High Rise Financial recently secured a $50 million line of credit from U.S. investment bank Bryant Park Capital, LLC to help their growing customer list with lawsuit funding before the settlements happen.
BROOKLYN, NY, October 04, 2022 /24-7PressRelease/ — High Rise Financial, a reputable lawsuit funding company, is pleased to announce that the company has secured a $50 million line of credit from Bryant Park Capital, LLC. High Rise Financial will use the financing to provide more clients with pending cases with the immediate funds they need. Plaintiffs who receive the legal funding can use the cash advance to meet their various financial obligations and needs before their case settles. With inflation and needs for economic support increasing, demand for pre settlement funding has also gone up.
High Rise Financial has recently experienced a spike in business inquiries, presumably due to the current economic challenges, high gas prices, and inflation. The company wants to ensure that there are enough funds and resources to assist these clients with pending lawsuits as they look for more help. With the recently secured line of credit, the company can better help plaintiffs and injury victims going through financial instability who are in need of cash advances before their cases conclude.
In an official statement, the company said that the money for the bank would help meet the increasing demands for settlement funding by claimants with pending lawsuits in various states across the country. Moreover, the pending recession, inflation, and rise in the cost of living may likely hit plaintiffs with pending lawsuits even harder. While these claimants await their settlements, High Rise Financial can be the answer to their income gap and existing economic hardship. This is why the new line of credit is so important: High Rise Financial wants to cover its clients when they need it the most. More clients and ever-growing economic instabilities meant the company had to make this happen.
According to a press release on Yahoo Finance announcing the transaction, Michael Berookim, Managing Member, High Rise Financial, said – “We are pleased to announce the new line of credit we recently secured from Bryant Park Capital. BPC remained a valuable partner to our team and worked together with us every step of the way. Their wealth of industry knowledge and specialty finance expertise, funding source relationships, and sound business judgment proved crucial in allowing us to execute a successful transaction. BPC’s support ensured a smooth and efficient process from start to finish. We definitely made the right choice in working with them.”
As the cost of living continues to go up, income and savings are barely enough to cover the financial needs of many households. In fact, those with pending lawsuits now need extra help more than ever. This new line of credit supports High Rise Financial’s goal to help injury victims achieve financial stability and peace of mind. The company can offer more clients the risk-free, non-recourse, pre-settlement funding they need to meet their primary needs, settle bills, get necessary medical treatment, and address other expenses while awaiting their case to settle.
About High Rise Financial
High Rise Financial is a reputable company dedicated to providing legal funding to individuals with pending lawsuits. Founded by Michael Berookim and Mark Berookim in 2016, the company offers affordable, non-recourse lawsuit loans to help plaintiffs meet their basic needs and achieve financial stability while seeking their case settlements. High Rise Financial is based in Los Angeles, CA. For more details, please visit https://www.highriselegalfunding.com/.
If you need financial help while pursuing your injury claims and want to apply for settlement funding, please call (866) 407-6404 or visit the company’s website. Our trusted team will be happy to speak with you and discuss your available lawsuit funding options.
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