Palm Beach Loan provides same-day funding for qualified luxury assets — watches, jewelry, diamonds, fine art, and other accepted collateral — through a process designed for efficiency and discretion. For clients who have not used a luxury asset lender before, understanding the steps from first contact to funded loan helps eliminate uncertainty and set appropriate expectations.

Step One: Initial Contact and Asset Description

The process begins with a phone call, online inquiry, or in-person visit to describe the asset you are considering for collateral. Providing basic information — the brand, approximate age, condition, and any documentation you have — allows us to give you a preliminary indication of loan feasibility before you invest time in a formal evaluation. For most major luxury brands in good condition, we can provide a preliminary range in the initial conversation.

Step Two: In-Person Asset Evaluation

Formal evaluation requires the physical asset and takes place at our Palm Beach location. Our specialists examine the piece, verify authenticity and condition, and establish the current secondary market value that forms the basis for the loan offer. This evaluation is thorough and for complex or high-value pieces may take one to two hours. For straightforward pieces from major brands, evaluation is typically completed within 30 to 60 minutes.

Step Three: Loan Offer and Documentation

Following evaluation, we present a loan offer including the loan amount, interest rate, loan term, and the terms for renewal or repayment. If you accept the offer, we complete the loan documentation and arrange for same-day funding to your bank account or via other agreed payment method.

Frequently Asked Questions

What happens to my asset while the loan is active?

Your asset is stored in our secured, climate-controlled facility with comprehensive insurance coverage for the full appraised value throughout the loan period. When the loan is repaid in full, your asset is returned immediately.