Using Senior LIfe Settlements as collateral for a loan
August 3 2009 at 6:13 AM No score for this post
Anonymous (Login paddy76) from IP address 67.175.118.214
I have found some sources that claim to arrange SLS policies as collateral to support the principal 100%. Are there lenders that will accept these as collateral?
Scoring disabled. You must be logged in to score posts.
Re: Using Senior LIfe Settlements as collateral for a loan
No score for this post
August 3 2009, 10:18 AM
HM Ruby seeks to generate superior risk-adjusted returns of 15-25% with zero market correlation, the Partnership intends to take advantage of inefficient pricing in life insurance policies. The Partnership will use the net proceeds (the "proceeds") of this offering to engage in the direct and indirect premium financing of life insurance policies through a variety of techniques. The Partnership's primary business is locating, evaluating and financing life insurance policies. Provided insureds meet specified criteria, the Partnership will offer financing collateralized by a lien on the insurance policy and any entities established to own the policy. At the end of the term of the loan the insured will be obligated to repay the loan, and if unable to, will relinquish all title to the policy, or else the lender will foreclose on the insurance policy and entities owning the policies. The Partnership, at its discretion, may hold the policy or liquidate the policy in the secondary market, depending on several factors, including but not limited to the liquidity in the secondary market place or the actuarial assumptions underlying the policy.
Scoring disabled. You must be logged in to score posts.
Re: Using Senior LIfe Settlements as collateral for a loan
No score for this post
August 3 2009, 6:54 PM
"Our specific proficiency resides in Asset Backed Lending (ABL) Investment Strategies that have historically generated returns uncorrelated to the general direction of the equity and fixed income markets with significantly less volatility."
Click on the link and read.. I can't make it any easier, honestly.
JW
Scoring disabled. You must be logged in to score posts.
tricky but possible, depends on the SLS value and how you document, you can pool them as collateral and have them as a basis for a debt placement, but remember thats how AIG got into some trouble, you can use brokers but frankly why would you, its a shady world, look out for licensed and good reputation firms with a clear track record.
Scoring disabled. You must be logged in to score posts.
Current Topic - Using Senior LIfe Settlements as collateral for a loan
