Commercial real estate marketplace lender Money360 has added two people to its management team.
Prathit V. Thaker is the new Chief Risk Officer, where he will be responsible for the enterprise risk framework to assess and mitigate credit, market, operations, competitive and regulatory risks.
A graduate of Harvard’s Kennedy School of Government with an MPA in international finance, Mr. Thaker has more than two decades of commercial real estate finance experience, with a focus on the design of credit risk frameworks and underwriting analysis on SBA and complex commercial real estate loans.
Mr. Thaker has held senior positions at Rabobank, Bear Sterns and Lehman Brothers. He founded demand forecast collaboration software startup Trevaly and worked for startup Buildfolio.com, a B2B real estate marketplace. Between 2009 and 2011 he worked for the FDIC.
“Prathit’s proven track record in creating innovative risk frameworks, risk models and assigning risk ratings will improve on the efficiencies of our current underwriting process and thereby help us close more transactions,” Money360 President Gary Bechtel said.
Peter Margolin becomes Midwest Regional Director. The University of Wisconsin-Madison School of Business graduate has two decades of experience at several Midwest firms. He will focus on loan origination.
“Peter’s regional network of contacts, ability to close deals and experience in successfully opening new offices are tremendous advantages for us, and will dramatically help us accelerate our operations in the Midwest,” Mr. Bechtel said.
“Highly experienced commercial real estate experts are the backbone of our team — Prathit and Peter further strengthen it,” said Evan Gentry, CEO and Founder of Money360. “As we scale our operations to tap into the $3 trillion market opportunity in commercial real estate, it is critical that we bring to bear the type of deep experience in complex credit risk, underwriting and business development that Prathit and Peter offer, respectively.”
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