A consumer litigation finance client (the “Company”) recently closed a new senior structured credit facility of up to $50 million with a leading alternative asset lender and investor focused on specialty finance. The Company is an established pre-settlement legal funder with approximately $35 million in advances funded across 44 states in the form of non-recourse advance to individuals with pending lawsuits, predominately in personal injury cases. Legal advances are a way for plaintiffs with strong personal injury cases to pay for living expenses prior to settlement. These advances enable plaintiffs to negotiate a suitable and fair legal settlement.
Bryant Park Capital (“BPC”) acted as the exclusive financial advisor to the Company and came in at a critical time in their life cycle to guide them through every step of their growth process during the last 1.5 years, culminating in securing the $50 million structured facility.