About Lux Exchange
Who We Are
Lux Exchange provides capital to individuals and businesses in exchange for luxury assets that we either purchase or hold as loan collateral. We are a leader in the fast-growing online alternative lending market, with over 6 years of experience helping to meet our clients’ cash-flow needs driven by life’s moments of transition and unexpected events, making aspirational purchases, or running a small business. Lux Exchange provides cash in amounts ranging from $2,500 to $5,000,000 or more, in exchange for fine watches, jewelry and various other luxury items that are high in value but low in liquidity.
Our online process is straightforward and discreet, allowing clients to obtain financing quickly, conveniently, and privately. Unlike traditional financing vehicles such as business or home equity lines of credit, our process requires little paperwork, no credit checks, no application or administration fees, and no waiting period. Most importantly, it provides clients with the alternative to retain control of a luxury asset by simply using it to collateralize a loan or liquidate it completely by selling it outright to the Lux Exchange.
In either case, the process is fair, transparent and secure, with the Lux Exchange’s evaluation, financing and client services team there to ensure that the experience our clients have makes Lux Exchange an enduring and ideal financial partner.
What We Do
The Lux Exchange provides capital to individuals and businesses in exchange for luxury assets that we either purchase or hold as loan collateral. Transactions can be executed in as little as one business day and generally support individuals or businesses in a range of situations requiring immediate financings, such as moments of transition, small business needs, aspirational purchases and large, unexpected expenses.
Meet The Team
Dewey Burke – President and Chief Executive Officer
Dewey Burke is President and CEO of Luxury Asset Capital, which operates Pawngo and The Lux Exchange. Dewey is responsible for setting the strategic direction of the company and overseeing its operations, growth and development. He has been involved in the alternative finance market for over 7 years, in areas including collateralized lending, impact investing and private equity. Dewey graduated in 2007 from the University of North Carolina at Chapel Hill and holds a BA in Management with a second major in Economics. As a student-athlete at UNC, he played Men’s Basketball for Hall of Fame Coach Roy Williams.
Richard Shults – Chief Underwriter
Richard is the Chief Underwriter at Pawngo and is a Graduate Gemologist, certified by the Gemological Institute of America (GIA). Rich is in charge of all asset appraisals, loan decisions and sales directives of the Company. Rich was the staff gemologist for Len Larson Jewelers, a Denver based company specializing in fine custom jewelry, estate and antique jewelry, fine and rare natural gemstones, Rolexes and other fine timepieces. He has over 25 years of experience in the fine jewelry and luxury asset appraisal.