Money360 closes out 2016 on a high note

Commercial real estate marketplace lender Money360 finished off 2016 on a high note, by closing a record $35.6 million in commercial real estate loans in December.

A total of five properties in California, Florida and Illinois were financed for terms of between one and two years and all were collateralized with first-lien positions on the properties. They included a three-building industrial complex, seven-building anchored retail property, three-story office building, suburban office property and an office property being re-entitled for multifamily development.

“Money360 continues to gain traction in the marketplace lending industry,” said Founder and CEO Evan Gentry. “Given our current trajectory, we anticipate 2017 to be a banner year with the solid performance of our platform reflecting a heightened demand on the part of both borrowers and investors in the commercial real estate space.”

 

 

Free newsletter signup
Never miss another Bankless Times news story as we send you hand-picked articles every morning
We hate spam. Your email address will not be sold or shared with anyone else. You will only receive our daily newsletter. You can unsubscribe at any time.