FINE ART FINANCE
Oliver Charles is proud to offer a range of financial services to premier collectors around the world. We source individualised financing solutions tailored to your unique financial needs, leveraging the expertise of our art finance relationships. We will organise a valuation to be conducted on your collection, using it as collateral to provide the financial flexibility you need.
With our lender access, loan-to-values can range from 20%-50% of the value of your art and other precious assets, do not require financial information or covenants, and closing the deal is usually completed in less than 30 days. This type of finance will come with associated costs and in some cases can be expensive dependant on the deal.
Please note that this type of finance cannot be used for a mortgage deposit.
KEY CRITERIA
At Oliver Charles, we understand that personal financial information is often sensitive and private. That’s why our fine art lenders secure the loan against your art or precious assets, ranging from 20%-50% of the value and do not require personal financial information or covenants.
Provide High Resolution Images of the piece
Provide proof of purchase and ownership documents
Provide a detailed and accurate Fact Sheet, reflecting provenance and exhibition histories
Artists must be included in their respective catalogue Raisonnés
Loans from $1 million up to $200 million at competitive interest rates, structured around your financial goals
A valuation can be carried out at the lenders site or a home visit can be arranged.
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Provide the key criteria information, your dedicated broker will then request a complementary estimate to determine if your items are suitable collateral.
Please provide a clear photograph and any relevant information, such as dimensions, materials and provenance.
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Your dedicated broker will review the estimates and terms of financing with you, providing a preliminary term sheet to ensure you are making an informed decision.
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Once you have agreed the initial term sheet, the lender will then complete their due-diligence for the transaction and draft the loan agreement.
Your broker will be your point of contact throughout the process, assisting with any necessary documentation and providing regular updates.
You should also confirm if you are happy to arrange for the item to be delivered to one of the lenders offices or request a home visit.
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The lender will catalogue the property confirming its condition, while their legal team will provide the loan and security agreements to finalise the loan and confirm where the piece will be stored.
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Upon execution of the closing agreements, we will confirm your net proceeds and the lender will transfer the funds to your nominated account, with any agreed upon fees and expenses deducted at closing.