LMFA - LM Funding America, Inc.

Company Profile

LM Funding America, Inc. is a specialty finance company. The company is headquartered in Tampa, Florida and currently employs 10 full-time employees. The firm provides funding to nonprofit community associations primarily located in the state of Florida and to nonprofit community associations in the states of Washington and Colorado. The company offers incorporated nonprofit community associations (Associations), a range of financial products customized to each Association's financial needs. Its products include Original Product and New Neighbor Guaranty. Its Original Product offering consists of providing funding to Associations by purchasing their rights under delinquent accounts that are selected by the Associations arising from unpaid Association assessments. The firm offers the New Neighbor Guaranty, wherein an Association assigns its outstanding indebtedness and accruals on its delinquent units to it in exchange for payments in an amount equal to the regular ongoing monthly or quarterly assessments for delinquent units when those amounts would be due to the Association.