On Tuesday, commercial real estate marketplace lending platform, Money260, announced it hired two new directors, David Christensen and Kenneth Wood, to support the increasing demand in the northeast and northwest regions of the U.S.
According to Money360, Christensen has more than 30 years of industry experience in banking/commercial mortgage, and he was previously vice president of Berkadia Commercial Mortgage. He will be based out of San Francisco where he will be spearheading the online lender’s new northwest region. Wood, who has nearly 30 years of industry experience in commercial real estate and previously served in executive management at MC-Five Mile Capital, will be response for the northeast region and will be based in Stamford, Connecticut.
Speaking about the appointment and the platform’s growth, Money360 President, Gary Bechtel, stated:
“We saw tremendous gains in the latter part of 2016, and the momentum continues to mount. David’s and Ken’s impressive credentials, deep understanding of local markets, and extensive industry contacts will help us meet the demands of our growing portfolio, and we’re proud to welcome them to the Money360 team.”
Christensen then shared:
“To join Money360 at the cusp of what will be an exciting period of expansion for the company is an honor. Growth like this is the direct result of adding proven value to clients while delivering superior results.”
Wood added:
“Marketplace lending is revolutionizing the commercial real estate industry by providing borrowers with timely access to the capital they need to keep their investments moving forward. I am eager to be on the cutting edge of this field with Money360, and look forward to being a part of the company’s growth.”