Changelog

What's new in Lev

Product updates, new features, and improvements as we ship them.

Sales Comps in Lev Agent

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Build a subject property profile from deal files

Ask Lev Agent for sales comps on any active deal and it assembles a subject property profile from your uploaded files and deal records. It pulls asset type, location, and size from OMs, rent rolls, and deal data, then surfaces price, cap rate, and NOI in one reference strip. You start every comp analysis with a complete subject view instead of hunting through source documents.

Rank comparable sales by strength

Lev Agent returns a tiered comp table with anchor, strong, and reference sales labeled by similarity to your subject property. You compare price per SF, cap rate, and sale date side by side across the full comp set. That gives you a defensible pricing story for lender conversations without rebuilding spreadsheets.

Benchmark your subject against recent market activity

Lev Agent shows where your deal sits against recent sales ranges with visual price and cap rate bands. You get a concise, source-backed summary of where the subject trades relative to the comp set and what it means for your ask. The output cites the records behind each data point so you can reference it in outreach, memos, and lender packages.

Payouts and Invoice Generator

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Track commissions with Payouts

Lev Payouts tracks incoming commissions from borrowers and lenders, plus team and referral payouts on each deal. You specify commission amounts, choose whether each payout is tied to the borrower or lender, and split amounts across referrals and deal team members. Set default commission amounts by role so new team members get the right split as soon as you add them.

Generate invoices from commission details

Generate an invoice to a borrower or broker directly from your deal using Lev Memo. One click pulls your company details, borrower or lender information, logos, and commission totals into the invoice template. Open the full Memo editor to adjust line items, add notes, or set a due date before you export or send.

Underwriting in Lev Agent

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Build a formatted model from uploaded deal documents

Lev Agent reads rent rolls, T-12s, and other files from your deal, or that you upload, and builds a formatted underwriting model without manual data entry. You skip hunting through source files, rebuilding Excel templates, or troubleshooting formulas. You receive a professional model formatted to your brand guidelines, in minutes.

Set assumptions and stress test the deal

With data entry handled, you focus on the analytical work that drives the underwriting story. Adjust expense assumptions, rollover plans, business plans, market rents, vacancy rates, and coverage thresholds for different stakeholder requirements.

Share a lender-ready underwriting package

The model is designed to be shared directly with stakeholders as a complete underwriting package. Instead of sending raw source documents and asking stakeholders to piece together the story, you present the deal clearly in one professional output.

Memo in Lev Agent Updates

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Build any document type from Lev Agent

Any user can ask Lev Agent to build a Memo from a natural-language request. Lev handles Debt, Equity, and IS offering memorandums at the same quality as before, plus BOVs, credit memos, and freeform documents. Lev tracks which document types users create and uses that signal to improve skills over time.

Queue chat uploads for fact extraction

Files you upload in Lev Agent chat are now queued for fact extraction when you build a Memo. The credit cost for extraction is included in the Memo build cost shown before you confirm, so you see the full price upfront with no surprise charges.

Set up brand settings before you publish

When Lev detects that your organization has not configured brand settings, admins who can edit branding are prompted to set them up. That applies only to admins with branding permissions, so exported Memos reflect your company's look from the first deck you send.

Improve images with AI Image Studio

The AI Image Studio is now live in every image menu across Memo. Open any image, describe the improvement you want, and Lev applies quality adjustments without leaving the editor.

Upscale blurry extracted images automatically

When Lev extracts images from uploaded documents, blurry or low-resolution photos are upscaled automatically. There is no additional credit cost beyond fact extraction today, so you get sharper visuals without a separate upscale step.

Market Expert in Lev Agent

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Ask for a market report in plain English

Lev Agent's Market Expert draws on Lev's proprietary market data to answer questions about what's happening in your market right now. Ask something like "Give me a market report for multifamily properties in New York" and the Agent returns a focused report without leaving the homepage. You describe the asset class and geography, and the Agent handles the data pull.

Review recent terms and pulse items

The report includes Recent Terms and Pulse Items backed by live Lev transaction data, not generic market summaries. You see actual deal activity and market signals for your criteria, updated as new data flows into Lev. That gives you a current read on pricing, volume, and momentum in the market you care about.

Compare lender programs and market context

Market Expert also surfaces Lender Programs and related market data so you can see which lenders are active in your segment. You get program details alongside the terms and pulse context in one response. Use it before origination or outreach to align strategy with what's actually happening in the market.