Funding Process

The Litigation Funding Process

Fast Deployment of Capital for Approved Borrowers

Virage Capital Management LP offers a simple, straightforward, and relatively fast litigation funding process. Virage has a target closing of three weeks or less, following the receipt of all due diligence items from potential borrowers.

Virage’s litigation funding process is as follows:

  • Conduct initial intake call
  • Sign mutual non-disclosure agreement (NDA)
  • Submit application for financing, along with supporting documents
  • Receive term sheet
  • Complete due diligence
  • Obtain approval
  • Closing
  • Post-closing process

Favorable Terms for Borrowers

The goal at Virage is to offer business-friendly litigation funding solutions to borrowers. As such, Virage generally offers more favorable terms than traditional banks and lenders. With Virage, there are no prepayment fees — ever. Virage also offers flexible repayment waterfalls and a one-time origination fee for the loan amount/new advances, as well as no mandatory debt servicing and no quarterly or annual interim/maintenance fees.

Virage has deployed over $1.1 billion to its borrowers, and it offers funding in amounts starting from $250,000 and up to amounts in the multi-millions. Virage takes into account the “true cost of money,” such as interest rates, access to funds, fees, and other factors when providing funding solutions to borrowers. Through a sustainable business model and numerous loyal borrowers and repeat business, Virage has become a trusted lender in its space.

Contact Us

Call (713) 714-5355 or Fill out the Form Below

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