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Clients can create liquidity or cash flow from an
existing collection while retaining possession of their art and
antiques. Clients can also:
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Borrow
funds against an existing collection to supplement personal or
family liquidity
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Avoid the
significant taxes and transaction costs associated with the sale
of art and antiques. The federal capital gains tax on art and
antiques is 28% (versus 15% for stocks, bonds and real estate).
Adding state and local taxes, a sale can trigger a total tax
bill of 40%+- on the gain, depending on the seller's domicile.
That's before transaction costs which can be as high as 20-30%
of the value of the assets sold.
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Facilitate
family transfers of collections or specific works of art
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Pay
inheritance taxes by borrowing against art and antiques,
allowing for an orderly disposition of the collection
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Our Mission: Is
to bring worthy companies together with the resources
necessary to further their development. Through private and
public placements by accredited investors, bring capital
development strategy and success to our clients and
partners. |
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Loans Using Artwork as Collateral
Intelligent Funding has access to a large commercial
lender that specializes in loans using valuable artwork
and collections as the collateral. The lender is a
division of one of the largest private banks in the U.S.
They are based in New York, and specialize in loans
against art pieces and collections.
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This lender offers a full
complement of debt products to finance new purchases and create
liquidity from an existing collection. The company provides
acquisition financing, liquidity loans, lines of credit,
inventory financing, sale financing and consignment financing.
Loans range from $500,000 to $100,000,000 for terms of 6 months
to 20 years. Loans can be secured by a broad range of art and
antiques, including paintings, drawings, sculpture, furniture
and decorative arts.
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Clients can arrange lines of credit
collateralized by existing art and antiques and new
purchases.
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Fund
short-term cash needs
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Arrange 1-year or multi-year revolving lines of credit for
present and future purchases
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Pre-arrange flexible financing
In order to be considered, we submit:
- A
proposal or loan request
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Initial information on the value of the collection and the
way the value was derived.
- The
lender WILL AT SOME POINT EXPECT THE BORROWER TO PAY FOR A
3RD PARTY APPRAISAL. They will appreciate any previous
appraisal, but the new loan will have to be based upon their
process, which usually requires an in-house appraiser to
inspect the pieces.
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Initial information about the provenance of the pieces in
the collection. This will also have to be verified by a 3rd
party.
- Send
initial info. to us at:
info@intelligentfunding.com
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