The continued growth of proptech innovation is benefitting every aspect of the commercial real estate industry, and nowhere is this more evident than in the process of securing debt financing.
Traditional finance brokers have long relied on a jumble of disconnected emails, phone calls and in-person meetings to run their processes. This lack of structure increases the operational burden placed on borrowers and makes it easy for process hiccups to occur, which can totally derail deals. Compounding this issue is the fact that traditional brokers typically only have relationships with a handful of lenders, which can dramatically limit the options available to borrowers.
Thankfully, technology platforms like Lev have totally shifted this paradigm. By combining technology with capital markets expertise, these platforms have made the process of securing debt financing easier, faster and more secure.
Lev’s platform operates as a marketplace, with borrowers on one side and thousands of lenders on the other. In the middle is an AI-powered matching algorithm that instantly identifies the best rates and terms for specific deals.
Technology doesn’t only improve lender matching, it also streamlines the entire loan application process. With Lev, borrowers get access to their own Borrower Portal. This portal allows borrowers to securely upload documents and includes a dashboard that details exact next steps and gives 24/7 access to deal progress. The result: increased certainty of execution and deals that close more than twice as fast as industry averages.
Platforms like Lev offer a more efficient, cost-effective, and accessible financing experience. By using technology to automate and optimize traditional processes, Lev is making obtaining commercial real estate financing simple, straightforward, and easy.