Lev
Commercial real estate financing marketplace
Company mission
To help commercial real estate owners & investors get the right financing with the best experience through its online marketplace.
Employees
101-200
HQ Location
SoHo, New York, NY
OTTA INSIGHTS
159% employee growth in 12 months
Otta's take on Lev
Theo Margolius
COO of Otta
Financing is at the core of commercial real estate (CRE), yet despite its necessity, existing funding systems remain antiquated. Accessing quotes, securing funds, and receiving help from commercial real estate experts can be highly time-consuming due to paper trails and fragmented communication mediums, presenting an opportunity for the industry to have a modernized reboot.
Lev provides an online marketplace for CRE transactions, allowing users to lend or borrow finances with the real-time assistance of real estate experts through a strictly digital medium. The company claims that most funding through the platform can be secured in under 30 days, with transparent fees, and secure data transfer. In 2021, Lev reported that around $1 billion in loans originated on the platform, which is testament to industry confidence in the company.
Whilst the CRE industry is highly saturated with both lenders and borrowers, Lev has recognized the fragmented nature of the industry and tackled it by aggregating lenders, borrowers, and expert advisers within a single unified platform. Furthermore, the company also focuses on listing a wide range of lenders, currently listing over 5,000 varying from local banks to national debt funds.
Total funding - $114.8m
Last 2 fundraises
Jul 2021
$30m
SERIES A
May 2022
$70m
SERIES B
This company has top investors
Company benefits
- Flexible PTO, WFH and other acronyms
- 401k
- Donation matching
- Great healthcare
Company values
- Growth - our personal growth will contribute to the company’s growth, and we need to focus on both. There is always an opportunity to do more and be better. We operate with scale in mind, and look for opportunities to build leverage through our technology and unique skills, catapulting us to be the leader in our industry
- Boldness - we know who we are and what we need to get done. We set our sights on the goal, and do what is needed to get there, even if it’s unpopular. We’re not looking to “disrupt” or upset anybody, but we would never sacrifice our vision in order to maintain the status quo. We are honest and we are true, but always with finesse
- Resilience - things are rarely easy, and nothing worth getting comes on a silver platter. We understand that hard work is a critical and unavoidable part of life. We accept challenges that come at us, we push beyond the “no”s that we often get, as well as the extra effort that we need to put in. We use it all to make us stronger
- Collaboration - none of us are complete, and there’s so much we can learn from each other. We help each other out without any expectations - we do it because it is our responsibility and within our capability to leverage our skills for the greater good of the world, our industry and our team
- Balance - life is not just about work. We are each complex and colorful, and we have needs outside of our jobs. Knowing this helps us support each other completely. We care outside the bounds of our office and are invested in building incredible lives, not just wealth, for ourselves and others
- Dependability - we can depend on each other, and our clients can depend on us. We are professional and we get things done the right way, on-time. We do what we say we’ll do, even if it’s hard, and we do everything we can to overcome excuses and stick to our word, so that our clients know they can rely on us
- Generosity - we are generous with our communities, we are generous with each other and we are generous with our clients. We are generous with our money and we are generous with our time. We’re not in this for ourselves - if the whole world doesn’t get just a drop better from our hard work on this earth, we’ve failed
Articles
Founders
Sammy Greenwall
(Co-founder)Experience working in Venture Capital for Blumberg Capital and Tuesday Capital. Capital Markets Associate for Toll Brothers from 2017 to 2019.
Yaakov James Zar
(Co-founder)Experience as co-founder and CEO of SocialRent, LLC. Co-founder and COS of Dispatch since 2013.
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