Suros Capital targets broker partnerships

Suros is a luxury asset lender, which lends against assets as diverse as classic cars, fine art and wine, as well as property. Last year it launched a fast fund facility for lending secured on luxury assets.

The firm also confirmed a new partnership agreement with specialist finance brokerage Grand Union Financial, which it said was hoped would be the first of many to go live this year.

Charles Hodge, business development director at Suros Capital, said the lender wanted to broaden its reach and raise its profile among brokers in the UK.

He continued: “Grand Union Financial is a growing brokerage with a keen interest in growing its luxury asset lending business and will be a proactive partner for us. Running alongside will be the development of relationships with key packagers and distributors, we believe that we can significantly widen the appeal of luxury asset backed finance in the UK.”

Kal Woodley, director of Grand Union Central, said the broker had been keen to develop new sources of finance for its clients for some time.

He continued: “We already offer a high net worth client service and teaming up with Suros Capital provides us with a great facility to offer clients wishing to raise short term capital quickly and with the minimum of fuss and form filling.”