Kiavi, a leading tech-enabled lender to residential real estate investors, has announced the closing of a $300 million rated securitization of residential transition loans (RTLs). This marks Kiavi's fourth rated securitization and 22nd transaction under its LHOME shelf, bringing the total to over $6 billion in offered notes since the securitization program began in 2019.

The deal saw significant investor interest, leading to it being substantially oversubscribed. The demand came from a broad set of institutional investors, including five first-time investors. The offered notes included A1, A2, and M1 classes, all of which were sold, along with a pre-placed M2 class. The transaction features a two-year revolving period, allowing principal payoffs to be reinvested in newly originated loans, which is projected to create an additional $1 billion in funding capacity.

Arvind Mohan, CEO of Kiavi, emphasized the company's data advantage, technology platform, and AI-powered processes, enabling them to provide real estate investors with fast and reliable capital. He also highlighted the consistent risk-adjusted returns for capital partners. Mohan noted that this transaction underscores the strength of Kiavi's brand and reputation, as their RTL assets continue to attract significant institutional investor demand despite macroeconomic volatility. The additional $1 billion in projected funding capacity is expected to further support Kiavi's growth and empower real estate investors nationwide.

Morningstar DBRS provided a credit rating on the deal. Nomura Securities International, Inc. served as the sole structuring agent, while Nomura, Barclays Capital, Inc., and Performance Trust Capital Partners, LLC were joint bookrunners and co-lead managers on the transaction.

This securitization follows a record start to the year for Kiavi. In the first four months of 2025, Kiavi originated a record $2.5 billion in loan volume across its various products, representing a 36% increase compared to the same period last year. The company also achieved a monthly volume record in April, with $730 million in loan originations. Kiavi has recently expanded its operations into 13 additional states, extending its reach to serve real estate investors in 45 states and Washington, D.C. Additionally, Kiavi launched an After Repair Value (ARV) and Cash-to-Close Estimator tool to assist investors in quickly assessing the post-renovation value and ROI potential of deals.

Kiavi is recognized as a top lender to residential real estate investors in the United States, leveraging its technology platform, data-driven approach, and capital execution to offer real estate investors a transparent online experience, competitive pricing, and reliable capital.

With over $27 billion in funded loans, Kiavi is among the largest private lenders to residential real estate investors (REIs) in the nation. The company is dedicated to helping its customers revitalize the U.S. housing stock by providing move-in ready homes and rental housing for millions of Americans.