Skaya Capital’s boutique art financing arm provides access to liquidity through quick and discreet art-secured loans on high-quality works of art.
Whether you're looking to add to an existing collection, seed other investments, obtain working capital or meet a financial deadline, we can quickly provide the liquidity you need as an alternative to permanently parting with works from your collection and without the downsides of selling - unfavorable timing or sales, high transaction costs or potential capital gains taxes.
The loan process is straightforward and we arrange for the secure shipping and storage of your artwork in our partner facility during the term of the loan. The entire transaction will be handled with the utmost discretion and professionalism and all of your personal information remains confidential.
The valuation of your art is based on current fair market value as determined by our network of independent appraisers and underwritten by our
in-house experts.
Your artwork is the sole collateral for the loan and we take possession of the art while the loan is outstanding so the loan is non-recourse and there is no credit check, personal guarantee, or other financial underwriting required.
We only lend on high-quality art from established artists so all works must have a history of successful auctions or other proven track record in the secondary market.
Contact us to discuss your needs and provide the requested documentation for our review.
We evaluate your art and analyze the documentation provided. If it meets our criteria, we present a term sheet with an offer for you.
After approval and digital execution of the loan documents, we fund the loan for you based on the agreed terms.
Interest is paid monthly on the loan balance at a fixed interest rate of 1.5% per month. The original principal balance is paid off at the end of the loan term.
We lend at a 40% LTV.
No. Quality and liquidity are our top priorities. We only lend on high-quality art from established artists so all works must have a history of successful auctions or other proven track record in the secondary market. Further, for any artwork to be considered as collateral for a loan, we require detailed information regarding provenance, authenticity, condition and proof of free and clear ownership. Loan closing will be subject to complete inspection and approval of the artwork by Skaya Capital’s experts.
No. We do not check your credit. We provide non-recourse loans, with no personal guarantee, where the art secures the loan.
Your interest payment is due monthly on the calendar day of funding. For example, if your loan is initially funded on the 10th of the month, your payment is due each month on the 10th. Your final payment will include the interest for that month and the original principal balance of the loan.
The valuation is based on current fair market value as determined by our in-house underwriters and our network of independent experts and appraisers.
Yes. The artwork will be securely transported and stored at our local partner facility until the loan is repaid.
Keeping your art safe is of utmost importance to us. During the term of the loan, your art is stored in our climate-controlled partner facility with 24-hour security and video surveillance. We recommend that you maintain insurance on your art to cover your interests during this period but it is not mandatory. However, as a requirement of loan closing, insurance is obtained for the sole benefit of Skaya Capital to cover the collateral from the time it leaves your possession until your loan is fully repaid.
There are no origination or application fees. Shipping, storage, appraisal and insurance are arranged by us and the costs are paid by you through a deduction from the loan proceeds at closing.
We only hold your art until the indebtedness is fully paid. At that time, we transport the art back to you or you may collect your art from our secure location.
No. Prepayment of the loan is not permitted.
In the unfortunate event that you default on the loan, your pledged artwork will be relinquished by you in payment to Skaya Capital. A default has no effect on your credit.
tel: 516.668.6173 email: inquiries@skayacapital.com Miami, Florida
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