Fintech start-up Lev has officially launched its direct commercial real estate (CRE) lending arm, Lev Lending.
In a statement, the company described Lev Lending as an AI-powered financing platform that automatically matches borrowers with CRE lenders. The platform will initially specialize in permanent, non-recourse loans on single-tenant net lease (NNN) properties but will further expand to support all asset types in the future.
“Over the last decade, most industries have been simplified by technology. Finally, these changes are coming to CRE lending,” said Yaakov Zar, founder and CEO of Lev. “We’re building a platform that not only makes life easier for current investors to get financing but also simplifies the experience for the lender. It’s a win-win for all industry players.”