How Can an Attorney or Client Get Out of a Bad Funding deal(transaction)?

Let's face it , over time for one reason or another a client has entered into a funding transaction(with daily compounding) which is growing in size($'s) faster than a speeding bullet.!There are a multitude of reasons how your client will get into a "bad deal";i.e. desperation, rushing, not knowing of better lower cost funding......But, there is one sure-fire way to get out...

Bring the deal to a funder such as myself. We will basically reunderwrite the deal, with a view towards paying off the first funder and refinancing the deal at our rates which are 15% every 6 months, no monthly compounding. As part of the transaction the client can request fresh $ as well. The underwriting process is the same as it would be when looking at a new deal(same documentation) but an updated "payoff letter" from the first funder will be part of the submitted documents. Either you can request that or we can.

The monetary savings and benefits to both attorney and client can be enormous; sometimes over the course of a case running into tens or hundreds of thousands of dollars. A case which could never be settled can now be settled!

Just because your client is stuck in an onerous arrangement, don't feel all hope is lost. Call me or email me so we can explore some alternatives to help your client[and you] extricate themselves from a horrible situation.