SOURCE: Money360

Money360

April 12, 2016 11:00 ET

Money360 Continues Corporate Growth With Addition of General Counsel and Loan Development Team

Hires Integral to Supporting Scalability and Increased Loan Production

LADERA RANCH, CA--(Marketwired - April 12, 2016) -  Money360, the leading commercial real estate online marketplace lending platform, today announced the hiring of Alexander Vellandi, a legal expert with nearly 20 years of experience in real estate law, as general counsel. The firm also expanded its lending operations with the addition of John Gaz as director of asset management, David Fay as underwriter, Mira Johnson as loan processor, and Cameron Hall as loan analyst. The new hires are integral to realizing the company's ongoing growth goals and creating operational scalability.

As general counsel and the newest member of the senior leadership team, Vellandi brings significant experience in real estate finance, litigation, employment and general contract law. In his role, Vellandi will be responsible for all legal aspects of Money360's corporate and business operations. Prior to Money360, he served as in-house legal counsel for Sabal Financial Group, L.P., where he advised on corporate, lending and due diligence matters. In addition, Vellandi has held various positions at Triple Net Properties, LLC; Allen, Matkins, Leck, Gamble & Mallory, LLP; and Sheppard, Mullin, Richter & Hampton, LLP. Vellandi earned his Juris Doctorate from the University of California, Los Angeles, and his Bachelor of Arts from the University of California, Irvine.

"As with all the members of our senior team, possessing core real estate expertise was vital, and Alex has spent two decades providing legal counsel in our sector," said Evan Gentry, CEO and founder of Money360. "Part of making our technology offering as easy to use as possible for our investors and borrowers is anticipating and solving the sometimes complex legal parameters surrounding our investment, and Alex will play a key role in navigating those issues on behalf of our clients."

Gaz brings more than 20 years of commercial real estate loan asset management and underwriting experience to his role as director of asset management. Prior to joining Money360, Gaz served as managing director at Gaz & Associates, his commercial real estate consultation firm with specialization in loan due diligence and analysis. He received his Master of Business Administration from the University of California, Irvine, and his Bachelor of Science in small business management and entrepreneurship from the University of Colorado, Boulder.

"John's extensive experience in loan portfolio management, loan workouts, property management and underwriting will improve our ability to evaluate and close quality loans and effectively manage and monitor our growing loan portfolio," said Gary Bechtel, president of Money360.

The addition of Fay, Johnson and Hall will further strengthen Money360's back office operations. Fay, a seasoned veteran of the commercial real estate industry, has significant experience in underwriting and loan origination. Previously serving as senior credit officer at ReadyCap Commercial, he earned a degree in finance from California State University, Fullerton, and a degree in business administration and real estate from Fullerton College.

A banking professional with more than 20 years of experience in commercial loan processing, funding and closing, Johnson will serve as loan processor at Money360. Prior to her current role, she served as a commercial loan closer/funder at ReadyCap Commercial. She earned a Bachelor of Arts in business and economics from the University of Zagreb in Croatia.

Hall brings more than a decade of commercial real estate expertise to his loan analyst role. Most recently, he served as vice president at CBRE where he focused on the sale and leasing of commercial properties. Hall received his Bachelor of Arts in communications from Chapman University.

"Together, David, Mira and Cameron will further accelerate our underwriting capabilities and close higher volumes of deals. Their collective expertise gives our team a big leg up in creating a strong deal pipeline in the marketplace," added Bechtel.

About Money360

Money360 (www.money360.com) is an online marketplace lender, matching commercial real estate borrowers with institutional and accredited private investors nationwide. Money360's team of commercial real estate experts originates, underwrites, and services all the loans. Borrowers and lenders (investors) can apply at www.money360.com.

Contact Information