NEW YORK, February 8, 2022 /PRNewswire/ — Lev threw Lev readythe world’s first end-to-end digital lending platform for commercial real estate (CRE), to transform the industry’s notoriously complex lending process into a stunningly beautiful digital experience.
Lev Lending is the new direct lending arm of Lev, the CRE financing platform that started nearly $1 billion loans through its marketplace in 2021. Lev brings speed and transparency to CRE funding by streamlining the application process with transaction management and automation tools for borrowers and brokers, as well as powerful funding technologies and Closing. Borrowers are automatically matched with the right lender via an intuitive interface.
Lev Lending uses Lev’s proprietary artificial intelligence technology and deep industry expertise to rewire the entire CRE financing process from quote to close. The platform will initially specialize in permanent non-recourse loans on single tenant net leasehold (NNN) properties. During its soft launch period, Lev Lending closed multiple million dollar loans on commercial properties such as Dollar General and KFC in as little as 30 days, up to 3x faster than lenders traditional.
“Over the past decade, most industries have been simplified by technology. Finally, these changes are coming to CRE lending,” said Yaakov Zar, founder and CEO of Lev. “We are building a platform that not only makes it easier for current investors to obtain financing, but also simplifies the experience for the lender. It’s a win-win situation for everyone in the industry.”
Lev’s technology infrastructure enables the company to scale its business nationwide and support all types of assets. By automating manual tasks, it has changed the way originators, executors and brokers provide support to their clients. Thanks to this differentiated experience, the company has been multiplied by 10 in 2021, its second year of activity.
“Our goal is to become the nexus for all CRE transactions. Today’s commercial borrowers demand fast digital experiences that mirror consumer processes. They want a Rocket Mortgage for their commercial properties. Whether you are a borrower using our market for the best deal, or you’re a natural fit for NNN through Lev Lending, we’re here with a fast and beautifully designed lending experience,” Zar said.
Lev is the commercial real estate finance platform providing fast and transparent access to capital from the world’s leading financial institutions. having closed $1 billion in CRE mortgages in 2021, Lev grew 10x year-over-year through its proprietary approach to CRE financing, including the industry’s only API. Founded in 2019, Lev raised $40 million from StepStone Group, First American Title, NFX, Canaan Partners, JLL Spark, Animo Ventures, and Ludlow Ventures, among others. For more information, visit levcapital.com.
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