Yield Street Review
Yield Street is a privately held financial service that provides a crowd-funding platform offering various investment opportunities.
The Company
The company was founded in 2015 by the three co-founders, Milind Mehere ( CEO), Michael Weisz ( President) & Dennis Shields ( Chairman). The co-founders wanted to create an online marketplace that links accredited investors investment opportunity and borrowers to an affordable capital. YieldStreet has launched the first specialty finance and alternative lending platform. The Company made the “20 Startups Out To Create A New World Order On Wall Street” in 2015.
Shields has over 20 years of experience in specialty finance, compliance, and risk management experience. He has been the Executive of The Board at Esquire Bank, the specialty finance company, since early 2000. Michael Weisz is founder and president of Yield Street, as well as, chief investment officer of Soli Capitol. Milind Mehere is, not only CEO of Yield Street, he is also the co-founder of Yodle. Mehere has over 15 years of experience in business, marketing, client services and various other business related areas.
The Product
It is completely free to open an account on Yield Street. All you have to do is create an account, build a portfolio by providing requested information and start investing. The minimum investment is $5 thousand with offerings of 1-3 year durations with target yields of 8-12% targeted returns.
Yield Street does all of the hard work for the investors in 6 easy steps:
- Lead Screening
- Investment Screening
- Originator Due Diligence
- Opportunity Due Diligence
- Credit Committee
- Upload To Platform
All of the information acquired through these 6 steps will be taken into consideration and then used to build your portfolio. It is really easy to track your investments and earnings through Yield Street.
An Accredited Investor is connected to asset-based opportunities according to best-in-class. Investing Family Offices and Individuals with a high net worth value will be connected to opportunities sponsored by specialists with experience in alternative investments. So whatever type of investment you are trying to make there is someone there to help walk you through it all.
The Opportunity
The opportunity is obvious. This simple way of investing not only provides an opportunity for investors to make money, but it also provides an opportunity for borrowers as well. Going to a bank for a loan or to invest can be difficult, tedious and frustrating to say the least. Yield Street has simplified borrowing and investing options.
There are no restrictions to how much or how often you would like to invest, as long as you are approved. The percentage rate for investors is fairly high which means there will be a hefty turn-around on every investment. Investors are also ensured that they will get their money in one way or another.
The opportunity to make money or pay off debt is designed to be easily understood and simple to use. You can track all of your financial situations with Yield Street by signing in and checking your account.
The Verdict
Yield Street is definitely a one of its kind in the industry today. There are a couple of other companies that have surfaced after the release of Yield Street. The company has some of the greatest reviews from real users and has been mentioned by Business Insider, The Wall Street Journal, Fortune, and Siliconindia; all of the articles had great things to say about the company.
Yield Street was founded by some of the most skilled and experienced guys out there. Together the 3 of them have over 3 decades worth of experience in investing, business, specialty investments and so much more. The knowledge, experience and skills of the founders alone gives Yield Street an awesome rating.
For investors and borrowers alike this company gets an A+ rating for the amount of experience, the idea concept, originality and a proven system that works and is proving itself to be successful in all aspects. From the outstanding quality of service to the high percentage rates on investments, the company is definitely worth taking the time to check out if you are considering making an investment, or are in need of financial support.
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