Structured Asset Funding L.L.C. has closed a $100 million line of credit with Deutsche Bank Securities Inc.
Structured Asset, Hallandale Beach, Fla., a company that does business as 123Lumpsum, will use the line of credit to finance the purchase of court-ordered structured settlements.
The firm buys structured settlement payments and annuities from individuals who need immediate access to cash.
Deutsche Bank Securities is a unit of Deutsche Bank A. G., Frankfurt, Germany.