Breaking
Lev raises $170M to modernize commercial real estate finance Closed nearly $1B in CRE mortgages in 2021, up 10x YoY Real-time data on 4,000+ lenders nationwide From tech brokerage to AI platform: apps, agents & data Backed by NFX, Citi Ventures, Capital One & JLL Spark Closing CRE loans up to 3x faster than the 100-day norm Lev raises $170M to modernize commercial real estate finance Closed nearly $1B in CRE mortgages in 2021, up 10x YoY Real-time data on 4,000+ lenders nationwide From tech brokerage to AI platform: apps, agents & data Backed by NFX, Citi Ventures, Capital One & JLL Spark Closing CRE loans up to 3x faster than the 100-day norm
Company Profile Commercial Real Estate · AI · Fintech

Lev is rebuilding
the plumbing of
property finance.

A New York software company turning one of finance's slowest, most paper-heavy corners into a system of apps, AI agents, and real-time data.

Founded 2019 · New York, NY · ~95 people
Lev company logo
LEV, N.Y.C. - The wordmark of a company that began as a
tech-enabled brokerage and grew into a CRE-native AI platform.
Founded
2019
Headquarters
New York, NY
Total Funding
$214.8M
Team
~95
Latest Round
Series B
The Story

A 100-day process, rewired as software

Commercial real estate finance is a multi-trillion-dollar market that, for decades, ran on personal rolodexes, phone calls, and PDFs. A single deal - financing an apartment complex, an office tower, a shopping center - could take upwards of 100 days to close. Lev's founding bet, made in 2019, was that the software could do the chasing instead of the humans.

Lev combines what it describes as the industry's largest source of real-time commercial real estate data with purpose-built AI. The platform gives sponsors and brokers instant access to thousands of lenders, lets them compare offers and rates, and structures the mountain of unstructured information every deal generates - calls, emails, documents - so a transaction can move forward faster.

What began as a tech-enabled brokerage has since become something broader: a CRE-native platform of apps, AI agents, and data. The company says its approach closes loans up to three times faster than traditional methods, and by 2021 it was closing nearly $1 billion in mortgages on the platform - roughly a tenfold jump year over year.

The tagline is characteristically direct: Lev exists, it says, to help commercial real estate professionals become "superhuman."

"Lev combines the industry's largest source of real-time commercial real estate data with purpose-built AI to transform the way sponsors and brokers run deals."
- Lev, company description
By the numbers

The shape of the company

$214.8M
Total funding raised
4,000+
Lenders in the network
~$1B
CRE mortgages closed in 2021
3x
Faster loan closings
50+
Platform plugins
~95
Employees

Figures drawn from company statements and press coverage; some are point-in-time and approximate.

Products & Services

Apps, agents, and data - built for how CRE teams work

Lev's platform is organized as a product system. Teams can adopt a single plugin to solve one pain point without migrating their entire operating system.

AI Agent

Lev Agent

AI agents gather information across a user's touchpoints - calls, emails, documents - then structure and aggregate it to keep deals moving.

Data

Lender Search

Real-time and historical data for 4,000+ lenders nationwide, including current programs and verified contacts across lending divisions.

Matching

Lev Match

AI-powered lender matching and scoring that pairs a deal with the lenders most likely to fund it.

Documents

Lev Memo

Generates credit, debt, equity, investment, and deal materials from source data, files, and approvals.

Platform

Lev API & Platform

A CRE-native platform with 50+ plugins so teams can build on top and solve one workflow at a time.

Who it's for & what it fixes

The middleman, reimagined as a tool

Who uses Lev

Commercial real estate sponsors, brokers, investors, and lenders. Users can instantly compare offers and rates across thousands of lenders, then manage the resulting deals in one place. Every customer is assigned a success manager for onboarding and deal support.

  • Property sponsors seeking debt and equity
  • Debt brokers running multiple deals at once
  • Lenders looking for qualified deal flow
  • Investors managing a financing pipeline

The problem it solves

CRE financing is slow, opaque, and relationship-bound. Finding the right lender means working a rolodex; assembling a credit package means wrangling scattered files. Lev collapses that: a searchable lender network replaces the rolodex, and AI agents absorb the document busywork - compressing timelines that traditionally stretch past 100 days.

The edge

Why the data is the moat

Plenty of companies are bolting AI onto real estate. Lev's harder-to-copy asset is the layer underneath: years of assembled, real-time coverage of lender programs and verified contacts across the country. The models are the interface; the data is the defensibility.

Its plugin strategy also lowers the barrier to adoption. Rather than demand a rip-and-replace of a firm's whole stack, Lev lets a team buy one plugin, solve one pain, and expand from there - a smaller first "yes" in an industry wary of big software migrations.

The cross-industry cap table underlines the thesis: strategic backers from both banking (Citi, Capital One, Cross River) and real estate services (JLL Spark) chose to own a piece rather than fight the shift.

Alternatives & competitors

Lev sits against other CRE fintech and proptech platforms - Cherre, Dealpath, CREXi, CommercialEdge/Yardi - as well as traditional debt brokerages and, most of all, the manual, spreadsheet-driven status quo it was built to replace.

CRE-nativereal-time dataagentic AImodular pluginslender network
Business & Funding

How Lev raised and how it earns

Lev shifted from a marketplace/brokerage that earned fees on closed loans toward a SaaS platform layered over its lender and market data. Its rounds:

2020
Seed · ~$10M · NFX
2021
Series A · $30M · ~$130M valuation
2022
Series B · $70M equity + $100M debt

Series B investors included Parker89, Cross River Digital Ventures, NFX, Canaan, JLL Spark, Animo Ventures, Capital One Ventures, Citi Ventures, Citi SPRINT, and StepStone Group.

Timeline

From brokerage to AI platform

2019

Lev is founded

Yaakov Zar launches Lev in New York to modernize commercial real estate financing.

2020

Seed round & first traction

Raises ~$10M led by NFX and closes roughly $100M of financing on the platform.

2021

$30M Series A

Greenspring Associates and First American Title lead the round at a ~$130M valuation as volume approaches $1B.

2022

$170M in new funding

Series B of $70M plus a $100M debt facility from Parker89, Cross River Digital Ventures, and strategic backers.

2025

Reposition as an AI platform

Lev evolves into a unified system of apps, agents, data, and 50+ plugins for CRE teams.

2026

Agentic workflows go mainstream

CEO Yaakov Zar publicly details how CRE teams are adopting Lev's AI agents.

The Founder

Yaakov Zar, second act

Before Lev, Yaakov Zar co-founded Dispatch, a home-services software company acquired by Vista Equity Partners in 2018. A Boston University entrepreneurship graduate, he launched Lev in 2019 and serves as its CEO.

In 2024 he was named a "Ones to Watch - Innovator in CRE" by the New York Real Estate Journal, and by 2026 he was speaking publicly about how the industry is adopting agentic AI workflows.

At a glance

  • Co-Founder & CEO of Lev
  • Previously co-founded Dispatch (acq. Vista Equity, 2018)
  • BSBA, Entrepreneurship - Boston University
  • Angel investor; based in New York
Watch & Listen

Interviews & product context

Explore Lev's platform and hear from its CEO on how agentic AI is landing in commercial real estate.

FAQ

Quick answers

What does Lev do?

Lev is an AI-native software platform for commercial real estate that helps sponsors, brokers, and lenders find capital, match with lenders, manage deals, and automate document generation using real-time lender and market data.

Who founded Lev and when?

Lev was founded in 2019 by Yaakov Zar, who previously co-founded the home-services software company Dispatch (acquired by Vista Equity Partners in 2018).

How much funding has Lev raised?

Lev has raised more than $200M total, including a $30M Series A in 2021 and a 2022 round of $70M in equity plus a $100M debt facility, from investors like NFX, Canaan, Citi Ventures, Capital One Ventures, and JLL Spark.

How is Lev different from a traditional mortgage broker?

Instead of relying on a personal rolodex and manual process, Lev uses a searchable, real-time database of 4,000+ lenders plus AI agents that structure deal data, aiming to close loans up to 3x faster than the traditional 100+ day process.

Where is Lev based and how big is it?

Lev is headquartered in New York City and employs roughly 95 people.

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