The viatical securitization market will spark to life this quarter with a hefty $150 million "senior insurance settlement" transaction from Capital Resource Group One LLC, which intends to launch its version of a death benefits deal in the ABS market just before year-end.

The deal from Capital Resource is structured under Rule 144A, and is separated into two tranches, a seven-year $46 million class, and a nine-year $104 million class. The company lists Pryor, Counts & Co. as the placement agent and 21st Holdings, LLC as the master servicer for the bonds. United Funds LLC is named as both the subservicer and the seller of the senior insurance settlements to Capital Resource.

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