Lev Partners with AppFolio Investment Management to Provide Instant Commercial Real Estate Finance Quotes
NEW YORK, January 5, 2022 /PRNewswire/ — Levthe commercial real estate financing platform, and Investment Management AppFolioa cloud-based software solution for real estate investment managers, announced a partnership to enable real-time commercial real estate finance (CRE) quotes for AppFolio Investment Management customers directly through the Lev API.
With Lev integrated directly into its dashboard, AppFolio Investment Management can now offer its clients an end-to-end financing solution. With just one click, investment managers can review custom options — including loans and lines of credit — using Lev’s proprietary analytics and pricing engine, without duplicating data already tracked in AppFolio Investment Management.
AppFolio Investment Management provides clients with innovative tools and services designed to manage investor relations by increasing transparency and streamlining communications. According to Nat Kunes, Senior Vice President of Real Estate Investment Management for AppFolio: “Our goal is to help our real estate investment management clients deliver a modern investor experience. This integration will allow AppFolio Investment Management customers to issue funding faster and more efficiently, enabling them to obtain better pricing and optimize transaction performance.”
The CRE financing space is changing, with commercial borrowers demanding fast digital experiences that reflect consumer lending best practices. By catering to this audience in stride with its proprietary technology, Lev has grown 10x year over year and is poised to close $1 billion commercial mortgage loans in 2021.
“Lev’s mission is to provide refreshing, fast and surprisingly transparent access to financing for commercial real estate owners and investors,” said Yaakov Zar, CEO of Lev. “We’re expanding by partnering with well-known real estate industry innovators like AppFolio. Together, we’re improving the CRE investing experience for everyone involved, helping landlords get the best access to finance for their properties. “
Lev is the commercial real estate finance platform providing fast and transparent access to capital from the world’s leading financial institutions. On track to close $1 billion in CRE mortgages in 2021, Lev grew 10x year-over-year through its proprietary approach to CRE financing, including the industry’s only API.
Founded in 2019, Lev raised $45 million from Greenspring Associates, First American Title, NFX, Canaan Partners, JLL Spark, Animo Ventures, and Ludlow Ventures, among others. For more information, visit levcapital.com.