A contractor’s business was growing and he needed more equity in the business. Cash was tight, but the contractor owned a beautiful American Car collection, which he had been collecting his entire life. These cars were like his children, and he did not want to sell any of them to keep his contracting business on-track.
A loan broker who had experience working with Loeb on previous, unique challenges, contacted Loeb to see if we could work out a solution. Fortunately, Loeb was a great fit since we love cars and have a passionate understanding of them and their owners. We quickly stepped in with a $700K term loan against the collection and the liquidity issue was solved within weeks.