WineCredit offers a convenient service for collectors looking to borrow against their wine.

Process

• WineCredit appraises the collection the borrower wishes to pledge as collateral.

• WineCredit determines a final loan value and an exact collateral package.

• The wine is inspected and inventoried.

• Storage is inspected (we allow for home and/or professional storage).

• Documents (promissory note, etc.) are signed.

• Cash is disbursed to the borrower.

Details

• Loan amounts from $200,000 to $10,000,000.

• Flexible payment schedule: pay interest monthly, quarterly, or only at maturity, with no compounding.

• Interest rates from L + 6.00% to L + 8.00% per year with no compounding.

• Loan tenors from 6 month to 2 years, with an option to extend performing loans upon maturity.

• Principal does not amortize during the life of the loan.