#bridging-loans

#bridging-loans

Ray Palmer, director at Suros, told Business Matters the firm's loan book includes some of the strangest transactions in the market. Among them: a £6m loan against 21,000 bottles of wine stored in a Second World War bunker, a £60,000 Macallan whisky bottle, and even an Academy Award. Other approaches - ultimately rejected - included racehorses, Fabergé eggs and a bizarre offer of 50 tonnes of dirt supposedly containing 2% gold.