Business News • MarketWire • Structured Asset Funding, LLC and 123LUMPSUM Secure $40,000,000 Financing Facility |
Structured Asset Funding, LLC and 123LUMPSUM Secure $40,000,000 Financing Facility |
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Structured Asset Funding, LLC and 123LUMPSUM Secure $40,000,000 Financing Facility
HALLANDALE BEACH, FL--(Marketwire - September 10, 2010) - Specialty finance companies Structured Asset Funding and 123LUMPSUM announced today that Wells Fargo Bank, National Association, has extended a $40,000,000 financing facility to them as an approved originator. This transaction adds a third major banking credit facility for Structured Asset Funding, LLC and 123LUMPSUM and their customers. "The addition of this facility will enable us to finance our continued growth and to better serve our customers who need immediate financing to meet their needs," says Michael Asseff, CEO. The facility will be used to acquire court-ordered structured settlements.
View More : http://www.marketwire.com/mw/release.do?id=1317163&sourceType=3
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