Newswire Agents of Tech

Lev Launches Lev AI

Lev, a digital financing platform for commercial real estate, has launched Lev AI, a set of features rolled out across the company’s recently-launched marketplace, Lev Match. While AI has been powering Lev Match’s algorithm since launch, these new features will further accelerate and simplify the financing process for borrowers and lenders.

Borrowers can now harness Deal Room AI, a first-of-its-kind tool that automates the creation of digital deal materials. Deal Room AI uses a sponsor’s existing documents, from an underwriting model or investment sales memorandum through to basic property information and a couple of descriptive sentences, to instantly create a complete set of deal materials. By automating the creation of deal materials, borrowers save substantial time and lenders receive consistently formatted information, which helps speed up the financing process.

“The most high-quality sponsors want to spend time finding the right deals and executing on their business plans; they don’t want to spend time writing market summaries for lenders to review,” said Yaakov Zar, Lev’s co-founder and CEO. “Deal Room AI takes the data borrowers already have and uses it to instantly create a complete package of materials. It’s a huge time saver and ensures borrowers increase their ability to secure favorable terms.”

After a deal is launched, lenders can use Ask AI to get their deal questions answered instantly. Ask AI uses deal documents and third-party data sources to return answers and supporting materials to lender questions in real-time. In the event that an answer is not found, Ask AI will automatically generate messages that the lender can send to the sponsor.

Lev is a venture-backed digital commercial real estate financing platform. At the heart of the Lev platform is Lev Match, a CRE debt financing marketplace, which uses AI to instantly connect the right lenders with the right borrowers.