Lev, a company tasked with assisting commercial real estate (CRE) owners and investors secure the financing for their properties, has introduced Lev Lending, a digital end-to-end lending platform. The company said the new platform makes it easier for new and existing property owners to secure the right financing for their specific needs.
“Over the last decade, most industries have been simplified by technology,” Lev founder and CEO Yaakov Zar said in a release. “Finally, these changes are coming to CRE lending. We’re building a platform that not only makes life easier for current investors to get financing, but also simplifies the experience for the lender. It's a win-win for all industry players.”
Lev’s new direct lending arm uses the company’s proprietary artificial intelligence tech and industry expertise to “rewire the entire CRE financing process from quote to close.” According to the release, Lev Lending closed multiple million-dollar loans three times faster than traditional lenders during its soft launch, including deals involving retail properties for companies such as Dollar General and KFC.
Initially, Lev Lending will specialize in permanent, non-recourse loans on single-tenant net lease (NNN) properties.
“Our goal is to become the nexus of all CRE transactions,” Zar said. “Today’s commercial borrowers are demanding fast, digital experiences that mirror consumer processes. They want a Rocket Mortgage for their commercial properties. Whether you’re a borrower using our marketplace for the best deal, or you’re a natural fit for NNN via Lev Lending, we're here with a fast, beautifully-engineered lending experience.”