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Fla. Settlement Buyer Closes Financing

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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.


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