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