SOURCE: Money360

Money360

September 30, 2014 09:00 ET

Money360 Relaunches Peer-to-Peer (P2P) Marketplace Lending Platform

Pioneering Real Estate Peer-to-Peer Lender Has Relaunched Its Online Marketplace in a Nationwide Expansion With $100+ Million Available to Lend; Money360 Facilitates Online P2P/Marketplace Lending for Commercial Real Estate, Helping Accredited Investors Find Attractive Investment Opportunities and Helping Borrowers Obtain Funding

LADERA RANCH, CA--(Marketwired - Sep 30, 2014) - Money360, Inc. (www.money360.com), the original peer-to-peer (P2P) real estate lending marketplace, has relaunched with a very seasoned team and a brand-new website, enabling accredited investors to fund loans secured by commercial real estate. The company originally launched in 2010 as the first P2P real estate lending platform and crowdfunded a number of real estate-secured investments by matching borrowers with qualified private lenders. The business has been on extended hold awaiting regulations that would allow the company to market to accredited investors online and continue its expansion.

"When Money360 emerged as the original peer-to-peer real estate lending marketplace several years ago, we began a revolution, a movement which is quickly catching hold in the lending market," said Evan Gentry, Founder and CEO of Money360. "Subsequently with relaunching, this year we've installed a very seasoned executive team with significant experience in real estate, lending, investments and technology. With our updated website and new online tools, we are now positioned to match borrowers and lenders around the country in our nationwide expansion and are actively sourcing and closing loans now."

Today, Money360 is taking advantage of a new regulation -- specifically, Title 2 of the Jobs Act -- that allows the company to move forward with advertising private investment opportunities to accredited investors online on Money360.com, and to help borrows obtain the funding they need. While waiting for the regulation to take effect, Money360 has been building its capital and readying the business for its relaunch. The newly launched Money360.com will allow qualified investors to register and complete their loan applications completely on the site.

"We are excited to relaunch our full-service online lending marketplace, which eliminates the overhead and processing costs associated with traditional banking models. Investors are eager to invest their capital in real estate-secured loans, which provide superior risk-adjusted returns to real estate equity and monthly cash-flow distributions," said Dan Vetter, Money360 President. "We are excited to reemerge in commercial real estate P2P lending with the ability to offer a nationwide marketplace."

Money360 loans are funded by investment groups, banks, pension funds, high net worth individuals or other accredited investors. Borrowers are able to obtain competitive rates, flexible terms, and efficient service. Money360 handles all due diligence and underwriting, loan administration, loan servicing and collections on behalf of individual lenders.

The Money360 team has more than 100 years of combined experience in real estate lending and investments. Evan Gentry, co-founder and CEO of Money360, is an entrepreneur and innovator with a strong background in the application of technology to the real estate and lending industries. Gentry is also the Founder and CEO of G8 Capital (www.g8cap.com), a real estate investment firm focused on opportunity-based acquisitions of residential and commercial real estate assets. Prior to G8 Capital, Gentry co-founded MoneyLine Lending Services which revolutionized how many banks originated mortgage loans. Evan has led the origination and acquisition of billions of real estate loans while leading MoneyLine and G8 Capital.

Dan Vetter is the President and Co-Founder of Money360. Prior to joining Money360, Dan worked for PIMCO, the largest bond manager in the world with $2 trillion of assets under management. Dan oversaw $15 billion in managed assets across a wide range of investment strategies, advising institutional clients with respect to their residential and commercial mortgage allocations. Dan, a graduate of Harvard Business School, spent several years on Wall Street in various roles ranging from sell-side equity research to investment banking.

About Money360, Inc.
Money360 (www.money360.com) is the first peer-to-peer (P2P) lending marketplace for real estate loans, matching worthy borrowers with qualified private lenders. Money360 initially launched in California in 2010 and has now relaunched and expanded nationally. Lending opportunities are only available to qualified private lenders. Money360 originates, underwrites, coordinates and services all the loans. Borrowers and lenders can apply at money360.com.

Contact Information

  • Contact:
    Laurie Brooks
    Media Coordinator
    Money360, Inc.
    714-474-3770
    Email Contact