Kiavi, an online mortgage lender, has securitized $209 million in real estate loans, according to a company statement. This is the 12th securitiztion that Kiavi has completed and the second securitization this month. In total, Kiavi reports that the company’s total issuance in notes now stands at around $2.96 billion.
Barclays Capital was the sole structuring agent of the deal with Barclays, Nomura Securities International, Inc., and Performance Trust Capital Partners, LLC being joint bookrunners and co-lead managers on the transaction.
Arvind Mohan, Chief Executive Officer of Kiavi, said the transaction is a particularly interesting due to the “turbelant market. Mohan said the securitization sends a message that “Kiavi is a stable, proven and reliable partner.”
“The fact that we are continuing to close securitizations and add new investors despite the challenging macroeconomic environment is a testament to Kiavi’s proven ability to provide meaningful returns to institutional investors.”
In 2022, Kiavi reports that it funded a record $4.4 billion in loan volume to more than 5,600 customers. Kiavi claims it is now one of the top destinations for real estate investors looking to buy, renovate or sell/rent a home.