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Deal volumes are climbing quickly for non-bank and alternative lending sources, thanks to tightening credit standards of banks and the CMBS market. Money360 has recently achieved $1 billion in loans closed since its launch in 2014. The firm expects to achieve $2 billion in loans close—adding an additional $1 billion—next year, illustrating the increasing demand for alternative lending sources for commercial real estate.

“The tightening of credit by banks and the CMBS market has created significant opportunities for non-bank, alternative lenders like Money360,” Evan Gentry, CEO of Money360, tells GlobeSt.com. “We have been particularly successful because of our flexibility and ability to customize lending solutions to meet the needs of our borrowers.  In addition, our team comprises veteran industry underwriters across the U.S. who offer deep expertise in the commercial real estate sector and the communities in which we lend; our borrowers like the collaborative approach we take to underwriting to ensure strong standards and mutually beneficial results.”

Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

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