Fort Lauderdale, FL, August 14, 2015 – Liberty Settlement Funding, a leading purchaser of structured settlement and annuity payment rights, is pleased to announce that it has recently closed on $100 million dollars of secured financing.
The new capital will be used to support various business units including both the structured settlement and lottery divisions.
Jim McCabe, Chief Executive Officer at Liberty Settlement Funding, commented, “We are very pleased to have secured this financing and look forward to using it to expand our current operations. Our customers use their money for a variety of reasons: to buy houses and make home improvements, pay off high interest debts, make smart investments, and build new lives for themselves. With this financing, we will be able to help even more individuals achieve their financial goals.”
Marc Hermes, President of Liberty Settlement Funding, commented, “This financing will allow us to continue to grow and expand. We will now have access to resources that will help improve our overall customer experience and allow us to explore new ways to find financial solutions for our clients.”
Liberty Settlement Funding is a specialty finance company that purchases structured settlements, annuities, and lottery winnings in the secondary market. Headquartered in Fort Lauderdale, Liberty applies its unique underwriting expertise, best in class customer service and robust financial resources to provide its customers with the financial freedom they eagerly seek. With over 100 years of collective industry experience, Liberty is an industry leader in tailoring financial solutions to its customers’ needs while also expanding its suite of financial products.