Michael Stellrecht has joined GPARENCY, a commission-free commercial mortgage brokerage, as a senior analyst.
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.
In his new frole, 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.
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.