A deal in Lev represents a financing request for a property. This section walks you through creating your first deal from start to finish.
In This Section
You'll complete five steps to set up a deal:
- Enter basic property information
- Upload relevant documents
- Add financial details
- Specify loan requirements
- Use the loan sizing tool
Before You Begin
Gather the following: property address, basic property details (type, size, year built), financial information (purchase price, NOI), and loan request details (amount, type, terms).
Step 1: Entering Basic Deal Information
Start with the property address, asset type, and key details. This creates the foundation for lender matching.
- Enter and confirm property address
- Select asset type and subtype
- Add property name and basic details
Step 2: Uploading Relevant Files
Add property documents, photos, and supporting materials. This helps lenders evaluate the opportunity faster.
- Upload rent rolls and operating statements
- Add property photos and floor plans
- Organize files into folders
Step 3: Entering Financial Information
Provide the financial details lenders need to evaluate your deal.
- Enter purchase price or current value
- Add income and expense details
- Review calculated NOI
Why This Matters
Financial information is what lenders evaluate most closely. Accurate numbers help you get relevant quotes faster.
Step 4: Entering Loan Request Information
Specify what you're looking for: loan type, amount, and terms.
- Select loan type (permanent, bridge, construction)
- Choose transaction type (acquisition, refinance)
- Enter loan amount and rate preferences
Step 5: Using the Loan Sizing Tool
Use Lev's calculator to determine optimal loan amounts based on your deal metrics.
- Calculate max loan based on LTV
- Calculate max loan based on DSCR
- Compare different scenarios