Athena Art Finance Corp.

Athena Art Finance was formed in 2015 as an institutional asset-based lender against high-value fine art, and, as of April 8, 2019, is a wholly-owned indirect subsidiary of YieldStreet Inc. The Originator focuses on the premium segment of the art market which has exhibited a proven market depth with multiple sales channels. The Originator’s growth to date can be attributed to key art market partnerships and strong borrower relationships. The Originator’s credit underwriting follows a disciplined process that is focused on the borrower, collateral and loan structure. The Originator’s performance reflects the specialized credit and collateral screening policies that address both upfront due diligence and on-going monitoring processes. These processes are supported by internal data analytics developed by the Originator to assist in consistent decision making and efficient review and management of its collateral.

Lending Methodology

The Originator developed underwriting standards that guide its lending activities designed to safeguard its invested capital which may include:

  • Artists with Stable Pricing & Liquidity
  • Targeted Maximum LTV of 50.0%
  • Minimum Loan Amount of $1.0M
  • Appraisal & Condition Reports
  • First Priority Perfected Security Interests
  • US Dollar Denominated
  • Cash Reserves for Interest & Other Expenses
  • Investment Committee Approval

It is important to note that the Originator’s underwriting standards are the framework under which all transactions are reviewed and any proposed deviations or exceptions from these standards may be considered on a selective basis. The Originator’s diligence process is composed of six distinct areas:

  • Loan Request – Understanding the loan’s purpose and use of proceeds while gathering preliminary information
  • Borrower Information – Collecting borrower related information including identification and financial documents
  • KYC & AML Review – Assessing all entities related to the transaction for litigation, sanctions, bankruptcy, etc.
  • Borrower Analysis – Determining the borrower’s creditworthiness through FICO Scores, financials, net worth, etc.
  • Third-Party Guarantees (if applicable) – Reviewing the assets and income of any person(s) listed as a loan guarantor.
  • Collateral Analysis – Evaluating the collateral’s value, condition, location, authenticity, ownership, liquidity, etc.

Portfolio Management

The Originator is responsible for monitoring the loan and collateral immediately following the close of a transaction. This servicing process is performed by the Originator as a form of continuing diligence to ensure the loan and collateral are consistently in compliance with the terms of the transaction. The multi-faceted servicing process includes:

  • Tracking of information, compliance and financial covenants via the Originator’s customer relationship management (CRM) software. The CRM alerts the Originator to all reporting and post-close deliverables.
  • Pre-clearance lists are established for storage companies, shipping companies, appraisers and countries to efficiently address several typical borrower requests over each loan’s term.
  • The transfer or movement of collateral is reviewed prior to consent by the Originator. The review consists of both logistic and legal diligence to ensure the collateral’s protection and the Originator’s perfected senior lien.
  • Amendments and modifications to the loan are coordinated through the related relationship manager to vet the request in accordance with the Originator’s internal lending criteria.
  • A summary presentation of all data points collected is circulated internally and to investors for analysis quarterly.
  • Annual reviews are conducted and include an update of the appraisal and condition report (if applicable) of the collateral. The updated information allows the Originator to identify and address any adverse impacts to the loan’s value or collateral coverage.


Rebecca Fine

Managing Director, Athena Art Finance

For more than 25 years, Ms. Fine has provided legal and business advice to art collectors, galleries, dealers, and financial services clients. Prior to joining Athena in 2015, Ms. Fine was a partner at Schindler Cohen & Hochman LLP, a litigation and art law boutique. Ms. Fine was previously an associate at the law firms of Simpson Thacher & Bartlett LLP and Hale and Dorr, LLP (now Wilmer Hale). Fluent in French and Italian, Ms. Fine has extensive cross-border transactional and litigation experience and has acted as liaison counsel to corporations and ultra-high net worth individuals in many in foreign (multinational) jurisdictions.

Ms. Fine is the Chair of the New York City Bar Association Art Law Subcommittee on Art Finance, Funds and Fiduciaries. A recognized speaker on the topics of art law, finance and business, Ms. Fine has lectured widely to various professional and academic audiences, including Sotheby’s Institute of Art, Christie’s Education, and Cardozo Law School’s Fashion Arts Media Entertainment Law Center. She also sits on the Board of Creative Art Works, a nonprofit that empowers young people in New York City through the visual and multimedia arts. Ms. Fine graduated from Columbia College and received her J.D. from Columbia University School of Law, where she was an editor of the VLA Journal of Law and the Arts.

Maureen Keating

Senior Investment Associate

Maureen joined Athena Art Finance as a Senior Investment Associate in 2021. Prior to joining Athena, Maureen was an Associate at Jefferies Credit Partners, a private credit alternatives group within Jefferies, focusing specifically on the Direct Lending strategy. While at JCP, Maureen took an active role in the underwriting and portfolio management processes, providing financing solutions for private equity backed transactions across all sectors. Maureen graduated from the University of Notre Dame with a B.B.A. in Finance and a second major in Anthropology.

We believe our 10 alternative asset classes, track record across 470+ investments, third party reviews, and history of innovation makes Yieldstreet “The leading platform for private market investing,” as compared to other private market investment platforms.

1 Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All securities involve risk and may result in significant losses.

3 "Annual interest," "Annualized Return" or "Target Returns" represents a projected annual target rate of interest or annualized target return, and not returns or interest actually obtained by fund investors. “Term" represents the estimated term of the investment; the term of the fund is generally at the discretion of the fund’s manager, and may exceed the estimated term by a significant amount of time. Unless otherwise specified on the fund's offering page, target interest or returns are based on an analysis performed by Yieldstreet of the potential inflows and outflows related to the transactions in which the strategy or fund has engaged and/or is anticipated to engage in over the estimated term of the fund. There is no guarantee that targeted interest or returns will be realized or achieved or that an investment will be successful. Actual performance may deviate from these expectations materially, including due to market or economic factors, portfolio management decisions, modelling error, or other reasons.

4 Reflects the annualized distribution rate that is calculated by taking the most recent quarterly distribution approved by the Fund's Board of Directors and dividing it by prior quarter-end NAV and annualizing it. The Fund’s distribution may exceed its earnings. Therefore, a portion of the Fund’s distribution may be a return of the money you originally invested and represent a return of capital to you for tax purposes.

5 Represents the sum of the interest accrued in the statement period plus the interest paid in the statement period.

6 The internal rate of return ("IRR") represents an average net realized IRR with respect to all matured investments, excluding our Short Term Notes program, weighted by the investment size of each individual investment, made by private investment vehicles managed by YieldStreet Management, LLC from July 1, 2015 through and including July 18th, 2022, after deduction of management fees and all other expenses charged to investments.

7 Investors should carefully consider the investment objectives, risks, charges and expenses of the Yieldstreet Alternative Income Fund before investing. The prospectus for the Yieldstreet Alternative Income Fund contains this and other information about the Fund and can be obtained by emailing [email protected] or by referring to www.yieldstreetalternativeincomefund.com. The prospectus should be read carefully before investing in the Fund. Investments in the Fund are not bank deposits (and thus not insured by the FDIC or by any other federal governmental agency) and are not guaranteed by Yieldstreet or any other party.

8 This tool is for informational purposes only. You should not construe any information provided here as investment advice or a recommendation, endorsement or solicitation to buy any securities offered on Yieldstreet. Yieldstreet is not a fiduciary by virtue of any person's use of or access to this tool. The information provided here is of a general nature and does not address the circumstances of any particular individual or entity. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of this information before making any decisions based on such information.

9 Statistics as of the most recent month end.

300 Park Avenue 15th Floor, New York, NY 10022


No communication by YieldStreet Inc. or any of its affiliates (collectively, “Yieldstreet™”), through this website or any other medium, should be construed or is intended to be a recommendation to purchase, sell or hold any security or otherwise to be investment, tax, financial, accounting, legal, regulatory or compliance advice, except for specific investment advice that may be provided by YieldStreet Management, LLC pursuant to a written advisory agreement between such entity and the recipient. Nothing on this website is intended as an offer to extend credit, an offer to purchase or sell securities or a solicitation of any securities transaction.

Any financial projections or returns shown on the website are estimated predictions of performance only, are hypothetical, are not based on actual investment results and are not guarantees of future results. Estimated projections do not represent or guarantee the actual results of any transaction, and no representation is made that any transaction will, or is likely to, achieve results or profits similar to those shown. 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. Any investment information contained herein has been secured from sources that Yieldstreet believes are reliable, but we make no representations or warranties as to the accuracy of such information and accept no liability therefore.

Private placement investments are NOT bank deposits (and thus NOT insured by the FDIC or by any other federal governmental agency), are NOT guaranteed by Yieldstreet or any other party, and MAY lose value. Neither the Securities and Exchange Commission nor any federal or state securities commission or regulatory authority has recommended or approved any investment or the accuracy or completeness of any of the information or materials provided by or through the website. Investors must be able to afford the loss of their entire investment.

Investments in private placements are speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest. Additionally, investors may receive illiquid and/or restricted securities that may be subject to holding period requirements and/or liquidity concerns. Investments in private placements are highly illiquid and those investors who cannot hold an investment for the long term (at least 5-7 years) should not invest.

Alternative investments should only be part of your overall investment portfolio. Further, the alternative investment portion of your portfolio should include a balanced portfolio of different alternative investments.

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. Hyperlinks to third-party sites, or reproduction of third-party articles, do not constitute an approval or endorsement by Yieldstreet of the linked or reproduced content.

Investing in securities (the "Securities") listed on Yieldstreet™ pose risks, including but not limited to credit risk, interest rate risk, and the risk of losing some or all of the money you invest. Before investing you should: (1) conduct your own investigation and analysis; (2) carefully consider the investment and all related charges, expenses, uncertainties and risks, including all uncertainties and risks described in offering materials; and (3) consult with your own investment, tax, financial and legal advisors. Such Securities are only suitable for accredited investors who understand and are willing and able to accept the high risks associated with private investments.

Investing in private placements requires long-term commitments, the ability to afford to lose the entire investment, and low liquidity needs. This website provides preliminary and general information about the Securities and is intended for initial reference purposes only. It does not summarize or compile all the applicable information. This website does not constitute an offer to sell or buy any securities. No offer or sale of any Securities will occur without the delivery of confidential offering materials and related documents. This information contained herein is qualified by and subject to more detailed information in the applicable offering materials. Yieldstreet™ is not registered as a broker-dealer. Yieldstreet™ does not make any representation or warranty to any prospective investor regarding the legality of an investment in any Yieldstreet Securities.

YieldStreet Inc. is the direct owner of Yieldstreet Management, LLC, which is an SEC-registered investment adviser that manages the Yieldstreet funds and provides investment advice to the Yieldstreet funds, and in certain cases, to retail investors. RealCadre LLC is also indirectly owned by Yieldstreet Inc. RealCadre LLC is a broker-dealer registered with the Securities and Exchange Commission (“SEC”) and a member of the Financial Industry Regulatory Authority (“FINRA”) and the Securities Investor Protection Corporation (“SIPC”). Information on all FINRA registered broker-dealers can be found on FINRA’s BrokerCheck. Despite its affiliation with Yieldstreet Management, LLC, RealCadre LLC has no role in the investment advisory services received by YieldStreet clients or the management or distribution of the Yieldstreet funds or other securities offered on our through Yieldstreet and its personnel. RealCadre LLC does not solicit, sell, recommend, or place interests in the Yieldstreet funds.

Yieldstreet is not a bank. Certain services are offered through Synapse Financial Technologies, Inc. and its affiliates (collectively, “Synapse”) as well as certain third-party financial services partners. Synapse is not a bank and is not affiliated with Yieldstreet. Bank accounts are established by Evolve Bank & Trust. Brokerage accounts and cash management programs are provided through Synapse Brokerage LLC (“Synapse Brokerage”), an SEC-registered broker-dealer and member of FINRA and SIPC. Additional information about Synapse Brokerage can be found on FINRA’s BrokerCheck. By participating in a Synapse cash management program, you acknowledge receipt of and accept Synapse’s Terms of Service, Privacy Policy, and the applicable disclosures and agreements available in Synapse’s Disclosure Library.

Investment advisory services are only provided to clients of YieldStreet Management, LLC, an investment advisor registered with the Securities and Exchange Commission, pursuant to a written advisory agreement.

Our site uses a third party service to match browser cookies to your mailing address. We then use another company to send special offers through the mail on our behalf. Our company never receives or stores any of this information and our third parties do not provide or sell this information to any other company or service.

Read full disclosure