Kiavi

What Kiavi does

Kiavi is an AI-powered non-bank lender specializing in residential real estate investment property loans. Founded in 2013 (originally as LendingHome, rebranded November 2021), the company is headquartered in Pittsburgh, Pennsylvania, with a San Francisco office and 500+ employees. Kiavi targets residential real estate investors across experience levels—from emerging individual investors to high-volume operators—offering fix-and-flip/bridge loans ($100K–$5M, rates as low as 7.75%), DSCR rental loans ($100K–$2M, rates as low as 6%), new construction loans ($150K–$10M, rates as low at 9%), and jumbo loans up to $10 million.

The company's technology stack centers on machine learning models trained on over 22 billion data points from 100,000+ funded projects, including a proprietary After Repair Value (ARV) model that replaces third-party appraisals, AI-powered document review with automated scope-of-work extraction, computer-vision photo verification for renovation draw requests, and a property-based underwriting engine assessing 20+ unique property factors. The platform qualifies borrowers on asset (property) characteristics rather than personal income, automates manual underwriting steps, and supports closings as fast as 5 business days. Kiavi reports a 95% successful loan exit rate versus an industry average of approximately 75%.

Kiavi generates revenue primarily through net interest income on originated loans and securitization issuance economics via its LHOME shelf, which has issued over $6.8 billion in offered notes across 24 transactions since 2019 with repeat lead arrangers including Nomura, Barclays, Deutsche Bank, and Performance Trust. Distribution combines a digital self-serve portal (app.kiavi.com) with channel partnerships (mortgage brokers, real estate agents, REIAs, PropTech firms) and dedicated enterprise sales for high-volume investors. Kiavi Funding, Inc. is licensed in 49 states plus Washington, D.C. (NMLS 1125207). In June 2026, Figure Technology Solutions announced a definitive agreement to acquire Kiavi for $717 million, with closing expected in H2 2026 and Kiavi CEO Arvind Mohan joining Figure as Chief Business Officer.

Name

Kiavi

Legal name

Kiavi Funding, Inc.

Website

https://kiavi.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

251–500 employees

Short description

Kiavi is an AI-powered non-bank lender providing fix-and-flip, DSCR rental, new construction, and jumbo loans to residential real estate investors across 49 states plus D.C., using ML models trained on 22+ billion data points to deliver fast asset-based underwriting and digital servicing.

Ownership category

akta.pro rank

Product category

Residential Real Estate Investment Lending

NAICS

Funds, Trusts, and Other Financial Vehicles (525)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Loan Origination Platforms (LOS) & Digital Application Journeys (FSAGAHAA)

akta.pro secondary industry

Loan Origination Systems (LOS) (FSALALAA)

Keywords

• Residential real estate lending
• Fix-and-flip financing
• DSCR rental loans
• Real estate investor loans
• Non-bank mortgage lending

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Loan Interest Income: Kiavi earns interest income on originated fix-and-flip, bridge, rental (DSCR), and new construction loans. The company originates loans and either holds them on balance sheet or securitizes them through its LHOME shelf, generating spread income between origination and funding costs.
2. Securitization Issuance Fees: Kiavi issues asset-backed securities through its LHOME securitization shelf, creating funding capacity by selling notes to institutional investors. Total offered notes exceed $6.8 billion since inception.

Pricing tiers

Go-to-market motion4 records

Distribution channels6 records

Marketing channels9 records

Core offering

Kiavi is a tech-enabled non-bank lender that provides financing to residential real estate investors for fix-and-flip, bridge, rental (DSCR), new construction, and jumbo investment property loans. The company delivers these loan products through an AI-powered digital platform that uses machine learning models trained on 22+ billion data points to perform asset-based underwriting, property valuation, and automated document review.

Product overview

Kiavi is an AI-powered non-bank lending platform offering a suite of investment property loan products to residential real estate investors. The core product portfolio consists of Fix-and-Flip/Bridge Loans (short-term renovation financing), DSCR Rental Loans (long-term rental property financing), New Construction/Infill Loans (ground-up construction), and Jumbo Loans (high-value projects up to $10 million). These products are delivered through a unified digital platform that automates underwriting, valuation, and document processing using machine learning. The platform qualifies deals based on property data rather than borrower income, enabling faster closings. Kiavi also operates capital markets products through its LHOME securitization shelf for institutional investors, alongside partner programs including broker, affiliate, and refer-a-friend offerings. The company was founded in 2013 (originally as LendingHome) and rebranded to Kiavi in 2021.

Differentiator

Problem solved

Functional benefit

Products and services

• Fix-and-Flip / Bridge Loans Short-term asset-based bridge loans for investors who purchase, renovate, and resell residential properties. Loan amounts from $100,000 to $5,000,000 with up to 100% loan-to-cost (LTC) and up to 80% of after-repair value (ARV), with terms of 12, 18, and 24 months and interest charged as drawn.
• DSCR Rental Loans Long-term non-QM investment property loans qualifying on property rental income (DSCR) rather than borrower personal income. Loan amounts from $100,000 to $2,000,000, up to 80% LTV, with terms including 30-year fixed, 5/1 ARM, 7/1 ARM, and interest-only options, and DSCR minimum as low as 0.8x.
• New Construction / Infill Loans Ground-up construction loans for residential developers executing build-to-sell or build-to-rent strategies. Loan amounts from $150,000 to $10,000,000, up to 85% loan-to-total costs (LTTC) and up to 70% ARV, with terms of 12, 18, and 24 months and 3- or 6-month extension options.
• Jumbo Loans Jumbo investment property loans up to $10 million for high-value residential real estate projects, with VIP service and dedicated support for ambitious deals.

Quantifiable outcome

• 95% successful exit rate vs approximately 75% industry average
• +4 more outcomes

Named customers7 records

Segments8 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability10 records

Feature5 records

Partnerships

Seven partnerships are on record, tiered flagship, major and core.

• Figure Technology SolutionsflagshipStrategic or Co-development Partner · 10 June 2026Figure Technology Solutions acquiring Kiavi for $717 million in a transaction including technology transfer and joint venture with Sixth Street for balance sheet assets. Deal expected to close in H2 2026 subject to regulatory approval. Kiavi CEO Arvind Mohan will join Figure's executive team as Chief Business Officer. Transaction advances Figure's blockchain tokenization goals and first-lien diversification strategy.
• Jefferies LLCmajorOthers · 10 June 2026Served as exclusive financial advisor to Kiavi in the $717 million acquisition by Figure Technology Solutions.
• Morningstar DBRScoreOthers · 19 February 2026Provided credit rating for Kiavi's $350 million rated securitization of residential transition loans. Morningstar DBRS rated the transaction as part of Kiavi's LHOME securitization shelf.
• Nomura Securities InternationalcoreStrategic or Co-development Partner · 19 February 2026Served as sole structuring agent for the $350 million rated securitization. Also acted as joint bookrunner alongside Barclays, Deutsche Bank, and Performance Trust Capital Partners. Long-standing partner in Kiavi's securitization program.
• Barclays CapitalcoreStrategic or Co-development Partner · 19 February 2026Joint bookrunner on Kiavi's $350 million rated securitization. Barclays also served as exclusive financial advisor to Figure and Sixth Street on the $717 million acquisition deal.
• Deutsche BankmajorStrategic or Co-development Partner · 19 February 2026Joint bookrunner on Kiavi's $350 million rated securitization of residential transition loans.
• Performance Trust Capital PartnersmajorStrategic or Co-development Partner · 19 February 2026Joint bookrunner on Kiavi's $350 million rated securitization. Also served as sole structuring agent for Kiavi's $100 million structured repurchase agreement in 2022.

Scale indicators11 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Figure Technology Solutions: Figure is a blockchain-focused fintech lender offering HELOCs and home equity products; it is also Kiavi's announced acquirer. Comparable as a tech-enabled non-bank mortgage lender targeting homeowners/investors.
• Lima One Capital: Lima One Capital is a direct lender specializing in fix-and-flip, rental, and new construction loans to residential real estate investors, closely overlapping Kiavi's core product set.
• Anchor Loans: Anchor Loans is one of the largest fix-and-flip lenders in the US, providing short-term bridge and renovation financing to residential investors; directly competes with Kiavi's core bridge/fix-and-flip product.
• CoreVest Finance: CoreVest (a Redwood Trust company) provides financing for residential real estate investors including fix-and-flip and rental portfolio loans; directly overlaps Kiavi's DSCR and bridge offerings.
• Fund That Flip: Fund That Flip is a digital lender and crowdfunding platform providing fix-and-flip financing to residential real estate investors; competes directly with Kiavi in the fix-and-flip segment.
• LendingOne: LendingOne is a private direct lender offering fix-and-flip, rental, and ground-up construction loans to residential real estate investors, overlapping Kiavi's product portfolio.
• Angel Oak Mortgage Solutions: Angel Oak Mortgage Solutions is a non-QM lender offering DSCR and investor loan programs, directly comparable to Kiavi's DSCR rental product line.

Broad incumbents

• NewRez (CoreVest's parent context): NewRez is a large non-bank mortgage lender with a wholesale and servicing platform that overlaps with non-QM and investor loan segments served by Kiavi.

Emerging players

• Groundfloor Finance: Groundfloor is a real estate investment platform with debt products for fix-and-flip borrowers; overlaps with Kiavi in the small-investor fix-and-flip segment, though at smaller scale.
• PeerStreet: PeerStreet is a marketplace lending platform that has historically provided short-term real estate loans to investors; partially overlaps Kiavi's bridge/fix-and-flip focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/kiavi_inc
• Facebookfacebook.com/gokiavi
• LinkedInlinkedin.com/company/kiavi
• Instagraminstagram.com/kiavi_inc

Compliance18 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds12 records

Investors19 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kiavi