what can you get for prized items? learn the true value of your possessions
DESCRIPTION
A live webinar in the Trov Crowdvalue Series featuring Tom McDermott and Chris Hebden of Personal Asset Lending company, Borro. During this session, you will: - Learn what factors impact the value of certain items - Learn how much money you can borrow against prized possessions - Guess at the value of different items in our CrowdValue pollsTRANSCRIPT
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What Can You Get For Prized Items?
MAY 1, 2014 | 12PM – 1PM EST
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Learn the true value of your possessions
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Presented by:
An experienced executive in the financial services and marketing industries with successes in payments and lending to both consumer and small business segments. Most recently, Tom was the EVP, Marketing and Business Development for RedWage LLC where he led the launch of The Approved Card from Suze Orman. Tom is also on the Board of Directors of Accion USA, one of the nation's largest non-profit micro-finance lenders.
Tom McDermottGM USA
Chris HebdenBusiness Development Director
A highly analytical and creative finance professional solidly grounded new business development, loan portfolio management and reduction of risk Chris is considered a strong team member with exceptional communication skills and a persuasive presentation style. A problem solver, able to quickly adapt, understand and develop unique solutions to customer situations without losing perspective on the overall mission of profitability, growth, superior customer service and cost containment.
T: 212 776 1020
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About:
Created the personal asset lending category.
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Our Business
What We Do• Enable borrowers to use their personal assets to quickly meet their
liquidity needs • No review of financials, adverse affect on credit or tax implications on loans
Customers Seeking Liquidity• Clients managing and settling estates• Small business owners & self-employed• All credit classes – mass affluent to low income
Qualifying Personal Assets• Fine art & antiques, jewelry, gold, diamonds, luxury watches & cars, and
vintage wine
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LTV 70%
LTV 45%
LTV 65%
LTV 50%
LTV 50%
What we lend against:
Watches & Jewelry: LTV 70%
Art & Antiques: LTV 45%
Gold: LTV 60%
Prestige & Classic Cars: LTV 50%
Other: LTV 50%
*LTV: Loan-to-Value
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Patek Philippe Nautilus Watch
Description:
Stainless steel Patek Philippe Nautilus watch with a 40.5mm case, black dial with gold applied hour
markers and luminescent coating
Asset 1:
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Asset 2:
Hermès Birkin Bag
Description:
Black crocodile Birkin 35 bag
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Asset 3:
‘Arman LXVII/XC’ Hommage at Yves Klein
Description:
1992 blue acrylic violin in Plexiglas display case
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Asset 4:
Audemars Piguet Royal Oak Offshore Watch
Description:
Juan Pablo Montoya limited edition, 500 piecesin pink gold
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Asset 5:
Montague Dawson Painting
Description:
The ‘Bonnie Breeze’ in the West Solent
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Asset 6:
1966 Ford GT40 MKII A Tribute
Description:
1966 Ford GT40 MKII A with a 427 V8 engine withover 700hp
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Asset 7:
Versace Necklace & Bracelet Set
Description:
135.29g 18kt yg Versace necklace and bracelet set
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Asset 8:
Platinum Ring with EmeraldCut Diamond
Description:
9.12ct E/VS2 diamond in a split shank platinum ring with melee diamonds
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Borro’s Services
Personal Asset LoansPrivate. Fast. Simple.
• Loan up to 70% of the value of a luxury asset
• Assets remain in Borro’s possession for the duration of the loan
• Once interest and principal are paid off, asset is returned to client
Personal Asset Loans & Sale Advance
Sale AdvanceBest of both worlds.
• Client isn’t rushed into a “fire sale”
• Leverage Borro’s network of auction houses and sales outlets to find the ideal channel
• Up to 70% of the value of the asset provided in advance of sale
• Advances also provided for assets currently consigned
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How it works
1. Client Applies for Loan• Via Borro.com, phone or email• Dedicated account manager
2. Free Asset Appraisal & Offer• Borro can arrange visits to homes with
largeor multiple items, other assets are shipped or brought in for valuation
• Loan offer is made
3. Offer is Accepted• Asset placed in Borro’s storage vaults or
prepared for consignment• Client accepts offer • Loan proceeds or advance wired to client
account
Borro.com’s process is streamlined & straightforward for estate clients
B
enefits
Convenient
Personalized
Free & FlexibleLogistics
Expert Appraisals
Secure
Immediate
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Questions
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Trov is the personal cloudfor every thing you own.
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Easily and Securely Collect, Value andConnect Every Thing you Own.
Easily add items to your Trovby snapping a photo or sendingA digital receipt. Items will be automatically updated withextra details, including photos,descriptions and values.
Be automatically informed of the value of items in your Trov and your total 'Trov Worth' so you can make more informed decisions.
Unlock a world of opportunity through the things you own, such as online marketplaces, discounts on insurance, social sharing and more!
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