[BSCI 504]

Hello To all,
I have a hotel owner in Louisiana who is getting money from an insurance settlement and would like a 200k Advance. Hotel is half operational, only the top floors but is still currently generating revenue.
6 to 12 months if at all possible. No real estate as collateral (sorry WBL)
Quick turn time

[golf2014]

I won't help u

[boundbygravity]

We provide settlement funding. Technically speaking, the funding would be secure by reassigning the contract to the lender.

Let me know if I can help.

[boundbygravity]

We provide settlement funding. Technically speaking, the funding would be secure by reassigning the contract to the lender.

Let me know if I can help.

[MCABroker]

What do you mean by settlement funding?? In other words bustout refi???

[John Galt]

Is it viatical or structured you're buying?

[boundbygravity]

Excuse me? No, this isn't a refinance.

Settlement funding is when a lender "purchases" the contract at a discounted price. That discounted price is what the client receives as funding. Then, the lender is reassigned as the beneficiary and receives all future payments on said contract.

[boundbygravity]

We do both but structured is a lot easier for us to work with as pulling money out of a life insurance policy has a high level of variance between insurance companies. The process is much more involved.