SOURCE: Structured Asset Funding

Structured Asset Funding

September 08, 2010 17:01 ET

Structured Asset Funding, LLC and 123LumpSum Complete $100 Million Dollar Credit Line With Deutsche Bank to Finance Structured Settlements

HALLANDALE BEACH, FL--(Marketwire - September 8, 2010) -  Specialty finance company, Structured Asset Funding, LLC and 123Lumpsum announced today that it has closed a $100 million dollar line of credit with Deutsche Bank to finance the company's purchase of court-ordered structured settlements. Deutsche Bank is one of the world's largest investment banks employing over 80,000 people and serving 14 million customers in 72 countries. "We welcome Deutsche Bank's involvement in our business and look forward to a long, successful and mutually beneficial financial relationship. The closing of this large financing indicates the faith that such a highly-regarded banking institution has in our services and will allow us the flexibility to continue our commitment of quality service to our customers," says Andrew Savysky, President of Structured Asset Funding and 123 Lumpsum.

As a leading direct funder in the structured settlement purchasing business, this recent transaction extends Structured Asset's ability to provide its customers the best rates for their structured settlement payments. "Deutsche Bank is pleased by the successful closing of this facility. We are impressed by the company's management expertise and operational infrastructure and look forward to a long and rewarding relationship," says Michael Cheng, Director of Deutsche Bank Securities, Inc.

About Structured Asset Funding LLC and 123Lumpsum -- Located in Hallandale Beach, Florida, Structured Asset Funding and 123Lumpsum, leading purchasers of structured settlement payments and annuities, are specialty finance companies that apply institutional financing, underwriting and legal expertise to purchase future cash flows from individuals whose life circumstances have changed suddenly and need immediate cash from their insurance annuities. Structured Asset Funding LLC and 123Lumpsum has helped thousands of individuals receive cash for their payments to meet their immediate financial needs.

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