Scott Schwartz, Executive Vice President of Woodbridge Structured Funding, LLC announced the formation of a new division specializing in providing capital to structured settlement factoring companies at competitive rates.
Schwartz stated, "Our investors are aggressively seeking high returns investing in Lottery payments and Structured Settlements. Our retail division is unable to meet demand so we decided to offer other Structured Settlement factoring companies the opportunity to share in our very competitive cost of funds."
Factoring structured settlements allows structured settlement recipients to receive immediate tax-free payments of lump sum cash for their future payments. Woodbridge has established a deep network of both institutional and individual investors who acquire these future payments for typical annual yields of 7 to 9%.
Woodbridge Structured Funding, LLC, has seen dramatic growth recently in their investor demand to purchase future lottery payments and structured settlements. The investment option of offering secure insurance backed annuities has become extremely viable in the current investor marketplace. Woodbridge looks to increase the number of annuities available to its investors by opening up the wholesale division to service other structured settlement factoring companies by providing capital from their investors.
Source
Subscribe to:
Comments (Atom)