Asset financeNews

Borro closes its largest luxury loan

Borro has closed its largest luxury asset loan at £6m.

A small collection of blue chip post-War and contemporary art was brought to Borro by a client looking to refinance an existing loan.

Paul Aitken, chief executive and founder of Borro, said: “I’m happy with the progress the business made in 2015 and 2016.

“Now we have begun 2017 with our largest luxury asset loan ever and delivered 30% growth in Q1.

“I expect us to continue the year as we have begun.”

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