Real estate lending platform LendingHome has rebranded as Kiavi as part of a larger strategic initiative, according to the company. The new brand is said to reflect the company’s mission of helping “real estate investors realize the full potential of their real estate investment strategies. ”
Kiavi reports more than $7.8 billion in loans funded and over 35,000 projects. These data points improve the development of Kiavi models, and the Fintech says it can help real estate investors supplement their own local market knowledge to make better, more informed decisions.
Michael Bourque, CEO of Kiavi, said he was thrilled to announce the change:
“Kiavi represents our focus and commitment to help our customers throughout the real estate lifecycle, and I am excited to kick-off this new chapter. We face a chronic housing shortage in the U.S. With the cost of raw materials rising and a lack of move-in-ready homes, the dream of owning a home is becoming a challenge for many Americans. Our customers, real estate investors, are helping bridge the gap by revitalizing neighborhoods and rehabilitating homes across the country. We recognize that it can be challenging for our customers, particularly in the current environment, to evaluate their investment strategy. We hope that with our technology and insights we will be able to help our customers maximize the full potential of their investments.”
Earlier this month, Kiavi reported that it had closed on $388 million revolving mortgage-backed securitization transaction that is expected to provide capital that supports approximately $1.2 billion in originations. Kiavi targets the bridge and rental sector and providing financing to these property investors.
The company announced its intent to rebrand last September explaining that the new name, which comes from the phonetic representation of the Italian word “chiave,” or “key” in English, embodies the company’s aspirations.