A non-purpose loan lets you pledge an asset as collateral and borrow against its value, while you keep ownership and put the proceeds toward whatever you choose. Here’s how the process works, start to finish.
01 value
Bring us the assets
Tell us what you’d like to borrow against. We assess and appraise it, then set an advance rate based on the asset’s value, liquidity, and how well it holds worth.
02 STRUCTURE
We structure the loan
Every asset is different, so every loan is too. We propose terms built around your collateral: the amount, the rate, and a repayment shape that fits.
03 DEPLOY
Put the capital to work
Draw your funds and use them for nearly any purpose. Repay on the agreed terms and reclaim your unencumbered asset at the end.
A non-purpose loan lets you pledge an asset as collateral and borrow against its value, while you keep ownership and put the proceeds toward whatever you choose. Here’s how the process works, start to finish.
Day 1
Tell us about the asset and what you're aiming to raise.
Days 2–5
We value the collateral and review its market.
Week 1–2
You review proposed terms and sign when ready.
Ongoing
Deploy the capital and repay on the agreed schedule.
What you'll need
What we need to get started.
Three things let us give you a considered, indicative answer quickly.
01
A description of the asset and proof of ownership.
02
Any existing appraisals or documentation.
03
A sense of how much you'd like to borrow.
Do I keep ownership of my asset?
Yes. You pledge it as collateral, but it stays yours throughout the loan and returns to you unencumbered once repaid.
What can I use the funds for?
Nearly any lawful purpose. Proceeds may not be used to purchase or carry margin securities.
How much can I borrow?
It depends on the asset. Advance rates are set after appraisal, often up to 60% of appraised value.
What happens if my asset's value changes?
You’ll know upfront what happens if values move. In some cases you may be asked to add collateral or repay part of the loan.
A short conversation is all it takes to review your asset and outline what’s possible — no obligation.
