Victory Park Capital Provides Senior Secured Credit Facility to Fast Trak Legal Funding
Dec 30, 2013
On December 30, 2013, Victory Park Capital provided a $50,000,000 Senior Secured Credit Facility to Fast Trak Legal Funding (“Fast Trak” or the “Company”), a portfolio company of J. Burke Capital Partners.
Fast Trak provides individuals involved in pending personal injury lawsuits immediate access to capital in exchange for a financial interest in their legal claim (a “Claim investment” or “CI”). CIs can range from as little as $500 up to $125,000 and are non-recourse to the plaintiff. , Fast Trak has invested over $25,000,000 in more than 2,400 individual CIs. VPC funded $16,000,000 at closing to refinance the Company’s current lenders and fund future CI investments.
About Fast Trak Legal Funding
Fast Trak Legal Funding is managed by a team of highly-seasoned, former personal injury attorneys and industry executives who have been providing plaintiffs in pending personal injury lawsuits with immediate access to capital since 2009. Working directly with personal injury attorneys and independent brokers, Fast Trak has become one of the fastest growing companies in the industry. Fast Trak is headquartered in the tri state area with offices in northern New Jersey. For further information, visit: www.ftlegalfunding.com.