The team immediately began generating interest. Using Lev’s Messaging Center, the team was able to answer lender questions and securely share additional materials to help speed up the underwriting process.
Within days, the team had received terms from six different lenders, none of whom they had previously worked with. Comparing the terms side by side in the Lev Match platform, the Terra team was able to quickly identify the two most competitive offers and then begin final negotiations. The team ultimately signed a term sheet and closed financing for a non-recourse loan with highly competitive rates.
Since closing this first deal, the Terra team has already launched five additional deals through the Lev Match platform.