Executive comes from Freddie Mac
GPARENCY, Ira Zlotowitz’s new commercial real estate business, has named Ben Schweitzer (pictured) as chief product officer and co-founder.
The seasoned mortgage executive comes to GPARENCY after 13 years at Freddie Mac, where he held leadership positions in underwriting and technology. During his tenure at the GSE, Schweitzer co-created the small balance loan program and founded the multifamily innovation lab.
“Ben has distinguished himself for more than a decade delivering products and programs to the commercial real estate market - his skillset perfectly complements GPARENCY’s unique mission,” said Zlotowitz.
Read more: “We could dominate the space and touch 80% of every mortgage”
In his new role, Schweitzer will lead GPARENCY’s efforts to streamline commercial real estate banking. The firm, which bypasses brokers to connect borrowers directly to banks, claims to have raised $15 million in venture capital before it officially launched last month.
“While this new service empowers commercial real estate owners to go directly for financing with the help of a credit team and lending relationship managers for just $5,000, over the next year, Ben will combine our transformative model, world-class people and best-in-class technology to empower owners to an even greater degree,” Zlotowitz said.
