GPARENCY, a proptech solutions provider for commercial real estate owners, just made its entire rolodex of over 3,600 commercial lenders and equity institutional funds public. The new platform, coined Manifest, is a public database of GPARENCY’s contacts that can be searched by name and institution.
“I founded GPARENCY with one goal in mind – to create equitable access to opportunities for commercial real estate owners everywhere,” explained Ira Zlotowitz, Founder and CEO of GPARENCY. “Think about it – access to people is how deals get done and no one in the commercial mortgage industry has ever shared their contacts publicly and free of charge before.”
According to the New Jersey-based proptech, the platform will be constantly updated. Over the next 60 days, improvements will include more advanced filtering to allow users to target searches based on a specific state or property type, as well as partner lending profiles to find the most well-suited lender for each transaction.
In the future, Manifest will also accept deals directly from the search results.
Alongside its Manifest platform, GPARENCY itself is a new player in the commercial real estate proptech market, having just launched in Q4 of 2021 (though its founding dates back to 2020).
Despite it being a younger company, Manifest has seen explosive growth in the past year after raking in an oversubscribed fundraise at $15 million, representing the largest seed round ever in the commercial space.
Just over a week prior to its Manifest platform release, GPARENCY announced the launch of its initial subscription service, the Founding Members program – a nationwide initiative that will give members access to a state-specific GP Concierge who will act as an acquisition rep. Concierges will provide updated and confirmed listings, listing broker information and capital markets intel – all without broker fees, GPARENCY added.
As part of GPARENCY’s “2050Vision”, the founding membership will be capped at an initial 20 founding members in each of the 50 states. Should a GP want the full broker experience, GPARENCY members will never pay more than $16K to close any sized commercial mortgage.
Upon initially demoing the Manifest platform, users can search to see if their lender is in the Manifest directory that will then share a specific contact with their name, phone number and if their status is considered “active.” To gain access to these contacts’ lending profiles and equity investment profiles, users currently need to be in the above Founding Members program.
Services combined, the proptech claims it witnessed production tripling month-over-month in January, GPARENCY’s second full month operating.