New York, New York (PRWEB) November 17, 2011
With almost thirty key person life insurance policies at stake, the client required $ 24 million of premium financing for their corporate owned life insurance. Tapping into their extensive capital markets network, Gracie Point identified an appropriate capital source and worked with all stakeholders to structure and close the loan.
Bob Powell, CLU, President and Chief Executive Officer of Gracie Point explains, ?In a premium finance deal there are many moving parts between the client, the funding source, and the carrier. The client selected Gracie Point to help them refinance this block of loans because of our ability to raise capital as well as our expertise and experience with life insurance and premium financing.?
