Tech Enabled Lender is the first and only non-QM financing partner for US real estate investors to achieve this milestone
SAN FRANCISCO, Nov 28 2022 /PRNewswire/ — Kiavia leading provider of financing to real estate investors (REIs), announced today that it has surpassed 50,000 funded bridge and fix-and-flip loans since its inception in 2013. Citing real estate data powered by ATTOM, Kiavi is the first and only non-QM lender to property investors to achieve this milestone.
“We are delighted to reach this major milestone. Our customers have always been the heartbeat of our business and we are honored that they consistently turn to Kiavi for fast, simple and reliable fix-and-turn financing,” said Michael Bourque, Chief Executive Officer, Kiavi. “For us, this milestone is more than a number. We are truly privileged to be able to revitalize so many clients’ important work in nursing homes across the country,” he added.
Kiavi’s bridge and fix-and-flip loans provide short-term financing to REIs purchasing and rehabilitating investment properties. The company has quickly become one of the top destinations for REIs looking to buy, renovate and sell a home, in part because of its data and technology platform. Kiavi uses data from its 50,000 fix-and-turn transactions to power its machine learning models, which help its clients make smart investment decisions. This platform also enables lenders to close much faster than traditional financing options by eliminating time-consuming and extraneous elements of the lending process.
“It’s humbling to be the only lender in our space to fund 50,000 bridge and fix-and-flip loans,” said Stephanie Casper, Chief Revenue Officer, Kiavi. “This milestone is a testament to Kiavi’s leading data models and technology platform, as well as our team’s unwavering commitment to our customers. We remain committed to putting Kiavi’s data and capital to work to help each of our customers live better through real estate,” she added.
Over the past nine years, Kiavi has helped investors to more than $4.1 billion in real estate value by over funding $12.3 billion in fix-and-turn loans. About 82% of Kiavi’s transactions are with repeat customers, and 95% of Kiavi’s funded loans have successful exits. The company offers fix-and-flip loans as well as rental property loans in 32 states.
Kiavi was recently recognized on Inc. magazine’s 2022 Best Places to Work list and won for the fifth consecutive year the 2022 HousingWire Tech100 Real Estate Awardwhich recognizes the most innovative technology companies in the housing economy.
Kiavi uses the power of data and technology to bring real estate investor lending into the digital age. Through Kiavi’s digital platform, real estate investors are empowered to make smarter decisions, access funding faster and scale their business. Founded in 2013, formerly known as LendingHome, Kiavi has grown to become one of the largest lenders to property investors in the United States. The company is committed to helping customers revitalize approx $25 trillion value of America’s aging housing stock and provide move-in ready homes and rental housing for millions of Americans across the country. For more information, visit www.kiavi.com. NMLS ID #1125207
SOURCE Kiavi Inc.