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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.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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