Lev, the digital transaction platform for commercial real estate, has launched Lev Match, a marketplace for debt financing. Lev Match has been designed to remove friction from the financing process and deliver faster, better outcomes for borrowers and lenders.
The technology behind Lev Match has been used by Lev’s capital markets team to close more than $2 billion in debt financing and it is now being made available through a first-of-its-kind “self-serve” experience.
“We have spent the last several years building, refining and stress-testing the technology behind Lev Match and I couldn’t be more excited to now be putting the product directly into the hands of borrowers and lenders,” said Yaakov Zar, Lev’s co-founder and CEO. “By creating the first highly scaled digital marketplace for debt financing, we are able to connect borrowers and lenders in a way that will completely transform the CRE financing experience.”
For borrowers, Lev Match provides instant access to lending programs from thousands of national and regional lenders. Borrowers can view detailed profiles that spotlight the best-fit lenders for specific deals and financing requirements. Intuitive templates enable borrowers to build and submit digital deal books and then collect and negotiate term sheets directly within the product.
Outside of transactions, borrowers can use Lev Match to build new lender relationships by harnessing search functionality and an integrated lender communications hub. A digital schedule of real estate owned (SREO) tool helps borrowers manage their existing portfolio and provide deeper transparency to lenders, while insights dashboards help borrowers make smarter investment decisions.
Lenders can manage their profiles and current program availability to help build direct relationships and generate deal flow only from highly curated and qualified borrowers that match their specific lending criteria. Templated digital deal books, supported by borrower profiles and SREOs give lenders instant access to the information they need to inform financing decisions, which helps speed up the overall process and improve certainty of execution for both parties.
To help inform rates and program availability, lenders can use Lev’s tools to access aggregated financing benchmarks. These benchmarks provide a real-time pulse on the financing landscape, ensuring lenders are quoting in-line with the market.
