I have a client who sold his company for $4.8 million over a year ago.

Instead of taking a lump sum for the sale, it is structured as a consulting agreement that goes until 2025. The way that it is structured is he is paid $24k/month for the first 18 months, $40k/month for the next 60 months, and $46k/month for the last 60 months. The current balance is approx $4 million.

The agreement is with an aerospace company that has been in business for over 50 years. The agreement has no requirements. He just collects the payments and sits on the board of directors.

The client is looking to either transfer the payments to someone else and receive a discounted lump sum or borrow against the agreement. Funds will be used for a new business venture.

I realize this is outside the box but any ideas?

Thanks