Has anyone ever heard of or utilized Senior Life Settlements (SLS) used as 100% collateral?

This is what the Client has mapped out utilizing SLS- Do you be;ieve a Bridge Lender or Do you know of a Bridge Lender or Primary Lender who will Participate?

My company is in business to acquirer acqiusitions of profitable companies that are for sale. We are looking at companies with Revenues of 15 to 60 million.

Please Advise

To give you a real answer I need much more info. But to start, are you purchasing a company that deals in life settlements or just using that as additional collateral to reach 100% financing? Second, the amount of financing you could obtain would be based on the tangible assets of the company being purchased. Remember that a banks will go up to 100% loan to cost as long as the loan to value is resonable (65-75% typically).

I am using the SLS to financed the company. But, have to find a bank that is willing to accept the collateral. The owner of the company is real flexible. Tangible assets are cash $1,439,034, Billings receivable $2,677,786, Property and Equipment $831,935, Costs and estimated billings on uncompleted contracts $2,336,647. If you like to write to me at [email protected] I can give more details there. I do thank you for your input.