Money360, a commercial real estate online marketplace lending platform, announced this week that it has appointed Alexander Vellandi as its general counsel, John Gaz as director of asset management, David Fay as underwriter, Mira Johnson as loan processor, and Cameron Hall as loan analyst.
The company revealed that Vellandi will be responsible for all legal aspects of Money360’s corporate and business operations. Prior to Money360, he served as in-house legal counsel for Sabal Financial Group, L.P., where he advised on corporate, lending and due diligence matters. He has also held positions at Triple Net Properties, LLC; Allen, Matkins, Leck, Gamble & Mallory, LLP; and Sheppard, Mullin, Richter & Hampton, LLP.
Evan Gentry, CEO and founder of Money360, stated:
“As with all the members of our senior team, possessing core real estate expertise was vital, and Alex has spent two decades providing legal counsel in our sector. Part of making our technology offering as easy to use as possible for our investors and borrowers is anticipating and solving the sometimes complex legal parameters surrounding our investment, and Alex will play a key role in navigating those issues on behalf of our clients.”
The company also shared that Gaz brings more than 20 years of commercial real estate loan asset management and underwriting experience to his role as director of asset management. Prior to joining Money360, He served as managing director at Gaz & Associates, his commercial real estate consultation firm with specialization in loan due diligence and analysis.
Gary Bechtel, president of Money360, commented:
“John’s extensive experience in loan portfolio management, loan workouts, property management and underwriting will improve our ability to evaluate and close quality loans and effectively manage and monitor our growing loan portfolio.”
In regards to Fay, Johnson and Hall, the company noted that the appointments will further strengthen its back office operations. Fay experience in underwriting and loan origination, Johnson has 20 years of experience in commercial loan processing, and Hall brings more than a decade of commercial real estate expertise to his loan analyst role.
Bechtel added:
“Together, David, Mira and Cameron will further accelerate our underwriting capabilities and close higher volumes of deals. Their collective expertise gives our team a big leg up in creating a strong deal pipeline in the marketplace.”