The note business is a cash flow business. We buy “paper” secured by real estate, the note we purchase generating monthly payments.
So, what is an Odd Cash Flow? Here are a few examples:
- Personal Injury Settlement
- Medical Malpractice Settlement
- Wrongful Death Lawsuit
- Business Litigation Lawsuit
- Sexual Harassment Lawsuit
- State Lottery Winnings
- TV Game Show Winner
- Hole in One Winner at a Charity Golf Tournament
What do all these situations have in common? A person has been wronged and paid a lot of money, or won a lot of money. The “payor” of these monies is usually an insurance company, public entity or a large corporation with stability and millions or billions in assets. The recipient has a large degree of certainty that he will receive the money awarded.
Typically, attorneys represent the litigants and the settlement may involve very large sums of money. Consequently, the final arrangement may involve periodic payments over time rather than a lump sum payment. What happens if the recipient has a need or desire for cash, what does he do?
He contacts us. We have investors who specialize in negotiating with these entities, allowing the recipient to exchange his periodic payments for a lump sum payment. Call me to discuss your personal situation.