Quote:
Originally Posted by sphere and ash
Imagine that you could borrow against graded cards. The minimum loan would be $25,000. Loan-to-value would be 50%. Rates would be L+6% to L+8% (L is currently 2.5%).
What is your best guess as to how much would be borrowed in a year? Could you see borrowing against your graded cards under these terms (I recognize the minimum is prohibitive for some)?
Thanks for your help. I’m a memorabilia guy with very limited knowledge of cards, but I’m intrigued by the business opportunity. Any other thoughts would be appreciated. Thanks.
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There are places that already do this. I can't remember their name but one of them has advertised/posted on here before.