Financing is at the core of commercial real estate (CRE), yet despite its necessity, existing funding systems remain antiquated. Accessing quotes, securing funds, and receiving help from commercial real estate experts can be highly time-consuming due to paper trails and fragmented communication mediums, presenting an opportunity for the industry to have a modernized reboot.
Lev provides an online marketplace for CRE transactions, allowing users to lend or borrow finances with the real-time assistance of real estate experts through a strictly digital medium. The company claims that most funding through the platform can be secured in under 30 days, with transparent fees, and secure data transfer. In 2021, Lev reported that around $1 billion in loans originated on the platform, which is testament to industry confidence in the company.
Whilst the CRE industry is highly saturated with both lenders and borrowers, Lev has recognized the fragmented nature of the industry and tackled it by aggregating lenders, borrowers, and expert advisers within a single unified platform. Furthermore, the company also focuses on listing a wide range of lenders, currently listing over 5,000 varying from local banks to national debt funds.
