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PRODUCTS

LM Funding Products

Condo Pool

LM Funding Classic

For most of our clients, our deal is as simple as this:

  • LM Funding pays the association up to 100% of the “Safe Harbor” amount
    immediately.
  • LM Funding pays legal fees and costs to collect.
  • Association retains recovered assessments and special assessments.
  • LM Funding retains recovered interest and late fees.

Safe Harbor: The amount owed by the home owners’ bank after foreclosing and taking title. (The lessor of 12 months of assessments or 1% of the first mortgage.)

Financial report meeting

Complete Protection Plan

For associations without interest or late fees in their declaration, we can easily accommodate you with our customized deal.  Here is how it works:

  • LM Funding pays the association up to 100% of the “Safe Harbor” amount.
  • LM Funding pays legal fees and costs.
  • At the conclusion of the collection event, the legal fees/funding are recouped first. Every dollar after that is split between LM Funding and the Association.

Safe Harbor: The amount owed by the home owners’ bank after foreclosing and taking title. (The lessor of 12 months of assessments or 1% of the first mortgage.)

LM Funding Classic

For most of our clients, our deal is as simple as this:

  • LM Funding pays the association up to 100% of the “Safe Harbor” amount
    immediately.
  • LM Funding pays legal fees and costs to collect.
  • Association retains recovered assessments and special assessments.
  • LM Funding retains recovered interest and late fees.

Safe Harbor: The amount owed by the home owners’ bank after foreclosing and taking title. (The lessor of 12 months of assessments or 1% of the first mortgage.)

Complete Protection Plan

For associations without interest or late fees in their declaration, we can easily accommodate you with our customized deal.  Here is how it works:

  • LM Funding pays the association up to 100% of the “Safe Harbor” amount.
  • LM Funding pays legal fees and costs.
  • At the conclusion of the collection event, the legal fees/funding are recouped first. Every dollar after that is split between LM Funding and the Association.

Safe Harbor: The amount owed by the home owners’ bank after foreclosing and taking title. (The lessor of 12 months of assessments or 1% of the first mortgage.)