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kiavi.com

Founded Year

2013

Stage

Series E | Alive

Total Raised

$241.3M

Last Raised

$75M | 2 yrs ago

About Kiavi

Kiavi combines technology, consumer experience, data analysis, and a private investment platform to provide real estate loans that are fast, flexible, and competitively priced. The company makes it possible for everyone from the small common investor up to the large institutional fund to invest in real estate securities that have attractive yields and are easy to understand.

Kiavi Headquarters Location

575 Market Street Suite 1600

San Francisco, California, 94105,

United States

844-415-4663

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Research containing Kiavi

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Kiavi in 3 CB Insights research briefs, most recently on Dec 8, 2021.

Expert Collections containing Kiavi

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Kiavi is included in 6 Expert Collections, including Mortgage Tech.

M

Mortgage Tech

218 items

Companies here streamline and digitize the mortgage lending process. Collection includes direct lenders, mortgage brokers, process optimization technologies for lenders, as well as tools that support borrowers throughout the search and application phases.

R

Real Estate Tech

2,258 items

Startups in the space cover the residential and commercial real estate space with a focus on consumers. Categories include buying, selling and investing in real estate (iBuyers, marketplaces, investment/crowdfunding platforms), and also tenant experience, property management, et

F

Fintech 250

498 items

D

Digital Lending

1,697 items

This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.

T

Tech IPO Pipeline

286 items

F

Fintech

7,548 items

US-based companies

Kiavi Patents

Kiavi has filed 2 patents.

The 3 most popular patent topics include:

  • Banking
  • Credit
  • Loans
patents chart

Application Date

Grant Date

Title

Related Topics

Status

7/14/2016

Loans, Mortgage, Workflow technology, Credit, Banking

Application

Application Date

7/14/2016

Grant Date

Title

Related Topics

Loans, Mortgage, Workflow technology, Credit, Banking

Status

Application

Latest Kiavi News

Kiavi says it’s still making loans to real estate investors after layoffs

Jul 19, 2022

Kiavi says it's still making loans to real estate investors after layoffs Kiavi says it's still making loans to real estate investors after layoffs After unloading $218M in unrated residential transaction loans in June, CEO Michael Bourque said markets for such deals 'are certainly tough right now' Getty Images. From: Inman Connect In a shifting real estate market, the guidance and expertise that Inman imparts are never more valuable. Whether at our events, or with our daily news coverage and how-to journalism, we’re here to help you build your business, adopt the right tools — and make money. Join us in person in Las Vegas at Connect , and utilize your Select subscription for all the information you need to make the right decisions. When the waters get choppy, trust Inman to help you navigate. Kiavi, a San Francisco-based provider of financing to house flippers and long-term real estate investors, is downsizing just weeks after offloading more than $200 million in loans to Wall Street investors. The layoffs were first reported by HousingWire citing anonymous sources who said 39 employees were laid off Wednesday. One of those sources reported that Kiavi CEO Michael Bourque told employees, “Because we are in the hard money space, we don’t have a lot of investors willing to buy our assets because of the rate hikes,” HousingWire reported. Kiavi confirmed that it has laid off employees, but declined to comment on the number of workers let go or how many are still employed, in a statement provided to Inman. Before the layoffs, the San Francisco Business Times reported on June 23 that Kiavi employed about 525 workers. After Kiavi announced its latest securitization of $218 million in unrated residential transaction loans (RTLs) last month, Bourque told the San Francisco Business Times that the markets for such deals “are certainly tough right now.” “We’ve built up a strong track record now with institutional investors, so obviously prices are changing and the markets are a bit different, but we’re very happy with the execution,” Bourque told the publication . Founded in 2013, Kiavi makes short-term “fix and flip” bridge loans of up to $1.5 million available to qualified investors who can fund up to 90 percent of a home’s purchase price without having to verify their income, employment or assets. Kiavi also offers longer-term funding to investors who want to buy and hold one- to four-unit rental properties. Kiavi said the company is adjusting to changing markets, but continues to offer loans to flippers and long-term investors, in its statement to Inman. “We definitely have investors interested in buying our loans,” the statement said. “Fed rate hikes and uncertainties around recession, housing impacts are affecting a lot of asset classes, and bridge loans are not immune to those effects. We continue to adjust our credit and pricing prudently to address the changing markets and remain focused on serving our customers.” “Kiavi is absolutely continuing to make business-purpose bridge loans without individual income and employment verification, as our loan decisioning is focused on evaluating the investment project,” the company said. “We are also continuing to make rental loans to real estate investors. We are focused on delivering outstanding products and services to our customers. The headcount reduction has not changed that.” Mass layoffs at two “non-QM” lenders — Sprout Mortgage and PIMCO-backed First Guaranty Mortgage Corp. — have raised questions about a small but growing corner of the mortgage business that largely serves self-employed borrowers. Because non-Qualified Mortgage loans don’t have the backing of mortgage giants Fannie Mae and Freddie Mac, they can be harder to bundle up into mortgage-backed securities for sale to investors who fund most U.S. home loans. The securitization announced by Kiavi on June 22 was the ninth such deal since 2019, the company said. Because the securitization included a two-year revolving period during which principal payoffs can be reinvested in purchasing additional newly originated loans, the deal was expected to support up to $750 million in loan originations. In May, Kiavi said it had funded more than $10 billion in loans for more than 46,000 projects through March 31. After expanding into Alabama, Arkansas, Indiana, Kansas and Wisconsin this year, Kiavi said it was operating in 32 states and Washington, D.C. Get Inman’s Extra Credit Newsletter delivered right to your inbox. A weekly roundup of all the biggest news in the world of mortgages and closings delivered every Wednesday. Click here to subscribe.

Kiavi Web Traffic

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Kiavi Rank

  • When was Kiavi founded?

    Kiavi was founded in 2013.

  • Where is Kiavi's headquarters?

    Kiavi's headquarters is located at 575 Market Street, San Francisco.

  • What is Kiavi's latest funding round?

    Kiavi's latest funding round is Series E.

  • How much did Kiavi raise?

    Kiavi raised a total of $241.3M.

  • Who are the investors of Kiavi?

    Investors of Kiavi include Benefit Street Partners, Fort Ross Ventures, Noah Holdings, Sberbank, Grupo Sura and 7 more.

  • Who are Kiavi's competitors?

    Competitors of Kiavi include Habito, Point Digital Finance, AlphaFlow, Roofstock, Hometap, Better.com, Fund That Flip, Reonomy, Blend, LendInvest and 12 more.

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