Creating a New Deal

This guide walks through creating a deal from the first click through basic property details and loan configuration — including standard, land, and portfolio deals.

1. Create the deal

   Open the wizard, capture the property address, and land on Deal Overview — the hub for everything that follows.

   1. Open the Create Deal modal. Sign in to Lev and click Create Deal in the top navigation. The deal wizard opens on the first step.
   2. Enter a name. Use any name that's meaningful to you — you can change it later.
   3. Enter the property address. Type the street address and choose the correct match from the suggestions so Lev can pin the asset and pre-fill context.
   4. Create the deal. With a valid address selected, click Create Deal in the modal to create the record.
   5. Land on Deal Overview. Lev takes you to Deal Overview — the hub for this deal — where you'll complete property details, financials, and loan preferences.

   You should now be on Deal Overview with Suggested Next Steps visible in the sidebar.

2. Basic deal information

   Classify the asset so Lev can match the right lenders, comps, and memo templates.

   1. Review Deal Overview. Confirm you're on the right deal and note Suggested Next Steps — they surface the next actions to take.
   2. Open Complete Basic Deal Information. Start that step from Deal Overview. The Basic Deal Information dialog opens with fields for how the asset should be classified in Lev.
   3. Select asset type. Choose the category that best matches the property — for example Multifamily, Office, Retail, Industrial, or Land.
   4. Select asset subtype. After you pick a type, choose the subtype that fits. The list depends on the asset type you selected.
   5. Save and continue. Click Save & Next to move on to Deal Configuration (loan preferences).

   You should now see the deal classified with an asset type and subtype on Deal Overview.

   Mixed-use properties

   There is no dedicated "mixed-use" asset type. Pick the type that reflects the largest share of income (for example Retail if retail drives more rent than multifamily). Explain the true mixed-use story in your lender outreach or memo so lenders aren't misled.

3. Deal configuration

   Capture the loan product, transaction type, and position — the three inputs that shape which lenders Lev surfaces.

   

   1. Choose the loan product you need. Pick what you're raising — Permanent (long-term, often 5–30 years), Bridge (shorter-term, often ~1–3 years), or Construction (development or heavy value-add).
   2. Choose the transaction type. Indicate whether this is an Acquisition (buying) or Refinance (replacing or restructuring existing debt).
   3. Choose the loan position. Select First Mortgage Loan / Senior for primary debt, or Subordinate / Mezzanine if you're describing junior debt.

   You should now see the loan product, transaction type, and position saved on Deal Overview.

4. Financial information

   Add the numbers lenders use to size and rank the opportunity — and that feed OM/Memo generation later.

   1. Open financial information. From Deal Overview, click the next step (for example Add Financial Information) to open the financial details form.
   2. Enter the fields that apply. Fill in Purchase Price or Property Value, Project Costs (construction or renovation), PSA/LOI Expiration Date, In-Place Occupancy, Net Operating Income (NOI), and Required Equity commitment status.
   3. Save and continue. Click Save & Next to proceed toward Loan Request and the rest of the launch workflow.

   You should now see the deal ready to move into Loan Request with financials in place.

   These inputs usually don't change which lenders appear in suggestions, but they do affect how Lev ranks them internally. They also feed OM/Memo generation when you use Lev for marketing materials.

Next: Adding lenders to a deal.