For many high-net-worth clients, valuable assets are not held in their personal name. For sophisticated tax, estate planning, and liability reasons, assets like fine art collections, classic cars, or significant jewelry are often owned by a legal entity.
This can include:
- Irrevocable or Revocable Trusts
- Limited Liability Companies (LLCs)
- Family Limited Partnerships (FLPs)
- C-Corps or S-Corps
A traditional pawn shop or a small-scale lender is not equipped to handle this complexity. We, however, are. We have extensive experience in underwriting and structuring confidential loans for entities.
How We Work with Entities:
The core of the loan remains the same: it is secured by the asset. The primary difference is the documentation required to verify ownership and the authority to pledge the asset as collateral.
Our process is designed to be streamlined and to work directly with your legal and financial advisors. While each case is unique, we typically require:
- For Trusts: A copy of the trust agreement, a certificate of trust, and identification of the trustee(s) with the power to act.
- For LLCs/Corporations: The company’s operating agreement or articles of incorporation, and a corporate resolution authorizing the transaction and identifying the authorized signor.
We understand that discretion and professionalism are paramount when dealing with family offices and legal fiduciaries. Our team can coordinate with your attorney to ensure the entire process is seamless, compliant, and confidential, providing your entity with the liquidity it needs in as little as 24-48 hours.
To discuss a confidential loan for assets held in a trust or corporation, please contact our senior specialists.