Great American Capital Partners, a wholly-owned subsidiary of B. Riley Financial, entered into an agreement with Eleven James to provide a $20 million senior secured term loan to be used for general corporate purposes to support the company’s continued growth.

“The successful capital raise validates Eleven James’ business model, affirms its commitment to top-notch management, internal systems and controls, and firmly establishes our position as a leader in democratizing access to luxury goods and experiences,” said Randy Brandoff, founder and CEO of Eleven James. “We appreciate the time and effort GACP committed to partnering with us and supporting our business.”

Olivier Reza, chairman of Eleven James, added, “Now that we have secured the requisite financial resources, Eleven James is empowered to realize its vision of becoming the ultimate destination for a new, modern era in luxury experience.”

John Ahn, president of Great American, commented, “We are excited to partner with Eleven James and to play an important role in their continued growth and success.”