Kiavi Expands Lending Services to 13 New States for Investors
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Kiavi Expands Lending Services to 13 New States for Investors
Kiavi, a leader in providing financing to residential real estate investors, has made a significant decision to expand its services into 13 new states. This change means that Kiavi is now able to offer fast, easy, reliable, and transparent financing to real estate investors in a total of 45 states and Washington, D.C.
Meeting the Needs of Real Estate Investors
Real estate investors are relying heavily on Kiavi as they work to scale their operations. The Kiavi platform is uniquely designed to leverage data and technology. This advanced approach allows investors to gain access to much-needed capital swiftly and reliably, making the process easier overall.
Addressing the Housing Supply Shortage
The U.S. housing market currently faces a significant shortage, with an estimated 4.9 million housing units lacking to meet demand. Kiavi aims to fill this gap by providing financing options for projects like fix-and-flip, new construction, and rental property loans. With these options available in 45 states and Washington, D.C., investors can actively contribute to creating more affordable housing.
Comments from Kiavi's Leadership
According to Arvind Mohan, CEO of Kiavi, 'Our expansion into these 13 additional markets enables us to equip even more real estate investors with the capital they need.' He emphasized the importance of independent local investors in addressing the nationwide housing crisis and expressed excitement about the opportunity to support these entrepreneurs in their communities.
Record Growth and Future Prospects
2024 was a remarkable year for Kiavi, characterized by record financial performance. The company originated a total of $6.5 billion in loans, marking an impressive 46% increase from the previous year, despite facing the lowest home sales in nearly 30 years.
Significant Milestones
Kiavi did not just stop at increasing loan origination; it also saw a growth in its active customer base, now exceeding 5,500, a notable 30% year-over-year increase. Furthermore, Kiavi successfully completed five RTL securitizations amounting to close to $2 billion and improved its product offerings by launching a new construction financing product specifically tailored for real estate investors.
Kiavi: A Leader in Real Estate Financing
Kiavi is known as a top lender to residential real estate investors across the United States. The combination of its robust technology platform and data-driven strategies allows Kiavi to provide a transparent online experience with competitive pricing and dependable capital access.
About Kiavi
With over $23 billion in funded loans, Kiavi stands out as one of the largest private lenders for residential real estate investors in the nation. Committed to leveraging data and technology, Kiavi offers a simpler and faster means for investors to access capital necessary for scaling their businesses. The company, formerly recognized as LendingHome, plays a vital role in revitalizing the U.S. housing stock, aiming to provide move-in ready homes for millions.
Frequently Asked Questions
What is the recent expansion by Kiavi?
Kiavi recently expanded its lending services to 13 new states, allowing it to serve real estate investors in a total of 45 states including Washington, D.C.
How is Kiavi helping address the housing shortage?
By providing various financing options such as fix-and-flip and rental property loans, Kiavi enables investors to create more affordable housing units in underserved markets.
Who is the CEO of Kiavi?
Arvind Mohan is the CEO of Kiavi, and he emphasizes the importance of supporting local real estate investors in combating the housing crisis.
What financial achievements did Kiavi reach in 2024?
In 2024, Kiavi reached a record loan origination of $6.5 billion, marking a significant growth compared to previous years, along with increasing its customer base by 30%.
What does Kiavi offer to its investors?
Kiavi offers a unique platform that combines data and technology to provide real estate investors with reliable, fast, and transparent access to capital, making it easier to scale their businesses.
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