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LADERA RANCH, CA—Despite strong investor appetite for US real estate, both domestically and overseas, lenders are being a bit more cautious in their underwriting since they expect values to soften at some point, Money360's CEO Evan Gentry tells GlobeSt.com. The firm closed $143 million in loans in the second quarter, marking its best quarter to date.
Money360 has now closed more than $350 million in total loans and is on pace to close more than $500 million by the end of the year. On average, the company is now closing $50 million in loans each month. We spoke with Gentry about how lenders are viewing CRE financing for the second half of the year and their greatest concerns about the market at this point.
GlobeSt.com: How are lenders' views on CRE financing shifting as we move further into the second half of the year?
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
