February 16, 2017
Ladera Ranch, CA-based Money360 affiliate M360 Advisors completed registration of a CRE debt fund it manages with the South Korea Financial Supervisory Service (FSS). The registration makes the fund one of the only marketplace lending platforms, with an affiliated private debt fund to be sanctioned by the FSS.
South Korean hedge funds, corporations, pension funds, insurance companies and other institutional investors can now participate in the fund. So far, the fund received more than $65 million from a large, traditional financial institution, and anticipates receiving more than $250 million throughout the first half of 2017.
“FSS registration opens M360 Advisors to an entirely new country of institutional investors, which will allow us to substantially increase our assets under management,” said M360 Advisors’ Evan Gentry.
The fund provides a short-duration, high-yield fixed-income investment by investing in bridge loans collateralized by U.S. CRE, secured with a first-priority lien at conservative loan-to-value ratios.
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