US based LendingHome, a Major Lender to Real Estate Investors, to Soon Rebrand as Kiavi

LendingHome, one of the country’s largest lenders to real estate investors, reveals that it will change its name in “coming months” and rebrand as Kiavi.

According to a release shared with CI, the new name, which comes from the phonetic representation of the Italian word “chiave” (meaning “key” in English), embodies the firm’s aspirations.

As Kiavi, the firm intends to keep expanding its support of real estate investors, in order to assist them with tapping into the value of America’s “aged” homes. With more than 65% of American  homes now more than 30 years old, the company is proud to “serve real estate investors as they renovate and deliver move-in-ready homes to countless families.”

Michael Bourque, CEO at the company, noted that they’re quite proud of the work they’ve done to develop a tech platform designed specifically for the current residential real estate investor, and to have “assembled an industry-leading team to serve our customers.”

Bourque added:

“As the company transitions to Kiavi, management’s goal is to continue expanding the tools available to investors across the real estate investment lifecycle. We believe there is a tremendous opportunity to bring technology and data-driven insights to the entire process.”

For many years, real estate investors “wrestled with antiquated, inefficient, paper-based processes, some of which still exist today,” the announcement noted.

LendingHome claims that it has “emerged as a leader in the bridge-financing space by taking a data and technology-powered approach and dramatically simplifying those outdated processes.”

As Kiavi, the firm will keep leveraging AI-enhanced analytics to “empower real estate investors to make smarter decisions while streamlining those transactions with a custom-built tech platform.” Around  93% of Kiavi customer projects “exit successfully as compared to the 76% industry average,” the update revealed.

The new name also “reflects the significant transformation and growth the company has undergone,” the release noted.

In 2019, as demand for single family homes and rentals surged, the firm “expanded its offerings to include rental loans to assist investors engaging in strategies to buy, renovate and rent out move-in-ready homes,” the announcement confirmed.

In order to assist clients with one of their most pressing requirements – “locating investment properties” – LendingHome introduced the Property Marketplace last year.

Earlier this year, the company launched a pilot program “involving portfolio rental loans, including $9.3 million in refinancing for a 56-unit, new Single-Family Rental home community in Florida.”

As stated in the update:

“Under the Kiavi brand, the company will adopt a motto that defines the company’s commitment to supplying investors with what they need most: Speed to close. Power to scale. Speed is crucial in real estate investing and not just when it comes to acquiring a loan. Timing is paramount all the way down the line: buying a property, managing renovations, selling a home, or making it available for rental.”

“Power to scale” references Kiavi’s tech platform and reliability of capital, which investors “can depend on to grow their business into the future with confidence,” the update noted.

Bourque further noted:

“As Kiavi, we will build on the insights we’ve gained through funding over $7.8 billion in loans across 35,000 projects across the country. With over 900 million data points to inform our machine learning models, we’re looking forward to continuing to build on this experience to help real estate investors grow and scale. The new brand sets us up for our next chapter.”

As previously reported, LendingHome is one of the leading lenders for residential investors in the US, with over $7.8 billion in loans originated.

Of note is the news that earlier this month, LendingHome closed on a $388 million securitization fo residential “transition” loans – the largest ever for the Fintech. This was the 6th securitization and the company began sponsoring securitizations in 2019.

Launched in 2013, LendingHome aims to make it easy for professional and first-time real estate investors to “quickly and reliably receive the financing they need for their projects and businesses to thrive.”

Using a combination of innovative tech and professional advice, LendingHome is “adding flexibility and simplicity to the real estate investment process.”

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