Results 1 to 3 of 3
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09-22-2020, 10:22 AM #1
- Join Date
- Mar 2020
- Location
- Florida, USA
- Posts
- 7
Client looking for investment funding for settlement portfolio (5-10M)
Client looking for 5-10M in order to purchase additional legal settlement cases.
He can secure a LOC
Basically ... client has a business where he employs legal representatives that review cases for value, he then purchases these cases from their current counsel at a discounted full claim settlement amount. (they usually sell if they don't want to wait for settlement payout, backlogged, or understaffed, etc)
He then either takes over and finishes the settlement or waits for payout on completed files
Money gets paid directly to his company once settled and he splits settlement with client according to their agreement on a case by case basis.
His success has been tremendous, so he wants to grow business and purchase more files (and possibly employee an additional case attorney)
If there is any compatible LOC, funding product or serious interest he can provide financials.
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09-22-2020, 10:42 AM #2
- Join Date
- Feb 2017
- Posts
- 3,433
So this guy is basically factoring settlements, and wants to re-factor them?
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09-23-2020, 11:08 AM #3
- Join Date
- Apr 2017
- Posts
- 190
Call me at 939-491-1799. Have a proposal for you and your client.
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