On May 16, Money360 announced that it closed more than $45 million in loans in April. The leading commercial real estate marketplace lending platform is led by founder and CEO Evan Gentry. This record-breaking month for the company brings its total production to over $250 million in closed loans, with an expected $500 million in transactions by the end of the year.
“This is a record-breaking month for our company,” said Gentry in a press release. “The volume of deals we’ve experienced in just one month, coupled with our company growth, sets a strong precedent for the rest of 2017, and we’re committed to maintaining high standards for our expansive base of investors and borrowers in the U.S. and around the world.”
The news follows several major milestones for Money360, including industry leader and Prosper Marketplace president Ron Suber joining the company as an investor and strategic advisor and one of the company’s funds being successfully registered with the South Korea Financial Supervisory Service.
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