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Oct 5, 2016 1:03 EST

Loans on Fine Art, LLC is a loan brokerage firm that specializes in orchestrating asset based loans using art as collateral. We offer short and long term recourse and non-recourse loans from a minimum of $1 million to over $100 million.

iCrowdNewswire - Oct 5, 2016

Loans On Fine Art LLC Logo

Loans On Fine Art LLC

Denver, CO 80222, US
Financial Services
loansonfineart.com/

Financial Services –

The Company participates in loans on high end fine art.
Estimate $30 million of loan participations in next 12 months

The track record: 14 years, over $2.25 billion loans, no losses
weighted average: 50% loan to low end auction value, 25% cash on cash

– artwork (collateral) backed loans
– low risk above market returns
– non-correlated to central banking activity
– artwork is held in lead lender’s account in licensed and bonded storage
– no foreclosure risk
– on default the artwork, held in lead lender’s name, goes to auction
– highly liquid

Products / Services

Current Loan Participation

Loan – Borrower seeks liquidity to make addiIonal art purchases and manage other investments

– marketable cash value collection of 49 works of art $10,183,290
– loan amount: $5,100,000
– interest: 19.87% to participant(s)
– LTV: 50%
– Recourse $250 million net worth as of 12.31.13
– artwork is held in lead lender’s account in licensed and bonded storage
– no foreclosure risk
– on default the artwork, held in lead lender’s name, goes to auction
– highly liquid

To request the full package or have any questions please email [email protected] or
phone Gary Greenberg at 303.757.1012.

 

Management

Managing/Manager Financial Officer
Gary Greenberg

Gary Greenberg
http://loansonfineart.com/

BIO

http://loansonfineart.com/about

Loans on Fine Art, LLC is an loan brokerage firm that specializes in orchestrating asset based loans using art as collateral. We offer short and long term recourse and non-recourse loans from a minimum of $1 million to over $100 million.

Gary Greenberg, President of Great Western Finance, Inc. (GWFI) has 38 years domestic and international experience as a principal–and through third parties–in asset management, lending, equity, joint ventures, mortgage portfolios, structuring, brokering and loan/equity presentation packaging that has equaled over ten billion dollars.

Projects have included, fine art, oil and gas, commercial real estate of all property types, commercial and residential construction, commercial equipment leasing, securities and corporate finance.

From 1980 to 1992, Greenberg held Registered Representative and Blue Sky licenses. From 1986 to 1992 he held a General and Financial principal’s license

Summary

Prior Year Revenue Current Year Revenue Next Year Revenue

 

Company Age Employees Sub-Industry
22 years 1 Mortgage Investment

 

Company Type Stock Exchange Stock Symbol
Privately-Held
Contact Information:

Gary Greenberg, 303.757.1012 ph / [email protected]

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