Watch collection funded Spanish property development

11 December 2025

Specialist short term lender Suros Capital has enabled a property developer to complete the funding of a development in Spain by lending £105,000 secured against part of his collection of luxury watches, including examples of Vacheron Constantin, Patek Philippe and Rolex.

The loan is a top up an existing property bridging loan where the client was unable to borrow the full amount he needed. The developer, a UK citizen who had moved to Spain 12 months ago, had been unable to find the extra finance for his project in Spain. Having discovered his client had a collection of watches, his UK based financial adviser put him in touch with Suros Capital.

Having assessed the value and provenance of the watches, Suros’ valuers were able to authorise a loan for the full amount required by the client.

Significantly, the loan was made within 48 hours of receipt of the watch collection for appraisal

According to Suros Director, Ray Palmer, the way Suros Capital operates is of particular value to advisers with clients who require funding quickly and where alternative sources are either unavailable or unable to meet the client’s requirements to close the deal in time.

He said, “Like many of our clients, this developer came to us because of the lack of suitable sources and because he could not wait any longer to find alternative sources. Because of his watch collection, our client had the kind of security Suros Capital is able to lend against.

Apart from making sure they know about a client’s brick and mortar assets, advisers should check about their clients’ hidden assets such as gold, jewellery, fine art, or luxury and classic cars. In this case, the client was able to make use of his collection of watches.”