Lev secures $170 million in Series B funding round

Lev has grown 10 times YOY to become one of the industry’s top 100 loan originators, having facilitated over $1.5 billion worth of transactions.

“Having witnessed the increasing digitization of the residential mortgage process over the past few years, we believe that commercial lending will undergo a similar evolution,” said Nate Levin, managing director at Parker89. “Yaakov and the Lev team are leading this charge, and we couldn’t be more excited to partner with them as they continue to reinvent the process.”

Lev aims to transform the industry from a manual lending process into a digital experience with a “reimagined approach to CRE financing.” According to Lev, it is closing CRE loans up to three times faster than existing methods, which can take more than 100 days.

In addition, Lev has also secured $100 million in debt financing from Cross River’s Strategic Direct Lending Group.