Structured Asset Holdings, LLC Announces its First $43.8 Million Fixed Rate Asset Backed Securitization
May 23rd 2015 Posted at Uncategorized
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Ft. Lauderdale, Florida (PRWEB) May 18, 2015
Structured Asset Holdings, LLC announces its issuance of $ 43,793,000 fixed rate asset-backed notes through Structured Asset Funding’s affiliate, Structured Asset Funding Securitization I, LLC. The notes collateralize the Company’s receivables related to court ordered structured settlements payment purchase contracts, resulting from tort, injury, wrongful death or other claims that were originated by Structured Asset Funding, iSettlements, 123 Lump Sum and other affiliate companies and are serviced by Structured Asset Services, LLC.
“This is our very first issuance in the 144A market and we couldn’t be more excited about it,” states Eyal Ardity, Chief Financial Officer of Structured Asset Holdings, LLC. “This transaction represents our trusted and increasing presence with institutional investors as well as our commitment to providing viable financial solutions to our clients.”
The issue consists of one class of placed notes: $ 43,793,000 Class A Series 2015-A Fixed Rate Asset Backed Notes that will pay 3.90%. The notes have an A (DBRS) rating.
“This rating reflects the stability of the asset class and its financial soundness,” says Andrew Savysky, President of the Company. “We have also strengthened our company’s balance sheet. Our customers will benefit from the improved financing and product opportunities that we will offer.”
Deutsche Bank Securities, Inc. was the lead arranger and sole book-runner with Capital One Securities, Inc. acting as co-manager. Wells Fargo Bank, N.A. is the Trustee under the Indenture, the Custodian under the Custodial agreement, and the Backup Servicer for the receivables.
Chief Executive Officer of the Company, Michael Asseff, says that, “This issuance validates the investment grade quality of the structured settlement assets we have originated since our inception over the last 15 years.”
Since 2002, Structured Asset Holdings and its affiliated companies, including 123 Lump Sum, have been helping clients to sell their structured settlements, lottery payments, and insurance annuities for a lump sum of cash. The company’s commitment to customers has helped thousands of people trying to meet their monthly financial obligations as well as those who simply want to live free from the stresses of financial burdens.
About Structured Asset Holdings, LLC, and its affiliated companies
Structured Asset Holdings, LLC mainly conducts business under the brands of 123 Lump Sum, ** Cash, Structured Asset Funding, and Structured Asset Services, LLC. They operate as specialty finance companies that purchase structured settlements and insurance annuities. They are one of the leading purchasers of structured settlements and they strive to make it easier for people who want to make significant changes in their lives by having access to their cash now. Through legal expertise, underwriting, and institutional financing, they are able to assist their customers with making their financial dreams come true. For more information, please visit http://www.structuredassetservices.com.
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