Olive Tree Launches Tech Debt Marketplace to Streamline Commercial Real Estate Lending

NEW YORK–(BUSINESS WIRE) –TrueRate, a debt investment marketplace that optimizes the commercial real estate lending experience by creating true real-time markets, today announced its public launch. With a number of major lenders in the United States as partners on the platform, TrueRate creates active, independent asset class markets for bridge loans, agency loans and other sources of institutional debt, 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, a subsidiary of national multi-family property owner Olive Tree Holdings.

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

“Commercial real estate loans are ripe for innovation and TrueRate brings much needed transparency to the debt procurement process,” said Gorczycki. “I am passionate about this technology and sincerely believe it has the potential to change the way we deal with commercial mortgages and create a much better process at a time when borrowers need to be as efficient as possible.”

Gorczycki, who has negotiated 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 of Savills US, for 15 years. During Gorczycki’s tenure, he was respectively Managing Director, Partner and Head of the Debt Group. Showcasing Gorczycki’s diverse background, Gorczycki negotiated a $ 44.8 million HUD loan on Piedmont in Raleigh, North Carolina; a $ 195 million loan for an office building in Boston, Massachusetts; a $ 170 million loan at a shopping center in Cincinnati, Ohio; and the largest ever loan at the marina – $ 218 million for three assets in Florida.

“Dan’s extensive experience and connections will allow us to pursue our goal of making TrueRate a household name in the real estate finance industry,” said Ian Bel, CEO of Olive Tree. “Dan’s extensive industrial relations network and senior presence only strengthens our ability to provide our customers with the best possible service. TrueRate has been extremely well received by the market, and Dan will be crucial in strengthening his place as a disruptor in the mortgage brokerage world. ”

About TrueRate

TrueRate is a debt investment marketplace for commercial real estate loans. TrueRate’s intuitive platform creates robust markets for borrowers and lenders in real time by leveraging big data and in-depth industry expertise to facilitate a more efficient, transparent and competitive bidding process which results in optimal loan conditions. Founded in 2020, TrueRate is backed by Olive Tree Ventures, a subsidiary of national multi-family property owner Olive Tree Holdings. For more information visit: www.truerateservices.com/

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About Robert Valdivia

Robert Valdivia

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