Gracie Point Secures Funding for a $24 million Premium Finance Loan

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Gracie Point Premium Funding, LLC (“Gracie Point”) secured funding for a $24 million premium finance loan to fund a client’s key person life insurance plan with a highly-rated life insurance carrier. Gracie Point’s insurance and structuring expertise enabled them to bring together all of the transaction parties and ensure that the financing occurred successfully.

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.”

Bruce Lohman, a Senior Managing Director at Houlihan Capital, LLC, states, “Houlihan Capital partnered with Gracie Point to secure the capital for this loan. We have identified substantial additional capital sources and are working with Gracie Point to fund similar transactions.” Houlihan Capital is a specialty investment banking firm advising Gracie Point in obtaining capital for its premium finance business.

Gracie Point offers clients sustainable loan solutions. “We believe that traditional premium finance plays a valuable role in the life insurance market,” states Powell. “Our integrated approach enables us to offer our producers, carriers and borrowers a single coordination source. We have the resources and expertise to manage the financing from start to finish.”

About Gracie Point
Gracie Point is an independent specialty finance company focused on the fully-collateralized, traditional life insurance premium finance market with expertise in loan origination, structuring, and funding. Gracie Point utilizes a sophisticated, capital markets-driven funding technology as well as traditional bank lending platforms to generate broad and diverse capital sources so that it can offer sustainable premium finance loan products.

About Houlihan Capital
Houlihan Capital is a leading strategic financial advisory and investment banking firm with expertise in capital raising, securitizations, private placements, structured credit and other areas. Houlihan Capital has offices in Chicago, New York and Los Angeles.

To learn more, go to http://www.graciepoint.com or contact Larry Ikard at 212-487-5102. For Houlihan, go to http://www.houlihan.com or contact Bruce Lohman at 312-961-3502.

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Larry Ikard
larry.ikard@graciepoint.com
212-487-5111
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