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gary bechtel Gary Bechtel

Recently, there has been an increase in activity for non-traditional lending sources. In a survey Money360 took at the recent MBA Conference in San Diego, 41% of brokers reported that between 25% and 50% of their deals are financed through a non-traditional lending source, like a direct lender or marketplace lender. That number is expected to grow: 78% of respondents said that they expect the number of deals financed through a non-bank lender to increase this year. Most brokers said that non-bank lenders are becoming more popular because they simply have more financing ability, while others relayed that these lending sources have a more transparent process. We sat down with Gary Bechtel, president of Orange County-based Money360, to talk about the rise of non-bank lenders and what this means for CRE.

Kelsi Maree Borland

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