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How the Money360/Ten-X Partnership Will Help CRE

The partnership will speed the transaction process for sellers and buyers, enabling Ten-X customers to obtain bridge loans within two to four weeks and permanent loans within six to eight weeks, Money360's Evan Gentry tells GlobeSt.com.

By Carrie Rossenfeld | carrierossenfeld | Updated on September 12, 2017

Evan Gentry Gentry: “With the property already underwritten, we will then be able to underwrite the buyers quickly and close quickly after they have committed to buy the property.”

IRVINE, CA—The new partnership between Money360 and Ten-X Commercial will speed the transaction process for sellers and buyers, enabling Ten-X customers to obtain bridge loans within two to four weeks and permanent loans within six to eight weeks, Money360′s CEO Evan Gentry tells GlobeSt.com. As we recently reported, online real estate transaction marketplace Ten-X and technology-enabled direct lender Money360 have formed a partnership to offer financing for properties available for sale. The partnership aims to expand the investor pool for commercial properties listed on Ten-X by giving prospective buyers assurance they will be able to procure the necessary financing to fill the deal’s capital stack, while providing sellers and their brokers increased confidence that once terms are agreed upon, buyers will be able to source a loan and close the deal.

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