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TrueRate Debt Placement Platform Launches into the Marketplace
TrueRate, a debt placement marketplace headquartered in Midtown Manhattan, has launched into the market. It’s 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 multifamily owner/operator Olive Tree Holdings.
TrueRate’s executive team, which has facilitated more than $13 billion in commercial lending transactions, also includes VP of strategy & production Cooper Ramsey, formerly of Greystone; and VP 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.”
