What is the difference between Traditional Asset Backed Lending and LuxeStreet? 

The primary difference between traditional asset-backed lending and our repurchase agreement structure is that during the repurchase agreement, the financier takes legal ownership of the asset whereas with more traditional loan products, the financier places a lien against the collateralized asset. The difference becomes very clear in the event of default and insolvency by the borrower: in the case of ABL the financier must overcome costly, lengthy legal process of foreclosure or seek a lift from bankruptcy to recover the asset. With the Repurchase Agreement, the financier incurs none of these costs as the collateral is already held within possession and may be sold immediately to recover principal.