Kiavi closes $400 million rated securitization of resi...

Kiavi closes $400 million rated securitization of residential transition loans, locking in up to $1.3 billion of funding capacity

PITTSBURGH - Aug. 26, 2025 - Kiavi, a leading tech-enabled lender to residential real estate investors, today announced the closing of a $400 million rated securitization of residential transition loans ("RTLs"). This deal is Kiavi's fifth rated securitization and 23rd transaction under its LHOME shelf, bringing its total to over $6.4 billion in offered notes since 2019.

The offering was met with significant demand from a broad set of institutional investors, including five first-time investors, oversubscribing the deal by more than five times its capacity. The offered notes were in A1, A2, M1, and M2 classes, which were all sold. The deal includes a two-year revolving period, allowing principal payoffs to be reinvested by purchasing additional newly originated loans, creating a projected $1.3 billion in additional funding capacity.

"Closing our largest deal in almost a year with such strong demand amid a challenging macroeconomic backdrop demonstrates the confidence investors have in Kiavi and our ability to generate risk-adjusted returns for our capital partners," said Arvind Mohan, CEO of Kiavi. "Kiavi's data advantage, technology platform, and AI-powered processes - paired with this additional $1.3 billion of projected funding capacity - will enable us to provide even more real estate inventors with the transparency, confidence, speed, and capital they need to combat the housing shortage by creating move-in ready homes across the nation," 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, and Deutsche Bank Securities, Inc. was co-manager on the transaction.

This deal follows a period of record growth for Kiavi. The company originated a record $4.5 billion in loan volume in the first seven months of 2025, a 26% increase over the same period last year despite existing home sales decreasing by 1.3%, according to John Burns Research and Consulting.
Fueling this growth is Kiavi's commitment to building technology and AI-powered processes that put clear insights and capital directly in the hands of real estate investors, enabling them to invest smarter, close deals faster, and scale their businesses. Examples of Kiavi's recent platform enhancements include:

• After-Repair Value and Cash-to-Close Estimator: Instantly assesses a property's potential, helping real estate investors determine their return on investment.
• AI-Powered Automated Document Review: Instantly extracts and validates data, speeding up reviews of borrowers' documents such as purchase agreements to make the loan application process even faster.
• Scaled Virtual Inspections: Allows borrowers to upload photos of their project's progress via a mobile app to access their draw funds, rather than scheduling in-person inspections.

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 $29.5 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.

Media contact

[email protected]