Quote Originally Posted by jotucker1983 View Post
Anthony,

I personally wouldn't submit it for a 3rd position, and two, none of my lenders would even go out further than a 2nd position anyway. The lenders doing 3rd and 4th stacks are mostly (from what I can see) newer lenders who are looking to gain any type of market share, doesn't matter if it's profitable, ethical, or what.

Why would a lender even want to be in a 4th, 5th, or 6th position in a financing arrangement lol? Like I said, it makes no sense.
Quote Originally Posted by skideeppow
Strategic and Yellowstone just renewed him.
Why would strategic, a supposed A+ lender give a renewal if they had 5 positions stacked on top of them? The lenders doing 3rd, 4th, etc positions aren't doing it to just gain a market share - they're doing it because there is value in high risk lending. If you or no one else here would submit for a 3rd position, then god bless you, because someone will do it, and they're going to make money off it.