An attorney/executor had an immediate need for cash to support an institutionalized beneficiary and had estate assets that were illiquid and needed time and money to maximize their liquidation value. We provided a one-year $500,000 revolving liquidity loan, secured by all the assets of the estate. This working capital loan secured the institutional care of the beneficiary and provided time for the assets to be marketed and avoid a “fire” sale.
Estate Liquidity Loan – case 1
Published On - November 24, 2017
