Kiavi, a leading tech-enabled lender specialising in residential real estate investment, has secured $300m through a rated securitisation of residential transition loans (RTLs).
This marks the company’s 21st transaction under its LHOME shelf, bringing its total offering to $5.8bn since launching its securitisation programme in 2019.
Investor interest in the securitisation was strong, with the notes being oversubscribed by more than five times their initial offering. The notes, categorised into four classes—A1, A2, M1, and M2—were fully sold. Several first-time institutional investors participated in the transaction. The deal includes a two-year revolving period, allowing principal repayments to be reinvested into newly originated loans, thereby expanding the company’s funding capacity.
Kiavi provides real estate investors with fast and reliable access to capital through its data-driven technology platform. The firm’s lending solutions support residential real estate investors looking to scale their businesses, offering a transparent and efficient funding process.
Morningstar DBRS provided a credit rating on the transaction, while Barclays acted as the sole structuring agent. Barclays, Nomura Securities International, and Performance Trust Capital Partners served as joint bookrunners and co-lead managers.
Kiavi’s latest securitisation follows a record year in 2024, during which the company originated $6.5bn in loans—marking a 46% year-over-year increase—despite a sluggish housing market. The firm also grew its active customer base by 30% to over 5,500 clients and completed five RTL securitisations worth nearly $2bn. Additionally, Kiavi introduced a new construction financing product to expand its offerings.
The company has entered 2025 with strong momentum, recently expanding its operations to 13 new states, bringing its total coverage to 45 states and Washington, D.C.
Kiavi CEO Arvind Mohan said, “Our customers depend on Kiavi’s fast, reliable, and transparent capital to scale their businesses. This transaction adds over $1bn 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.
“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.
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