GPARENCY Hires Bank Credit Analyst Michael Stellrecht
GPARENCY, a commission-free commercial mortgage brokerage, announced that Michael Stellrecht has joined the company as a senior analyst. Stellrecht will use his skills and expertise to review and underwrite commercial mortgages for all property types and ensure a smooth, optimal back-office experience for GPARENCY’s growing client base of general partners (GP’s) and investors.
Stellrecht most recently served as an assistant vice president and credit analyst for M&T Bank, where he was responsible for underwriting complex commercial real estate credit facilities for multifamily, office, industrial, flex, mixed-use, retail, hospitality and single-family properties. He also served as a portfolio manager at Arbor Realty Trust, where he managed and serviced $400 million in commercial real estate loans in nine states. Stellrecht holds a master’s degree in real estate development from the University of Buffalo.
“Our growth has enabled us to bring on some of the most talented people in the commercial real estate industry, and when it comes to analyzing deals, Michael is as good as they come,” said Ira Zlotowitz, founder and CEO of GPARENCY. “As we continue our expansion as a top-tier commercial brokerage, I’m confident that Michael’s experience reviewing virtually every type of commercial asset imaginable will help us achieve our goal of making financing more equitable for new and experienced GP’s and commercial property investors.”
GPARENCY is a membership-based, full-service commercial mortgage brokerage that provides borrowers with access to 3,000+ lenders nationwide. Whereas most commercial brokers charge commissions based on the size of a property deal, GPARENCY clients pay a membership fee of $5,000 per year and a flat fee of $11,000 to finance and close deals, regardless of their size. “GPARENCY has a refreshing approach to the commercial market and I wanted to be a part of it,” Stellrecht said.
“I’m thrilled to not only be joining the company but I look forward to working with the leadership team that is making commercial real estate financing more predictable, transparent and democratic, especially for GP’s and investors looking for the best deal out there.”
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