Kiavi, has expanded its services into three new states: Wisconsin, Alabama and Arkansas. Kiavi will now offer bridge and rental loan products in these new states enabling real estate investors (REIs) to expand and scale their businesses to additional markets.
Founded in 2013, Kiavi (formerly known as LendingHome) has funded more than $10.7 billion in loans completing over 46,000 projects.
Michael Bourque, CEO of Kiavi, said they are thrilled to support real estate investors in Alabama, Arkansas and Wisconsin:
“We are 5.5 million housing units short in the United States. Current supply chain shortages are already pointing to a slowdown in new construction. With millennials entering their prime home buying years, it is even more important that we, as a nation, work together to close the housing gap and work towards rehabilitating America’s aging housing stock especially at a time when over two-thirds of U.S. homes are over 30 years old. I am excited to extend our products in these three states and I am confident that with our technology platform REIs can make smarter decisions and unlock the true potential of their real estate investments.”
Kiavi offers fix and flip loans, and bridge loans enabling REIs to raise capital quickly. The company operates in 32 different states as well as Wshington, DC.