Global Financial LLC

Global Financial LLC is a Montana based company that makes up one part of a larger umbrella company called Global Financial Mortgage and Credit. The larger company is split down the middle and serves as two separate companies, Global Financial LLC on the one hand and Global Mortgage and Credit on the other.

The company was formed in 1987 and has retained its status as a private company since its establishment. Managing Member and Chief Financial Officer of Global Financial, Mr. Charlie Byrne has been with the company from inception and has therefore remained one of its key staff members.

Global Financial is in the business of purchasing debt from a variety of debt holders and essentially turning that debt into liquid business capital. The company will purchase debt that is both secured and unsecured. Although it started off buying loans and other debt instruments from the FDIC and the RTC, Global Financial eventually started going straight to the source to buy loans.

It now does business with a variety of companies including but not limited to real estate developers, automobile dealerships, financial institutions and even private individuals. Any company or individual that has in its possession a saleable credit note or loan can trade it in with Global Financial in exchange for cash upfront.

Why Would Businesses Deal With Global Financial?

The benefit of selling longer term debt or even shorter-term but high risk debt to Global Financial at an agreed price is the flexibility of getting money upfront. Global Financial purchases the debt instrument at a discounted price and in return accepts the risk of not collecting on the amount owed. They can therefore be looked at as risk specialist as well as financial professionals because they must first assess the probability of making good on the loan and then assign a price for the debt.

For instance, if an automobile deal has an outstanding note on a car that represents a value of $10,000, Global Financial has to appraise the risk of collecting the money and then apply a discount formula to the principal to account for the fact that the auto dealer will be getting a lump sum payment as opposed to smaller installment payments over time.

The auto dealer wins because they have an injection of capital to carry on with their main business of buying and selling cars and Global Financial also wins because they have added another debt to their portfolio that is worth more than the price that they paid out on it, providing that their collection techniques work.

Global Financial has over 20 years of industry experience under its belt so the chances are it will continue to make profitable debt purchasing decisions.