to be individuals and partnerships who were often aging Baby Boomers, ratherthan institutions. This notion has affirmed the organization’s confidence innavigating the industry for the past 14 years. Since 2017, JCR Capital’s totalassets under management have expanded 71% to $1.2 billion to date. In thosethree years, the firm has expanded its capital offerings substantially to betterserve its partners and cater to a broader investor set. JCR Capital now offerseight funds and separately managed accounts, up from two capital products in2017. JCR’s current investment preferences are workforce housing, specifically class B and C multifamily housing, industrial, grocery-anchored retail inlower demographic areas, flex office and storage. The firm is committed toworking with Baby Boomer’s next of kin to service properties that often goback into the market for refinancing, recapitalization or a sale.
While some traditional lenders have exited or jammed up operations in responseto new, restrictive regulations in the market, Money360 is a firm geared towardworking with lenders to help them overcome financing challenges and maintaintheir properties and standing in the national ecosystem. Money360 is a directlender in the commercial real estate market specializing in small- to mid-balanceloans ranging from $3 to $30 million. The firm’s business model focuses onworking with borrowers and brokers to create personalized, unique lending solutions that meet the needs of each individual. Money360 focuses on sourcing,underwriting, closing and servicing the mid-balance range of the market leveraging technology to increase the transparency and speed of the lending process.Money360’s bench of seasoned commercial real estate professionals ensures amore customized, integrated and seamless experience for borrowers. CEO EvanGentry and President Gary Bechtel and his team have sought to disrupt the commercial real estate lending industry by offering a new source of non-bank capital to borrowers seeking, efficient, flexible and competitiveloans. The leaders have also carved out a niche for the business by working with the underserved market of borrowers who are lookingfor short term bridge loans on properties in transition. Over the course of the past three years, Money360 has grown exponentially withGentry and Bechtel at the helm of the organization. This growth has been realized both in loan volume as well as growth of the talentpool within the organization. Notable highlights include surpassing $1.8 billion in commercial real estate loans closed since inception,the launch of a community development fund to provide support to underserviced communities throughout the nation, and the launchof their innovative technology platform – My360. The platform is a tool that the firm has introduced in the commercial real estate lendingprocess, offering the ability to track the status of their loan as it progresses, securely upload critical documents and view lender commentary on items received and items needed providing a more reliable process that minimizes the chances for mistakes.
Parkview Financial, a lender that currently manages a debt fund which provides construction financing up toground-up real estate development projects on a national basis, has stepped up to the plate amid increaseddemand from developers to fund projects that may not get approved for funding from banks otherwise. CEOPaul Rahimian leads Parkview. He founded the firm in early 2010 and has since originated hundreds of commercial and residential loans, always plying his trademark hands-on management style. Distinguished fromits competitors by dedicated, in-house finance and accounting professionals, Parkview is widely recognized asa pioneer in the industry, among the first to offer complete integration of loan origination and servicing. Asa private lender of construction financing for all property sectors, if Parkview believes in the underlying assetand is comfortable with the borrower, it will proceed even with potential changes in the market. In 2019,Parkview completed more than $500 million in loans to developers—an increase of $165 million over 2018.Rahimian also led the geographic expansion of the firm’s lending reach from the West to the entire UnitedStates with lending in CA, OR, CO, ID, TX, NJ and FL. In all, the firm provided construction loans on 22projects in 2019 and plans to significantly increase that number in 2020. In addition to its continued growthand expansion throughout the nation as noted above, Parkview has grown year over year over the past threeyears. As the economic cycle continues, there has been an overlying uncertainty in the construction market. Resulting from this, nowmore than ever before banks are being more cautious about projects. They don’t want to take back assets like they did 10 years ago. As aprivate lender, Parkview looks forward to the future with confidence.
Gary Bechtel Evan Gentry
Maren Steinberg Jay Rollins