Delta’s experience offering traditional equity-based litigation funding solutions led to the development of credit-based financing solutions for litigants and attorneys that desire, require, or would be better served by a credit-oriented product. As such, Delta offers an array of litigation finance credit solutions through its Delta Credit Solutions (“DCS”) division.
DCS provides loans secured only (or primarily) by litigation or arbitration claims, judgments and awards, or estimated asset recovery proceeds. Companies, law firms, and individuals who are seeking a consistent source of working capital on favorable terms may use loans provided by DCS to fund litigation or arbitration, cover operating expenses or overhead, expand their business, make other investments, or de-risk their exposure.
DCS combines the credit underwriting process, capacity, and cost of capital of a traditional lender, with the flexibility and due-diligence expertise of a litigation funder to deliver optimum, customized financing solutions. The cost of such loans usually compares very favorably to traditional lending on a risk-adjusted basis.
Products offered through DCS include: recourse financing for claimants, law firms, or other professional service firms; non-recourse portfolio financing for larger portfolios of diverse pre- and/or post-settlement claims, judgments and/or awards; non-recourse financing for the enforcement of court judgments and arbitration awards that have already been rendered, but which may be in appeal, in collections, or otherwise time delayed; non-recourse capital facilities for law firms and professional service firms; and non-recourse financing in a senior priority credit tranche of an otherwise equity-based litigation finance investment.