Lev, a commercial real estate digital financing platform, recently announced it launched Lev AI. The platform comprises features that have been deployed across the company’s recently launched marketplace, Lev Match. AI has powered Lev Match’s algorithm since its launch, but these latest features will further accelerate and simplify the financing process for CRE borrowers and lenders.
Borrowers can now leverage Deal Room AI, a new tool that automates digital deal materials creation. Deal Room AI uses a sponsor’s current documents, such as an underwriting model, investment sales memorandum or basic property information and a couple of descriptive sentences, to instantly create a complete set of deal materials. Automating deal material creation allows borrowers to save substantial time and lenders to 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 Lev Co-founder and CEO Yaakov Zar. “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.”
Once 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. If an answer is not found, Ask AI will automatically generate messages that the lender can send to the sponsor.
Lev’s new AI features are being released at a time of rapid growth for Lev Match. The invite-only platform was officially launched in May 2023 and more than 100 top-tier sponsors have joined the platform and are actively launching deals.
Multifamily investor Terra Capital has launched multiple deals through Lev Match, and its CEO Ray Heimann recently commented on closing the first deal through the platform. “Lev Match has taken old, established debt financing workflows and turned them on their head,” Heimann said. “The platform is easy to use, highly effective, and has changed the way we go about financing our deals.”
Lev is a venture-backed digital CRE platform. At the heart of the Lev platform is Lev Match, the industry’s first CRE debt financing marketplace, which uses AI to instantly connect the right lenders with the right borrowers. Founded in 2019, Lev has raised over $100 million in funding from Parker89, Cross River Digital Ventures, NFX, StepStone Group, Canaan Partners, JLL Spark, Animo Ventures and Ludlow Ventures, among others.