[mistamca]

Yes SBL from Hartford, James Delices = CEO / We personally would co broker in situations where they were signed up with a boutique we weren't and could get a better deal via their relationships. For example, this deal in question we were able to get 50k paying 10pts as our best option, they got 55k paying 15% from Splash. They took 2% for co-brokering and we took 13%. We made more money working it through them, and we would reach out to Splash after the deal was done if we felt more business could be done with them directly. But if we're funding 1 or 2 deals a month with that funder there's no reason to sign up IMO

This just doesn't seem worth it for $2,150. Don't get me wrong; I co-broker a fair bit both ways but that is because one of the parties does not focus on that product. To your point, it does not take 30 days to fix this issue. Syndication is unacceptable. The funder has entitled profit that they can pay out syndicators if the money is actually frozen. If fraud is not happening, then it is just a rookie operation that had all their eggs in one basket BUT if they are funding still, then all their money is not frozen and they have backup accounts so why can't RTR get paid out?

Bottom line: It does not take 30+ to fix a bank account especially when you are a funder.