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12-21-2017, 02:04 PM #1
- Join Date
- Mar 2016
- Posts
- 186
Specialty finance
Who pulls under that name? Anyone?
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12-22-2017, 12:27 AM #2
- Join Date
- May 2017
- Posts
- 350
[QUOTE=mikem;85328]Who pulls under yes.
who is that?Last edited by johndough17; 12-22-2017 at 12:31 AM.
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12-22-2017, 07:57 AM #3
- Join Date
- Feb 2017
- Posts
- 3,429
YES = RCG
There are a few funders at Yellowstone who use Yes as their 2nd position. I had a recent encounter with a merchant who was an internal Yellowstone deal, who Yellowstone brokered the deal to SFS. Another broker was searching for a 2nd position, and called Yellowstone. Turns that that since it was an internal deal at YS already they won't let a 3rd party broker do anything, so they delayed the denial while the funder over there submitted it to his friend at RCG. Eventually Yellowstone denied it themselves, but the merchant got a $10k YES approval for funding emailed directly to them!
What we found out is that particular funder has a relationship with RCG and called them, knowing that the merchant was looking for a 2nd position.
We're in the middle still, but the broker went to Mantis, and is getting $20k. Hopefully signing contracts today.
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