Money 360

About Money 360

Money 360 is a Ladera Ranch, CA based private money lender providing loans all throughout the US. They offer lending solutions for many different situations and needs, including cash out hard money loans, bridge loans, and commercial loans. Their loan guidelines are versatile, including terms between 1 year and 3 years, rates ranging between 7.75% and 9.75%, and loan amounts ranging from $1,000,000 to $20,000,000 with a maximum LTV of 75%. They provide loans on all of the following types of properties: multi family residences, retail units, offices, apartment buildings, industrial buildings, and storage facilities.

Loan Types Offered: Commercial Hard Money Loans, Refinance / Cash Out Loans, Bridge Loans

Property Types Covered: Multi Family, Retail, Office, Apartment, Industrial, Storage

Areas Served: National

Lending Guidelines for Money 360

Below are the general loan guidelines published on the Money 360 website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Money 360.

Loan Example 1

To facilitate her business, Kirsten must acquire a new building. After being turned down for standard loan from her bank, she obtains a commercial hard money loan from Money 360. The cost of the property is $390,000 and the lending company agrees to fund 70% of the price (the loan-to-value / "LTV"), or $273,000. The other $117,000 will have to be contributed by the borrower when the loan is closed. The loan also specifies a 12 month length, a 14% rate of interest, interest-only payments paid monthly with a final payment at the end of the note (without a pre-payment penalty), and a 3 percent origination charge. By the parameters of this deal, Kirsten will pay origination points of $8,190 when the deal is closed. She will also start making payments of $3,185 / month for the duration of the loan and will pay back the principle amount at the end of the 12 month loan term. Should she decide to re-pay the loan early, she can do so without any additional cost since there isn't a pre-payment penalty attached to the deal.

Loan Example 2

Money 360 makes a private money bridge loan to Luella for a remodeling project in Chicago, IL. The loan dictates the following:

a) A $180,000 sales price, b) a 60% loan to value (LTV), c) a 6 month term, d) a 10% interest rate, and e) a 2% origination fee.

Luella intends to sell the house when the note expires for $261,000. If she achieves this goal, the deal numbers will be the following:

$261,000 sales price
- $108,000 note principle (60% LTV)
- $72,000 down payment (40% on 60% LTV)
- $2,160 origination points (2% of the $108,000 principle amount)
- $5,400 total interest paid (6 months x 10% interest)
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= $73,440 total profit (does not include taxes or rehab costs)

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