NEW YORK - PRDelivery -- The alternative finance market is a dynamic and rapidly evolving industry that is changing the way individuals and businesses access funding and invest their money.  With the global alternative finance market valued at $173.9 billion in 2022, and projected to reach $920.9 billion by 2032 it is no surprise luxury asset financing has become a booming industry. As prices for luxury goods climb, Business Owners, CEO's, and high-net-worth individuals are looking to fund new ventures without having to sell their prized possessions.

Dewey Burke is the Founder and Chief Executive Officer of Luxury Asset Capital, a leader in the alternative finance segment that provides loans using borrowers' luxury assets as collateral. Under his leadership, the company acquired its two largest competitors, Borro (January 2019) and Beverly Hills and New York Loan Company (December 2021). Their brands have loaned over one billion dollars to tens of thousands of clients across the country, making Luxury Asset Capital the nation's largest privately-held provider of non-bank loans that use borrowers' luxury assets as collateral.

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With interest rates climbing, along with the tightening of standard lending criteria among conventional bridging firms, luxury asset lending is more attractive than ever.

Below is a short clip of the Spotlight interview scheduled to air on Fox Business as sponsored content at 4:30 pm EST on Saturday, January 27, 2024.

https://www.youtube.com/watch?v=xRnyf0DUuC0



Spotlight Television is a National Television Show airing on Fox Business as sponsored content. A premiere news magazine show Spotlight shines the spotlight on Leaders, Products, and the next big thing, who are making a difference in the world.

Luxury Asset Capital®  is a leader in the alternative financing market, with tens of thousands of transactions and over one billion dollars in loans funded by its Borro, New York Loan Company, and Beverly Loan Company brands since inception. They are a private lender to individuals and businesses in exchange for luxury assets that are held as collateral when traditional channels of financing are either too slow, invasive, burdensome or, in some cases, unavailable. They unlock the equity in a wide range of assets that are high in value but low in liquidity and execute transactions from thousands to millions of dollars in as little as one hour.

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To learn more about Luxury Asset Capital visit: www.borro.com.