Palm Beach Loan Company Provides Loans Using Luxury Asset As Collateral To Clients in Palm Beach
We are located at: 555 N Congress Ave, Suite 301, Boynton Beach, FL 33426
Palm Beach Loan Company prides itself on being the number one luxury collateral lender in Palm Beach. We specialize in unique, high-end and one-of-a-kind items that other lenders may not have expertise in. The Loan Companies have been in operation for over 75 years and has a stellar reputation. With our expertise and longstanding relationships with buyers on both Coasts, we are able to provide higher loan amounts.
In addition to the types of collateral we accept, our unparalleled customer service and commitment to providing a fast, easy, and confidential experience sets us apart. No matter what the dollar amount of the transaction, Palm Beach Loan will always protect our clients’ privacy and confidentiality.
Palm Beach Loan offers 30-day loans with no pre-payment penalty so you can borrow the money for as long or as little as needed. All loans are non-recourse and all interest rates and loan terms are governed by federal, state and local law. We pride ourselves on in being completely transparent and have absolutely no hidden fees. Contracts have a clear breakdown of all costs associated with the loan. Our team members are pleased to answer any questions regarding the loan process.
We lend against luxury watches, fine jewelry, certified diamonds, luxury vehicles, fine art, precious metals, designer handbags & accessories, one-of-a-kind sports and entertainment memorabilia, silver flatware, auction-worthy wine and rare coins. Unfortunately, we do not accept electronics, instruments, or any other household items. To see a full list of accepted collateral, please see our “assets we accept” tab at the top of this page. To see a full list of accepted collateral, please see our “assets” tab at the top of this page.
We ask that you compile an email with photographs and details about the potential collateral, specifically the provenance. Once we receive the email, we will conduct our internal due diligence and provide you with an estimated loan amount. This is process can sometimes take 24 hours as we must often review auction records as well as consult with other experts in order to provide the highest and most accurate valuation possible. Again, be aware that we must see the collateral in person before making a firm offer. To see what kind of art/wine/memorabilia we accept, please see our “assets” tab at the top of this page.
We have significant additional security measures in place on premises and all collateral is afforded the highest level of protection either in our safe on premises or in the secure vault in our building. Keep in mind that our business has been in continuous operation for over 75 years and we have never lost, broken, or misplaced an item in loan. We handle all of our clients’ collateral with the highest degree of respect and care.
You are welcome to visit, but we do ask that you call or email us before stopping by to ensure a smooth admittance process.
A collateral loan is a loan that is entirely based on the value of your collateral – not your credit score or financial circumstances. We provide short-term, non-recourse loans with a four-month term. Arrangements can be made to extend the term should you require additional time. Once the principal plus all accrued interest is paid, your collateral is returned to you, which is always our goal.
You must be at least 18 years old and have a government issued ID (driver’s license, passport, etc.) to obtain a collateral loan. In some cases, we may require provenance, receipts or certificates of authenticity to make a loan. Each type of collateral is different. Please refer to the individual pages under the “assets” tab at the top of this page, or contact us directly for more information.
The majority of our clients are funded via Wire or ACH. We accept payments in the form of cash, cashier’s check, money order, wire or debit.
We try to make the loan process as quick and simple as possible. A typical in-person transaction usually takes about 30 minutes; however, the more assets that we evaluate, the longer the process will take. When the process takes longer, it’s usually because we are trying to confirm a higher valuation for your collateral.
We base the loan amount on several factors; we are not the type of lender who simply loans against gold weight. Palm Beach Loan Company employs GIA graduate gemologists to evaluate and authenticate diamonds and gemstones. With over 75 years in business, we are familiar with market fluctuations and the premium that signed goods carry, whether jewelry (Cartier, Graff, Harry Winston, Tiffany & Co) or watches (Patek Philippe, Rolex, IWC, Audemars Piguet, etc.). With our longstanding relationships with buyers on both Coasts, we are able to pay a premium for many assets. Every transaction is different and each loan is made on a case-by-case basis.
Unfortunately, in most cases, we cannot give a final loan offer over the phone. We do need to do an in-person inspection. However, through photos and detailed descriptions, we do provide initial loan offers (pending in-person inspection) to give you an idea of how much you can borrow against each asset. Again, each item is unique and in order to provide the highest loan amount possible, we must review the specific attributes of your collateral and its condition in person prior to making an offer.
We specialize in collateral loans, however, if the asset meets our criteria, we will share with our team to see if it is something they will outright purchase.
555 N Congress Ave, Suite 301, Boynton Beach, FL 33426
Monday – Thursday
9 AM – 5 PM
Friday
9 AM – 3 PM
Saturday & Sunday
By Appointments only
