About Tpc art finance
TPC Art Finance: Providing Unique Liquidity Solutions to Fine Art Collectors and Dealers
TPC Art Finance is a specialty lending company that provides unique liquidity solutions to collectors and dealers of Fine Art and other prestigious assets. The company was founded in 2011 by Michael Plummer Jr. and Jeff Rabin, two experts in the art finance industry with over 30 years of combined experience.
The mission of TPC Art Finance is to provide customized financing solutions for collectors, dealers, galleries, museums, auction houses, and other institutions involved in the art market. The company offers a range of services including loans secured by fine art collections or individual works of art, bridge loans for auction purchases or sales, consignment financing for galleries or dealerships, as well as advisory services on collection management.
One of the unique features that sets TPC Art Finance apart from its competitors is its focus on providing non-recourse loans. This means that borrowers are not personally liable for repayment if the value of their collateral falls below the loan amount. Instead, TPC assumes all risk associated with fluctuations in market value.
Another advantage offered by TPC is its ability to provide flexible loan terms tailored to each client's specific needs. Loans can be structured as interest-only payments with balloon payments due at maturity or amortizing payments over a longer period.
TPC also prides itself on its commitment to transparency throughout the lending process. Clients receive regular updates on their collateral's value and have access to an online portal where they can monitor their account activity.
In addition to providing financial solutions for clients' immediate needs, TPC also offers strategic advice on long-term collection management strategies such as estate planning and tax optimization.
Overall, TPC Art Finance has established itself as a leader in the niche field of art finance by offering innovative liquidity solutions tailored specifically for collectors and dealers in this unique market segment. With its focus on non-recourse lending options coupled with flexible loan terms and transparent communication, TPC is well-positioned to continue its growth trajectory and expand its reach in the art finance industry.