They are asking two things.

One is a stay.

Normal procedure is you would have to put up the full amount of the judgement plus interest to get the stay. $400 million+

The second thing they are asking is to get a stay while only putting $100 million.

Then then say if both the stay and reduced payment will need to be OKed or property would likely need to be sold

This is what they literally say

the absence of a stay on the terms herein outlined, properties would likely need to be sold to raise capital

...

Cash out refinance Loans come to mind

Why would they choose this as opposed to working with a bond company

They are asking two things.

One is a stay.

Normal procedure is you would have to put up the full amount of the judgement plus interest to get the stay. $400 million+

The second thing they are asking is to get a stay while only putting $100 million.

Then then say if both the stay and reduced payment will need to be OKed or property would likely need to be sold

This is what they literally say

the absence of a stay on the terms herein outlined, properties would likely need to be sold to raise capital

Cash out refinance Loans come to mind

Why would they choose this as opposed to working with a bond company