Suros Capital assists developer with fast finance for renovation project

20 May 2025

Suros Capital, the luxury asset short term lender, has released details of a recent case where the client, a property developer, required funding of £100,000 to complete the renovation of a residential property project.

Needing the finance quickly, conventional short term finance was not an option because it could not be arranged in time. Fortunately, the client’s adviser knew that he had a considerable holding of gold bullion and recommended him to contact Suros Capital.

Gold, has risen around 180%, outperforming both the FTSE 100’s 64% gain, and the S&P 500’s 167% over the past 10 years.

Having assessed and valued the gold, Suros Capital was able to offer the full £100,000 required. Once the client had given the go ahead, the funds were in his account within 5 hours and he was able to complete the renovation on time. The client’s planned exit strategy is the sale of the property within the next three to four months.

According to Ray Palmer, Director at Suros Capital, the case provides a perfect example of why borrowing against luxury assets can provide the right funding solution for clients requiring speedy resolutions that conventional bridging cannot match.

He said, “I would urge every adviser to make sure they don’t ignore the benefits that clients who own luxury assets, such as gold, can call on when they need short term finance. This client who owned gold bullion was able to realise significant funding almost immediately.”