Member Says Levo Commercial Loans Offer More Than Financing

For a small business owner like Levo Member Shane Leininger, taking out a commercial loan on a new venture is about more than dollars and cents. Shane wanted to get into commercial real estate, so bought two office buildings in the southeast part of Sioux Falls.

Shane says, “I think we’ve been in business 25 years and have a big bank relationship for those years. It was good at times but it was a struggle at times,” he admits. “When you’re looking at a smaller project like these office buildings it just took too long to get through the bigger bank. We wanted something more local.”

Shane says he worked with Levo to crunch the numbers and got the whole deal done fairly quickly – less than 30 days to purchase both office buildings.

“I didn’t expect from the lending side they’d offer so much wisdom and advice,” says Shane. “I kind of feel like finance is finance is finance, but they had a lot more to offer than that on certain aspects in the local real estate market. Sioux Falls is different. It’s kind of in a little bubble, so having a local banker who can walk you through other things like land surveying, making sure the title work is complete -- another set of eyes on things besides just the numbers. It’s been good learning from these people that are good at it. Excited to do more!”

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