classic cars example 2

A classic car collector has the opportunity to purchase an iconic vehicle to complete his collection. He wants to secure the car but all his funds are tied up in long-term investments that would be difficult to sell at short notice.

With a loan from Westend Bank secured against the value of his existing collection, he fulfills his lifelong dream. Over the following 12 months, he sells investments at attractive market prices to repay the loan at the end of the term.