Money360: allows private real estate lenders to provide mortgage to commercial and residential borrowers

Country: United Statesmoney360
Year: 2010

  • Money360’s proprietary LoanMatch technology directly matches borrowers with the best lenders
  • If a borrower has several offers, he can negotiate with the Lenders to get the lowest mortgage rates

Concept

  • Money360 is a P2P marketplace allowing private real estate lenders and investors to provide mortgage financing directly to commercial and residential borrowers
    • Individual borrowers post real estate loan requests with details, terms and maximum rate
    • Private lenders / debt investors are matched to prescreened loan requests based on numerous factors including property type, location, borrower profile, etc.
    • Minimum investment : $25,000 (up to three Lenders)
    • More than $500 million is currently available to lend through registered private lenders across the nation seeking to make commercial and residential loans

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