MORE COLLECTING. LESS WAITING.
With us, things happen fast. Instead of waiting for expensive collection attorneys to return a small portion of your unpaid dues, LM Funding gives funds directly to your association – immediate capital that allows you to pay bills and operate your business without getting involved in the hassles of collection. LM Funding will even guaranty your association will receive its budgeted revenues on a current basis going forward. We will also work with your association’s lender to guaranty payment of your loan.
Rather than charging for our time as collection attorneys do, LM Funding earns its money by aggressively managing the collection process for you, and only when purchased delinquent accounts are successfully collected. You give us the right to collect the debt, and we manage that process so you don’t have to. However, we are not a law firm or a collection agency. To collect the money you’re owed, we employ law firms that specialize in collection and works directly for you.
Your association pays nothing out of pocket to LM Funding, and we pay all legal fees and costs on behalf of the Association. You never pay anything. Period! Moreover, LM Funding assumes all risks associated with collecting delinquent assessments. Even in the unusual event we were somehow unsuccessful in collecting the delinquent assessments, your association will never have a legal bill and the association gets to keep all of the money.