Luxury Asset Capital Acquires Beverly Loan Company and New York Loan Company
March 24, 2022
Luxury Asset Capital has acquired Beverly Loan Company (Beverly Hills, CA) and New York Loan Company (Midtown Manhattan), combining them with its Borro platform to create the nation's largest privately-held luxury collateral loan portfolio. The deal adds prominent brick-and-mortar presence in Los Angeles and New York and expands Luxury Asset Capital's alternative lending capabilities for affluent, high-net-worth clients.
- Buyers
- Luxury Asset Capital
- Targets
- Beverly Loan Company, New York Loan Company
- Industry
- Financial Services
- Location
- United States
- Transaction Type
- Buyout
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