HousingWireHousingWire
Residential real estate capital provider Kiavi announced Monday that it is expanding into 13 additional states, broadening the company’s reach to 45 states and Washington, D.C.
The expansion includes the states of Alaska, Delaware, Hawaii, Idaho, Iowa, Louisiana, Maine, Montana, Nebraska, New Hampshire, North Dakota, South Dakota and Wyoming.
“Kiavi’s expansion into these 13 additional markets provides an immediate opportunity to equip more real estate investors with the fast, reliable, and transparent capital they need to create move-in ready housing while scaling their businesses,” Arvind Mohan, CEO of Kiavi, said in a statement.
“Independent, local real estate investors play a critical role in combating the nation’s housing crisis, and we couldn’t be more excited to help these entrepreneurs grow their impact on these local communities.”
The market expansion comes on the heels of a heavy volume year for the San Francisco-headquartered lender. In 2024, Kiavi reportedly originated a record $6.5 billion in loans, which the company said marked a 46% year-over-year increase.
In July 2024, Kiavi announced its closing of a $350 million securitization of residential transition loans (RTLs), bringing its six-month volume of issuances to nearly $1 billion.
In February 2024, the company announced another $350 million bundling of RTLs, and it followed that with a $300 million deal in May 2024. The company said that in 2024, it increased its active customer base to more than 5,500 (up 30% from 2023). It also closed five RTL securitizations for nearly $2 billion and expanded its product suite by launching a new construction financing product.