A Broker's Guide to Kiavi's Fix-and-Flip and Bridge Loans
Kiavi's rental loan options are tailored to real estate investors and the way they do business. Each loan product is designed with flexibility in mind, offering competitive rates, favorable terms, and higher leverage to match the needs of clients at any experience level. Our variety of loan options ensures brokers can align financial solutions with each client's specific investment strategy, providing the right tools to expand their portfolios. Kiavi also uses cutting-edge technology to streamline the lending process, which simplifies the application and approval process and enhances overall efficiency.
Rental financing solutions
Kiavi's rental financing suite offers new purchase, rate term, and cash-out refinance options for single-family rental (SFR), PUDs, 2-4 units, and condos. Let's take a look at how these options cater to a wide range of real estate investment strategies:
Single-asset DSCR rental
Perfect for investors aiming to acquire new rental properties, offering the benefits of property appreciation with flexible terms lengths, low rates, and easy processes—offering the financial backing your clients need to expand their rental portfolios.
Rental portfolio
Specifically designed for investors with multiple rental properties, this option consolidates 5+ properties under one low monthly payment and is customizable to make it easy for your clients to manage their growing portfolios.
Refinancing options
Your clients can easily refinance to improve their loan rates or terms. They can also tap into the equity of their existing investment properties with a cash-out refinance. This can provide the capital they need for acquiring new properties, rehab projects or other financial needs.
5/1 and 7/1 ARMs
These loan options are for real estate investors looking to boost their monthly cash flow. With options like the 5/1 ARM, offering a fixed rate for the first five years, and the 7/1 ARM, offering a fixed rate for the first seven years—each including both fully amortizing and interest-only payment options—Kiavi's ARMs cater to a variety of real estate investment timelines and cash flow requirements.
The standard borrower
Both new real estate investors who are just entering the market and experienced real estate investors who complete a small number of deals a year can discover flexible financing options tailored to their evolving strategies and needs.
The pro borrower
Seasoned, high-volume real estate investors seeking efficient, scalable financing solutions will find Kiavi's rental loans perfectly aligned with scaling their businesses.
The broker community
By leveraging Kiavi's rental loans, brokers can enhance their service offerings with customized financing solutions and competitive deals that align with the unique needs of real estate investor clients and their businesses. Plus, brokers can enjoy additional benefits, like earning up to 1.00% in Yield Spread Premium (YSP), distributed after loan closure, alongside competitive service fees.
Getting started with Kiavi
Kiavi is committed to helping brokers succeed with our custom online technology platform to access financing quickly, efficiently, and reliably for your clients. Follow these steps to get started:
Access your Kiavi broker portal
Accessing your Kiavi broker portal is an essential first step in managing your real estate financing deals efficiently. If you already have an account, simply log into your broker portal to get started. If you're new to Kiavi or haven't yet created an account, signing up is quick and easy.
Provide required documents
Complete the electronic signing process for our broker agreement, which outlines the terms and conditions of our partnership. Also, gather and submit all the necessary documentation as outlined in the application. This includes state-specific broker licenses. Ensuring that all required documents are accurately provided helps expedite the approval process and ensures that you can start leveraging Kiavi's resources and services without delay.
Complete the application process
The application process is fast and easy, only taking about 15 minutes to complete. Once you've submitted your application, our team will promptly review it. Once approved, you'll get immediate access to confidently support your real estate investor clients and submit new deals. Our tech-driven platform makes managing loan applications and tracking progress fast and easy.
Getting a loan analyst assigned
Once you've completed all the items on your dashboard, a dedicated loan analyst is assigned to your loan. This professional will review your application and guide you through any remaining requirements.
For both purchase and refinance: Property access instructions, required entity information, DSCR figures, details on all entities and individuals part of the borrowing organization, guarantor(s)' SSN and DOB, hazard insurance agent information, closing agent information, and payment for appraisal. You will also be asked to upload these documents:
- The executed purchase contract and addenda (if applicable)
- A voided check for monthly ACH auto-debit
- The borrower's current formation document
- The borrower's current organizational agreement
- The signed borrowing authorization form.
- Broker disclosure form
Completing the valuation
Valuation is a critical step that estimates the property's current value, aiding our underwriters in providing an accurate loan assessment. Ensure property access and contact information for the inspection agents are ready, and be aware that some appraisals may require a second valuation at an additional cost.
Moving to underwriting
Underwriting sets the loan's expectations and ensures compliance with Kiavi's guidelines. Your loan can only proceed with a complete valuation, the preliminary title commitment, estimated fees, tax certification, and payoff details (for refinances).
Getting the clear to close
Specific documentation, including closing instructions, a closing protection letter, and hazard insurance, must be provided before officially closing the loan.
Moving to the closing team
To facilitate the closing process, prepare answers to essential questions regarding the signing parties, the availability for signing, clear title, borrower's funds at closing, and the final purchase price. The closing team will also need to know where to send loan documents.
Following these steps ensures a seamless transition from application to closing, underscoring Kiavi's commitment to supporting brokers and their clients through every phase of the loan process.