateral. Lux Exchange provides capital when traditional channels of financing are either too slow, invasive, burdensome or in some cases, unavailable. For more information, visit: www.theluxexchange.com

((Comments on this story may be sent to info@m2.com))

COPYRIGHT 2018 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2018 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 Banking & Credit News (BCN)
Date:Jan 31, 2018
Words:241
Previous Article:Shutts regains partner in financial services practice group.
Next Article:Carter Bank & Trust names 2 new directors.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters