Money360, Inc.

Money360, Inc. is a commercial real estate lending firm specializing in bridge loan solutions ranging from USD 5 mn to USD 30 mn, catering to the financial needs of mortgage bankers, brokers, and property owners in transitional markets. Founded in 2010 by Brett Koelliker, Dan Vetter, and Evan Gentry, Money360, Inc. operates from Ladera Ranch, California, USA.

The company primarily focuses on providing commercial real estate lending solutions and has successfully completed one major deal as of June 15, 2016, during its Series A funding round, raising USD 1 mn. Money360, Inc. specializes in providing commercial real estate lending solutions, primarily focusing on bridge loans ranging from USD 5 mn to USD 30 mn. The core product offerings are designed to address the financial needs of mortgage bankers, brokers, and borrowers, specifically targeting transitional or unstabilized properties across various markets in the United States.

These custom bridge loan solutions are integral for clients looking to finance properties that require immediate capital for stabilization or redevelopment. The company's seasoned deal team collaborates closely with clients to understand their unique needs, ensuring seamless execution and timely closings, thereby facilitating a more efficient and transparent lending experience. Money360 aims to serve clients in diverse geographical markets throughout the United States, thereby catering to a wide range of commercial real estate transactions. The revenue model of Money360 is primarily derived from the interest and fees associated with its bridge loan offerings.

Typical transactions involve the company providing financing to borrowers who require quick access to capital for their real estate projects, which are often time-sensitive. The structure of these transactions includes direct interactions with clients, including mortgage bankers and brokers, who facilitate the loan origination process. By offering bespoke financing solutions that cater to the needs of its clients, Money360 positions itself as a key partner in the commercial real estate sector. The pricing for these services is typically determined based on the specifics of the loan, including the amount borrowed and the terms of repayment, establishing a framework for generating revenue through interest payments from clients engaged in various real estate developments.

In June 2016, Money360, Inc. raised USD 1 mn in Series A funding from an individual investor. The company plans to utilize this funding to enhance its product offerings and expand its reach into new geographic markets. There are discussions to introduce new loan products tailored for specific sectors within commercial real estate, which are expected to be launched within the next 12-18 months.

Furthermore, the company aims to penetrate additional markets across the United States to broaden its footprint and serve a larger client base.