Build

Term Sheets

Access term sheet data for deals in the Lev External API v2.

Updated March 2026

Overview

Term sheets are associated with deals and represent offers from lenders. The API currently provides read-only access.

Endpoint	Description
`GET /deals/{deal_id}/build/term-sheets`	List term sheets for a deal
`GET /deals/{deal_id}/term-sheets/{id}`	Get a single term sheet

List Term Sheets

GET/api/external/v2/deals/{deal_id}/build/term-sheets

List term sheets for a deal

Response (200):

{
  "request_id": "e7f8a9b0-c1d2-3456-0123-567890123456",
  "timestamp": "2026-03-20T15:30:45Z",
  "data": [
    {
      "id": 15,
      "title": "JPMorgan Chase — Stabilized Multifamily",
      "quote_type": "soft_quote",
      "rate_type": "fixed",
      "total_rate": 5.85,
      "base_rate": "CMT",
      "initial_funding": 5000000,
      "io_period": 24,
      "max_ltv": 0.70,
      "max_ltc": null,
      "origination_fee": 0.01,
      "term": 120,
      "recourse": "non_recourse",
      "org_id": 3200,
      "placement_id": 310,
      "winning": false,
      "created_at": "2026-02-10T14:00:00Z",
      "updated_at": "2026-03-01T09:15:00Z"
    }
  ],
  "pagination": {
    "total": 3,
    "limit": 50,
    "has_more": false,
    "next_cursor": null
  }
}

unauthorized

Authentication required— Missing or invalid Authorization header

not_found

Deal not found— The deal_id doesn't exist or isn't accessible to the authenticated user

Get Term Sheet

GET/api/external/v2/deals/{deal_id}/term-sheets/{term_sheet_id}

Get a single term sheet

Response (200):

{
  "request_id": "f8a9b0c1-d2e3-4567-1234-678901234567",
  "timestamp": "2026-03-20T15:30:45Z",
  "data": {
    "id": 15,
    "title": "JPMorgan Chase — Stabilized Multifamily",
    "quote_type": "soft_quote",
    "rate_type": "fixed",
    "total_rate": 5.85,
    "base_rate": "CMT",
    "initial_funding": 5000000,
    "io_period": 24,
    "max_ltv": 0.70,
    "max_ltc": null,
    "origination_fee": 0.01,
    "term": 120,
    "recourse": "non_recourse",
    "org_id": 3200,
    "placement_id": 310,
    "winning": false,
    "created_at": "2026-02-10T14:00:00Z",
    "updated_at": "2026-03-01T09:15:00Z",
    "capital_source_type": "balance_sheet",
    "base_rate_value": 4.35,
    "effective_spread": 1.50,
    "recourse_type": "non_recourse",
    "payment_method": "actual_360",
    "prepayment_penalty": "yield_maintenance",
    "prepayment_penalty_details": "Yield maintenance for first 7 years, 1% thereafter",
    "amortization": 360,
    "extension_one": 12,
    "extension_two": null,
    "extension_three": null,
    "floor": 5.00,
    "floor_type": "total_rate",
    "good_faith_deposit": 50000.0,
    "min_dscr": 1.25,
    "min_debt_yield": 0.08,
    "ir_details": null,
    "notes": "Subject to property inspection and environmental review"
  }
}

unauthorized

Authentication required— Missing or invalid Authorization header

not_found

Term sheet not found— The term_sheet_id or deal_id doesn't exist or isn't accessible to the authenticated user

Term Sheet Object

The list endpoint returns a summary response, while the detail endpoint returns additional fields.

Summary Fields (List + Detail)

Field	Type	Description
`id`	integer	Term sheet identifier
`title`	string\|null	Term sheet title
`quote_type`	string\|null	Quote type (indication, soft_quote, hard_quote)
`initial_funding`	integer\|null	Initial funding amount
`total_rate`	number\|null	All-in total rate
`base_rate`	string\|null	Base rate name (e.g., SOFR, CMT)
`rate_type`	string\|null	Rate type (fixed, floating)
`term`	integer\|null	Loan term in months
`io_period`	integer\|null	Interest-only period in months
`recourse`	string\|null	Recourse type
`max_ltv`	number\|null	Maximum Loan-to-Value ratio
`max_ltc`	number\|null	Maximum Loan-to-Cost ratio
`origination_fee`	number\|null	Origination fee
`org_id`	integer\|null	Lender organization ID
`placement_id`	integer\|null	Associated placement ID
`winning`	boolean\|null	Whether this is the winning term sheet
`created_at`	string\|null	Creation timestamp
`updated_at`	string\|null	Last update timestamp

Additional Detail Fields (Detail Only)

These fields are only returned by the GET /deals/{deal_id}/term-sheets/{id} endpoint:

Field	Type	Description
`capital_source_type`	string\|null	Capital source type
`base_rate_value`	number\|null	Base rate numeric value
`effective_spread`	number\|null	Effective spread over index
`recourse_type`	string\|null	Recourse type detail
`payment_method`	string\|null	Payment method
`prepayment_penalty`	string\|null	Prepayment penalty type
`prepayment_penalty_details`	string\|null	Prepayment penalty details
`amortization`	integer\|null	Amortization period in months
`extension_one`	integer\|null	First extension option (months)
`extension_two`	integer\|null	Second extension option (months)
`extension_three`	integer\|null	Third extension option (months)
`floor`	number\|null	Rate floor
`floor_type`	string\|null	Floor type
`good_faith_deposit`	number\|null	Good faith deposit amount
`min_dscr`	number\|null	Minimum DSCR requirement
`min_debt_yield`	number\|null	Minimum debt yield requirement
`ir_details`	string\|null	Interest reserve details
`notes`	string\|null	Additional notes