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CommLoan Welcomes Mike Garruto as Vice President and Loan Consultant

David Luke By David Luke, Categories CRE News
Mike Garruto joins CommLoan as Vice President and Loan Consultant

CommLoan, the leading CRE lending marketplace known for using technology to connect borrowers to commercial lenders,  announced the hiring of Mike Garruto as Vice President and Loan Consultant to help with the company’s expansion in 2020. Mike brings over 7 years of experience in the commercial real estate loan industry and was handpicked to help facilitate innovation and growth as CommLoan expands its CUPID™ platform across new markets.

Mike’s most recent role prior to CommLoan was as the Transaction Manager at Rialto Mortgage Finance and Ready Capital where he facilitated the closings of over $500 million of CMBS and bridge loans across all major property types. His prior experience includes years as a CMBS Analyst at Standard and Poor’s and Bloomberg.

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In his role at CommLoan, Mike will use his vast experience in every facet of the industry to promote growth with the company’s innovative real estate lending marketplace. The company plans to disrupt the Texas market with traditional real estate and finance models that combine the old with the new using its marketplace platform. CommLoan’s digital proprietary CUPID™ platform was designed to offer clients exceptional concierge service, with a variety of options in a convenient format.

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“We are thrilled to have Mike join the CommLoan team,” John Dorsey, President of CommLoan, remarked on the addition of Garruto to the team. “Mike brings a wealth of experience and a passion for building a company set on disrupting commercial lending.  Additionally, Mike’s years of working with lenders, investors and brokers helps CommLoans aggressive growth plans”.

CommLoans objective of streamlining the debt placement process through technology aligned with my career aspiration of working for a disruptor within commercial real estate. I was immediately drawn to their mission of making the borrowing experience more efficient and client-centric. The collegial atmosphere displayed throughout the interview process was also appealing. Im very thankful for the opportunity to join CommLoan and look forward to building a business which will transform the industry.”

Before his entry into the commercial real estate sector, Mike worked  in fixed income roles focused on credit analysis and client relations. He brings a passion for using technology and new innovations to propel massive growth for companies and individuals. This position offers the ability to help scale a digital platform and product that can propel massive growth for the industry, while offering clients a better way to succeed in their real estate dealings.

Mike received his Master’s in Real Estate Finance from New York University and he earned his Bachelor’s in Finance from the University of Delaware.

About Author

David Luke

David Luke

David was immediately drawn to the CommLoan mission of creating a better borrower experience when joining the firm in 2015. Initially, David helped grow the lenders on the platform by 6X and worked closely with the software team to improve accuracy and efficiency within the loan fulfillment process. David has underwritten and closed more than $2 billion in transactions ranging from bridge to permanent financing across all major capital sources. He appreciates the wealth creation that real estate has to offer and has been self-managing a small portfolio of single and multifamily properties for the last 10 years. David earned a master’s degree in business from W.P. Carey School of Business at ASU and will be completing his CCIM Designation in 2021. Show More...