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.
What's our process to receive litigation funding?
- 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
- 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.
Contact Us For the Help with the Funding Process
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.