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Yaakov Zar

LEV Brokers 1031 Exchange Sale of Dollar General and Family Dollar Properties for Total of $3.5M

New York-based Lev, a commercial real estate financing platform, has completed the sale of two single-tenant net-leased properties in Charleston, WV and Meridian, MS.

The assets, a Dollar General and a Family Dollar, were purchased by a private 1031 exchange investor. The Dollar General property in Charleston, WV sold for $2.1 million reflecting a 6.0% percent cap rate, and the Family Dollar in Meridian, MS sold for $1.4 million reflecting a 5.6% percent cap rate.

Through Lev Lending, a platform that specializes in permanent, non-recourse loans on single-tenant net lease properties, each deal closed at speeds up to 3x faster than traditional lenders.

Working closely with Nancy Miller, CCIM, MBA, and partner at Bull Realty in Atlanta, Lev achieved long-term, competitive, non-recourse financing. Funding each transaction just 31 days after the PSA was signed, Lev extended a loan of $900,000 for the Meridian property and $600,000 for the Charleston property.

“The market for net-leased dollar stores is competitive right now, and we’re thrilled to be able to offer our clients the most seamless, digitized lending experience in the CRE space,” says Yaakov Zar, CEO and founder of Lev. “Lev Lending makes the borrowing and lending experience better for everyone. These deals are great examples of that.”

Utilizing proprietary AI technology and deep industry expertise, Lev brings speed and transparency to CRE financing. A streamlined application process with automation and deal management tools for borrowers and brokers, along with powerful financing and closing technologies, empower borrowers to be automatically matched with the right lender.

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Inside The Story

Yaakov ZarCCIMBull RealtyMeridian

About Ted Jackson

A highly successful financial journalist, corporate financial writer and magazine entrepreneur with strong expertise in writing on fixed income and pass-through securities (ABS), finance and banking, the economy, economic developments, financial markets, investing and personal finance, the business of behavioral healthcare and more.

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