Luxury Asset Capital to acquire Borro Private Finance.

Luxury Asset Capital, a company in the alternative financing market, agreed to acquire Borro Private Finance, which provides loans for luxury assets. Financial terms were not disclosed. “The acquisition of Borro will further accelerate our growth by solidifying our position as the leading lender using luxury assets as collateral. Borro raised over $180m in investor capital and established itself as one of the most recognized brands in the alternative financing market. We expect that the Borro assets we acquired and merged into our firm will propel our type of lending to the forefront of consideration for anyone who owns a luxury asset and requires immediate capital,” Dewey Burke, Luxury Asset Capital Founder and CEO.