Frequently Asked Questions

Money360 is not a bank or a lender, it is a peer-to-peer marketplace matching Borrowers with private real estate Lenders.  Through Money360's proprietary LoanMatch technology, Borrowers and Lenders are matched based on the details of the specific loan request of the Borrower and the lending criteria of the Lender.    

It is FREE to submit a loan request.  The loan terms and costs offered by matching Lenders will depend on the matches found and the characteristics of your loan request.  The matched Lenders will share with you directly the costs and terms of the loans they offer.  You are under no obligation to proceed in getting a loan with any of the Lenders.

Banks do not provide the financing they did a few years ago, leaving many borrowers unable to purchase homes, commercial properties or refinance their existing loans.  There are private lenders, including many wealthy individuals, that are willing to make real estate loans that make sense. Traditionally, you would have to go through "hard money" loan brokers and pay outrageous upfront fees to access private money lenders.  Not any more!  Money360's proprietary LOANMATCH technology helps you find lenders that are looking to provide real estate financing that matches your specific needs, and then forces them to compete with other Lenders to ensure you get the best possible terms. The "matching" concept allows you to avoid wasting your time and get directly matched to legitimate private lenders.   

You enter your residential or commercial loan request.  Using Money360's LoanMatch technology, you are matched with private Lenders based on your requested terms and the Lender's specified criteria.

The private Lenders registered on Money360 have indicated the types of loans that they are willing to make.  The Lender criteria ranges considerably between Lenders.  The types of loans include residential loans and commercial loans, as well as first and second trust deeds.  The loan amounts range from $25,000 to $10 million.

The Lenders registered on Money360 have specified the terms and rates around which they are willing to lend.  The Lender criteria ranges considerably between Lenders.  The loan terms range from 1-30 years, desired loan-to-values (LTV) are typicaly between 50-80% and interest rates typically range between 8-12%.  

You may be matched with up to three private Lenders that will compete for your business.  Based on the matched Lenders found through Money360's proprietary LoanMatch system, the closest matches will be given the opportunity to purchase your loan request for a small fee.  If matched to multiple lenders, you will have the opportunity to compare the offers presented and proceed with the best offer.

No.  Good credit is helpful, but certainly not a necesity.  In fact, many Borrowers pursue private real estate loans because they cannot get a bank loan due to credit challenges.  The majority of private real estate Lenders are much more focused on the value of the property than on the Borrower's credit history. 

The minimum loan size is $25,000 and the maximum loan size is $10,000,000.  

Private lenders are individuals, private lending companies, private equity funds or other groups that invest in real estate and real estate financing. These lenders prefer to lend on specific types of properties and in certain areas of the country.  Money360's propriety LOANMATCH technology is able to match the private lender's requirements to your loan request to get you connected with your best possible options.

It is FREE to register as a Lender.  You do not pay anything until you are shown a loan request match that you choose to purchase.

Private real estate Lenders register at Money360 and enter the specific loan criteria and preferences under which they are willing to lend.  Borrowers enter their residential or commercial loan requests at Money360, specifying their personal, property and current loan details, as well as their new loan request preferences.  Borrowers and Lenders are matched through Money360's propietary LoanMatch technology.  Matched Lenders are presented the matching loan requests (with names, contact information and addresses hidden)and are given the opportunity to review the lending opportunities and purchase the matching loan requests.  Lenders and Borrowers work directly together to finalize the terms and close the loans.

After registering, Lenders are provided a customized Money360 log-in page where they can review all matching loan requests.  Lenders can log-in to review matching loan requests at any time, and can elect to be notified via email when a new match has been posted.

If you are shown a loan match and desire to proceed, you purchase the loan request ($29) and contact the Borrower to proceed.  You will need to purchase the loan request in order to see the Borrower's name, contact information and exact address.

The same loan request may be shown to multiple matching lenders.  However, the loan request may only be purchased by 1-3 Lenders.

Money360's model is unique because Money360's proprietary LoanMatch technology finds the most ideal matches between Lenders and Borrowers.  Additionally, Lenders can register for free and review matching loan requests at no cost, only proceeding with the matching loan requests that they choose to purchase.

Start the registration process on the home page and complete the details regarding your lending criteria and loan preferences.  Once registered, you will begin seeing loan requests that match your criteria.

Many believe that we have entered one of the best times to invest in real estate in our lifetimes.  However, investing in real estate and managing properties can be time consuming and challenging, especially without economies of scale.  Making private real estate loans with sufficient equity can be an easier and more secure way to invest in real estate without taking on the direct responsibility of ownership.  Money360 offers robust matching through our proprietary LoanMatch technology that allows you to specify your preferences across multiple criteria so that we can find real estate lending opportunities that match your specific interests.  In today's credit environment, the opportunities to make good loans are significant as banks are turning down many good loans because they are not in a position to make new loans or the loans do not fit within their narrow guidelines.

It depends.  The laws vary between commercial loans and residential loans, and based on whether you are just discussing the opportunity or actually extending an offer to lend or quoting rates and terms.  At the point that you make an offer to lend to a residential borrower, you will need to provide a Good Faith Estimate, Truth-in-Lending and other disclosures required by law.

Licensing requirements to make private real estate loans vary state to state and are different for commercial and residential loans.  You should check with your state to see if there are licensing requirements for the loans you would like to make.  If needed, you may seek the services of a licensed real estate or mortgage professional to facilitate your private loan.