gary bechtel Gary Bechtel is the presient of Money360.

Direct lender Money360 closed $170 million in commercial loans in July and August, bringing the firm close to closing $500 million in loans so far this year. The My360 communication portal, which launched earlier this year, helped to boost the firm's activity.

The $170 million was the accumulation of six loans ranging in size from $27.5 million to $11.3 million. The largest two loans were a $27.5 million bridge loan for an industrial business park property in Cedar Park, TX; and a $21.4 million bridge loan for a suburban office property in Frisco, TX.

The activity occurred across a wide range of asset classes, illustrating investment demand in all sectors.

 

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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.