Money360 Milestone: Surpasses $500 Million in Commercial Real Estate Loans Closed; M360 Advisors Hits $300 Million in Assets

Real estate marketplace lender Money360 announced on Wednesday it has surpassed $500 million in commercial real estate loans closed since inception, which includes $357 million in loans closed for 2017. According to Money360, the milestone comes on the heels of other recent successes, including the initiation of a partnership with Ten-X, the nation’s leading online real estate transaction marketplace, in which Money360 works to accelerate commercial real estate transactions for buyers, sellers and brokers by offering pre-approved financing for qualified properties and buyers.

While sharing more details about the latest milestone, Evan Gentry, Money360 founder and CEO, stated:

“Over the past several years, Money360 has become the go-to source for competitive commercial real estate loans by offering speed, efficiency, and transparency to borrowers and investors. As traditional lenders face constraints and uncertainty, we expect to see continued demand for alternative, tech-enabled direct lending in 2018.”

Recent loans closed include:

  • $7.8 million bridge loan for an office property in Evansville, Indiana, brought to Money360 by Benjamin Kadish at Maverick Capital
  • $7.5 million bridge loan for a full-service hotel in Cromwell, Connecticut, brought to Money360 by Rushi Shah at Conlon Capital
  • $6.8 million bridge loan for a nationwide portfolio of Pier 1 retail properties, brought to Money360 by Al Dannatt at Commercial Resource Capital
  • $6.8 million bridge loan for a mixed-use center in Charleston, South Carolina, brought to Money360 by Dominick Scorzo at Ivenhoe Capital Advisors$4.4 million permanent loan for a retail center in Mount Olive, New Jersey, brought to Money360 through our partnership with Ten-X
  • $4 million bridge loan for an office building in Amarillo, Texas, brought to Money360 by Steve States at States Mortgage
  • $3.2 million bridge loan for a retail center in Santa Fe, New Mexico, brought to Money360 by Martin Chera at Express Mortgage

Money360 also announced its affiliate, M360 Advisors (“M360”), surpassed $300 million in assets under management. M360’s fund offerings are notably designed to provide a short duration, high-yield, low-volatility alternative to traditional fixed income investments while providing reasonable liquidity to investors. M360 Advisors President, Dan Vetter, added:

“In this low interest rate environment investors are increasingly interested in M360’s private credit option, which offers strong fixed income returns secured by commercial real estate. Wealth managers are also seeing the value of these investments as they seek new ways to deliver excess returns and to provide stability and diversification to their clients’ portfolios.”

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