Commercial real estate financing startup Lev brings in $30M on a $130M appraisal
Industrial real estate has actually been sluggish to welcome technology, with many offers still paper-heavy and complex. Lev creator and CEO Yaakov Zar previously co-founded Boston-based Dispatch, which built tools for house services businesses. Initially, Zar and his team wanted to build the”Rocket Mortgage of commercial real estate lending,”however found that to be difficult since genuine estate brokers are putting together their own pitch books for lenders. Lev grew 10 times in volume in the previous year, closing around $100 million of loans in 2020. As co-founder of Trulia, he saw firsthand the issues in the genuine estate industry over search and discovery, however as that problem was being solved, the focus shifted to funding. …
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