Loan Ecosystem Online (LEO), a new financial technology platform that streamlines the syndicated loan process, is now live and available to originators, institutional lenders and agents throughout the United States. Developed by Loan Ecosystem LLC, the secure, end-to-end platform transforms the traditionally cumbersome deal discovery process by facilitating participation between lenders and originators, creating efficiency through automation and broadening access to create a more transparent, liquid market for middle market and broadly syndicated loans.
“The launch of Loan Ecosystem Online represents a big step forward in syndicated loan technology and presents a major opportunity for originators and lenders,” said Patrick Livney, CEO of LEO. “Not only does the platform enable efficient and economical syndication of loans to lower borrowing costs for middle market companies, it opens up and facilitates the participation market, while expanding distribution for syndicators via reverse inquiry.”
LEO, an independent company, has leveraged industry experts in building the platform to meet all security, back office and regulatory requirements. After conducting a number of surveys with syndication professionals, LEO’s User Experience team designed an interface and the workflows to address the key areas of friction in the deal process — including the disparate processes between parties and the inefficiencies of dealing with separate CRMs, data rooms and lending platforms. Whether originating club or broadly syndicated loan deals, LEO captures all data touchpoints, in real time, for each originator.
Currently, the LEO platform supports approximately 137 deals, at $15 billion notional, 250 lenders and 1,500 users.