Kiavi kicks off 2025 by closing a $300 million rated securitization of residential transition loans
PITTSBURGH – Feb. 13, 2025 – Kiavi, a leading tech-enabled lender to residential real estate investors, today announced it closed a $300 million rated securitization of residential transition loans (“RTLs”). This is Kiavi’s 21st transaction under its LHOME shelf, bringing its total to $5.8 billion in offered notes since it began its securitization program in 2019.
Due to significant interest from a broad set of institutional investors, including several first-time investors, the offered notes were oversubscribed by five times its capacity. The offered notes are in four classes, A1, A2, M1, and M2, all of which were sold. The deal includes a two-year revolving period, during which principal payoffs can be reinvested to purchase additional newly originated loans, creating additional funding capacity.
“Our customers depend on Kiavi’s fast, reliable and transparent capital to scale their businesses. This transaction adds over $1 billion of funding capacity throughout its lifetime, further strengthening Kiavi’s ability to provide more real estate investors across the nation with the capital they need to grow,” said Arvind Mohan, CEO of Kiavi. “Kiavi’s data advantage and differentiated, technology-led approach drives our consistent track record of performance and risk-adjusted returns. This transaction further expands our funding capacity so we can continue to capitalize on our strong momentum,” he concluded.
Morningstar DBRS provided a credit rating on the deal. Barclays Capital, Inc. (“Barclays”) was the sole structuring agent. Barclays, Nomura Securities International, Inc., and Performance Trust Capital Partners, LLC were joint bookrunners and co-lead managers on the transaction.
This deal comes on the heels of a record year for Kiavi. In 2024, Kiavi originated a record $6.5 billion in loan volume, a 46% year-over-year increase, especially notable in a year with the lowest level of home sales in nearly three decades according to the National Association of Realtors. In 2024, Kiavi also increased its active customer base to more than 5,500, a 30% year-over-year increase, closed five RTL securitizations for almost $2 billion, and expanded its product suite by launching a new construction financing product.
Kiavi is already off to a strong start in 2025. In addition to announcing this transaction, Kiavi recently expanded into 13 additional states, broadening its reach to serve real estate investors in 45 states and Washington, D.C.
Kiavi is a top lender to residential real estate investors in the United States. The company's technology platform, data-driven approach, and leading capital execution allow Kiavi to provide real estate investors with a transparent online experience, competitive pricing, and reliable capital to scale their businesses.
About Kiavi
With more than $23 billion in funded loans, Kiavi is one of the nation's largest private lenders to residential real estate investors (“REIs”). Kiavi harnesses the power of data & technology to offer REIs a simpler, more reliable, and faster way to access the capital they need to scale their businesses. Formerly known as LendingHome, Kiavi is committed to helping its customers revitalize the approximately $25 trillion of aged U.S. housing stock to provide move-in ready homes and rental housing for millions of Americans across the country. For more information, visit www.kiavi.com.