Lev Partners with AppFolio Investment Management to Provide Instant Commercial Real Estate Financing Quotes
January 05, 2022 at 12:45 pm EST
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Lev and AppFolio Investment Management have announced a partnership to enable real-time commercial real estate (CRE) financing quotes for AppFolio Investment Management customers directly via the Lev API. With Lev directly integrated into its dashboard, AppFolio Investment Management can now offer its customers an end-to-end financing solution. With a single click, investment managers can review customized options including loans and lines of credit through Lev's proprietary analysis and pricing engine, without duplicating data that is already being tracked in AppFolio Investment Management.
The CRE financing space is undergoing a sea change, with commercial borrowers demanding fast, digital experiences that mirror the best practices of consumer lending. By meeting this audience in stride with its proprietary technology, Lev has grown 10x year-over-year and is on pace to close $1 billion in commercial mortgages in 2021.
AppFolio, Inc. is a provider of cloud business management solutions for the real estate industry. Its solutions are designed to enable its customers to digitally transform their businesses and address critical operations. AppFolio solutions are designed to meet that need in the real estate industry. It helps its customers navigate an increasingly interconnected and growing network of stakeholders in their business ecosystems, including property owners, real estate investment managers, rental prospects, residents, and vendors, and provides key functionality related to critical transactions across the real estate lifecycle, including screening potential tenants, sending and receiving payments and providing insurance-related risk mitigation services. Its solutions include AppFolio, AppFolio Property Manager Core, AppFolio Property Manager Plus and AppFolio Property Manager Max. It also offers value-added services: electronic payment services, tenant screening services and risk mitigation.