Kiavi Completes $350 Million Securitization to Expand AI-Driven Lending Capacity

Kiavi has closed a $350 million rated securitization of residential transition loans, announced in a press release. The transaction marks Kiavi's sixth rated securitization and 24th deal under its LHOME shelf, bringing its total offered notes to over $6.8 billion since inception.

The offering included A1, A2, M1, and M2 classes of notes, all fully placed and oversubscribed by more than five times capacity. The deal features a two-year revolving period, allowing principal payoffs to be reinvested into new loans, creating up to $1.2 billion in additional funding capacity.

Morningstar DBRS provided a credit rating for the transaction. Nomura Securities International served as the sole structuring agent, with Nomura, Barclays Capital, Deutsche Bank Securities, and Performance Trust Capital Partners acting as joint bookrunners and co-lead managers.

In 2025, Kiavi originated $7.8 billion in loan volume, a 20% increase over the prior year. The company also expanded into 17 additional U.S. states and became the first non-bank lender to fund over 100,000 loans to real estate investors. Its AI-powered platform supports automated document review, instant project analysis, and mobile progress tracking for real estate financing.