JBR Capital has launched a new offering to high net worth clients, allowing them to raise capital by releasing equity from their luxury, classic or historic cars.
A lender focused on finance solely for luxury cars, JBR Capital has expanded its channel to market via financial intermediaries in response to requests from high net worth individuals and businesses who want to raise capital but are turned down from other sources of finance.
JBR Capital are able to advance funds for cases including asset rich clients with little credit history and those who do not permanently reside in the UK, and according to the lender, those raising finance against their luxury or classic car will keep the vehicle while the loan is being repaid.
Senior partnerships manager at JBR, Neil Robinson, said: “We have helped clients raise capital for many different reasons, including deposits for property purchases, development, or even to fund school fees.
“We can lend anywhere between £25,000 and £3 million, and are now actively looking to establish new relationships with wealth managers and financial advisers, so that clients can access our services through them.”
JBR Capital offers specialist finance for modern day cars, supercars, classic cars and historic cars to private individuals and businesses. It is backed by Cabot Square Capital, a financial services private equity investor, and has loaned over £229 million to date.