September 20, 2019
California-based Money360 closed roughly $170 million in loans during July and August. This benchmark brings the technology-enabled direct lender’s total closings this year to nearly $500 million.
Money360’s Evan Gentry says, “Just a few months ago, Money360 introduced new technology in the My360 portal to increase the ease of communication between loan applicants and underwriters throughout the loan application process, and I’m so pleased to see the success of this proptech bear out in Money360’s results.”
Recent notable closed loans include:
– $27.5 million bridge loan for an industrial business park property in Cedar Park, TX.
– $21.4 million bridge loan for a suburban office property in Frisco, TX.
– $16.2 million bridge loan for an office-R&D property in San Jose, CA.
Money360 has closed $1.5 billion in loans since inception.
For comments, questions or concerns, please contact Dennis Kaiser