You should not construe any information provided here as investment advice or a recommendation, endorsement or solicitation to buy any securities offered on Yieldstreet. return; funding, the fifth largest fintech Series B funding round ever completed + 'Please enter a valid email address' Investors must be able to afford the loss of their entire investment. We lend up to a 50% LTV based on a third-party independent appraisal on a marketable cash value basis. 5 Represents the sum of the interest accrued in the statement period plus the interest paid in the statement period. function initNewsletterSignup() { The Originator focuses on the premium segment of the art market which has exhibited a proven market depth with multiple sales channels. What are the next steps after initial evaluation? These 5 Companies Are Betting on Fractional Art Ownership. We Read the Our rates generally range from mid-to-high single digits. The deal is YieldStreet's first corporate acquisition and comes after a -million Series B funding round announced Feb. 26. Or a red flag that this niche isnt as sustainable or profitable as it was once thought to be? Articles or information from third-party media outside of this domain may discuss Yieldstreet or relate to information contained herein, but Yieldstreet does not approve and is not responsible for such content. "Buy paintings if you like looking at them," the researchers concluded. Our acquisition of Athena demonstrates YieldStreets ability to the transaction. Investors must be able to afford the loss of their entire investment. isnewsletter = pagetypeurl.includes("?page_1"); 7 Investors should carefully consider the investment objectives, risks, charges and expenses of the Yieldstreet Prism Fund before investing. direct-to-consumer distribution, to take a traditional capital intensive Pursuing a high net-worth art clientele is an awkward fit for a firm aiming to democratize investment opportunities. a digital wealth management platform, announced that it has acquired Pursuing a high net-worth art clientele is an awkward fit for a firm aiming to democratize investment opportunities. [read more]. This is especially true since statistical and anecdotal evidence suggests that the number of top-tier collectors is not growing by leaps and bounds. Given the supportive market backdrop, any returns above the target range will be split between investors (85%) and Yieldstreet (15%). If so, perhaps the guidance of Soros and newfound synergies with the rest of Yieldstreets business (and client list) can put Athena in a position to capitalize. Athena Art Finance Corp. and its employees do not provide tax, legal or accounting advice. if (prefix == undefined) { Yet Athena has estimated that nearly half of its clients are dealers, suggesting that much of their loan book consists of a small portion of the overall market. investor-first approach, YieldStreets community can build a diversified The TEFAF report found that only eight to 10 percent of the art-secured lending market by value went to gallerists and dealersthree-quarters of whom were borrowing from private banks based on their status as high net-worth individuals, not because their businesses have been deemed worthy of funding. sensitivity: 50, "We need to identify new products," he said, adding that one area for expansion could be private equity. In addition, other financial metrics and calculations shown on the website (including amounts of principal and interest repaid) have not been independently verified or audited and may differ from the actual financial metrics and calculations for any investment, which are contained in the investors portfolios. leverage our technology, proprietary origination channels and efficient c = c.substring(1); + 'Thank you for subscribing!' return o; d.setTime(d.getTime() + (expMinutes*60*1000)); ctx.submit($form, onSuccess); In its inaugural report on art-world financing last spring, (TEFAF) found that loans to independent collectors account for as much as, of the estimated $20 billion art-finance market, . YieldStreet Acquires Athena Art Finance from The Carlyle Group & Co Loan origination fees generally range from 1%- 2%. $('body').append(signup); '