Real Estate Technology

Leading Commercial Real Estate Financing Platform Online Lev Secures $30 Million in Series A Funding

Lev, the leading online commercial real estate finance transaction platform, announced a $30 million Series A investment led by Greenspring, with participation from First American Financial. In addition, existing investors such as NFX, Canaan Partners, JLL Spark, Animo Ventures, and Ludlow Ventures participated in the round. The amount raised is one of the largest in the commercial real estate (CRE) financing space to date, and it will help Lev's mission of assisting CRE investors in obtaining the best financing for their properties by combining the collective knowledge of Lev's expert team with hundreds of millions of data points.

The funds raised will be utilized mainly to expand Lev's team, both at their New York City headquarters, Miami R&D center, and Los Angeles outpost, as well as via remote positions. In addition, continued investments in product development and service expansion will be made. Lev closed about $100 million in loans in its first year of operations in 2020 and is expected to close more than $1 billion in 2021.

Lev is a full-stack transaction platform for the commercial real estate investment lifecycle, from analysis, financing, and closing through monitoring, servicing, and, when the time comes, disposition. Lev products are developed in-house by a team of experts that combine their knowledge of capital markets with cutting-edge technology, processing a huge amount of loan data through custom machine-learning software to manage even the most complicated transactions.
Lev products are developed in-house by a team of experts that combine their knowledge of capital markets with cutting-edge technology, processing a huge amount of loan data through custom machine-learning software to manage even the most complicated transactions.

ABOUT LEV

Lev assists commercial real estate owners and investors in obtaining the best financing possible for their properties. Lev's capital markets experts use machine learning technologies to analyze your portfolio better, find the appropriate lender for each transaction, and close deals fast while keeping clients informed at all times. Lev, founded in 2019 and based in New York City's SoHo area, transacts across all asset types throughout the country.

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