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Olive Tree Launches Tech-Enabled Debt Marketplace to Streamline CRE Lending

May 19, 2021, 08:00 AM
Filed Under: Real Estate

TrueRate, a debt placement marketplace that optimizes the commercial real estate lending experience by creating true markets in real time, announced its public launch into the market. With a number of the top lenders in the United States as partners on the platform, TrueRate creates active, asset-class-agnostic markets for bridge lending, agency lending, and other institutional debt sources, including life insurance companies.

TrueRate is led by industry veteran Dan Gorczycki, a former senior member of Avison Young’s debt and equity team, and is backed by Olive Tree Ventures, an affiliate of national multifamily property owner Olive Tree Holdings.

TrueRate’s executive team, which has facilitated more than $13 billion in transactions during a collective 55 years in the commercial lending industry, also includes Vice President of Strategy & Production Cooper Ramsey, formerly of Greystone; and Vice President of Debt Capital Markets Peter Waanders, formerly of KeyBank Real Estate Capital.

“Commercial real estate lending is ripe for innovation and TrueRate brings much-needed transparency to the debt sourcing process,” said Gorczycki. “I’m passionate about this technology and truly believe it has the potential to change the way we transact commercial mortgages and create a much better process at a time when borrowers need to be as efficient as possible.”

Gorczycki, who has brokered over $3 billion in transactions alone over his two decades in commercial real estate finance, will oversee the implementation of TrueRate’s growth strategy. Prior to joining Avison Young, Gorczycki worked at Savills Studley, and Granite Partners LLC, predecessor to Savills US, for 15 years. During Gorczycki’s tenure, he was a Managing Director, partner and Head of the Debt Group, respectively. Showcasing the diversity of Gorczycki’s background, Gorczycki has brokered a $44.8-million HUD loan on the Piedmont in Raleigh, North Carolina; a $195-million office building loan in Boston, Massachusetts; a $170-million shopping mall loan in Cincinnati, Ohio; and the largest-ever marina loan — $218-million for three Florida assets.

“Dan’s vast experience and connections will allow us to further our goal of making TrueRate a household name in the real estate finance space,” Olive Tree Chief Executive Officer Ian Bel said. “Dan’s extensive network of industry relationships and senior presence only enhances our ability to provide our clients with the best service possible. TrueRate has been extremely well received by the marketplace, and Dan will be crucial to further its place as a disruptor in the mortgage brokerage world.”

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