About KIAVI
KIAVI is a direct private lender focusing on investment residential fix-and-flip, bridge, rental property loans, and DSCR loans. KIAVI’s interest rates start at 6.375% and are available for a short term of 12 to 24 months, or a long term up to 30 years. The company offers financing up to 95% of a properties purchase price or loan-to-cost and will consider financing up to 100% of your renovation (rehab) budget as well.
KIAVI is a great option for borrowers looking for short-term, or long-term affordable financing to capitalize on an opportunistic real estate transaction. KIAVI is a nationwide private lender currently providing loans in AL, AZ, AR, CA, CO, CT, FL, GA, IL, IN, KS, KY, MA, MD, MI, MN, MO, NC, NJ, NV, NY, OH, OK, OR, PA, SC, TN, TX, VA, WA, WI, WV, and Washington D.C. KIAVI funds investment residential property only and does not make owner-occupied home loans.
The firm is headquartered in San Francisco, CA and has funded in excess of $21 billion spread out over 80,000 investment residential projects.
Loan Programs
KIAVI is one of the nation’s largest private lenders and fix-and-flip lenders, and provides short-term bridge loans, and long-term rental loans up to $3 million secured by investment residential real estate. KIAVI specializes in delivering financing secured by non-owner occupied 1 to 4 unit residential property. Loan proceeds can be used for purchase, refinance, cash-out, fix-and-flip, or renovation. KIAVI prides itself on having low fees, a simple and fast process, and a flexible and tailored borrowing experience.
Below is a sampling of reasons why a borrower would seek financing from KIAVI:
- The borrower is a new or seasoned property investor looking to fix-and-flip, purchase, refinance, renovate, or pull cash-out of an investment residential property.
- When short-term, or long-term, competitively priced investment residential real estate financing that can close quickly is required.
- The borrower wants a well capitalized, efficient, affordable, and technology-based lending partner to help build or scale his or her investment residential real estate business.
- For property investors looking to use both bridge and rental loans for the BRRRR (buy, rehab, rent, refinance, repeat) strategy to increase their portfolio and long-term cash flow.
Bridge Loan Program Highlights / Guidelines
A private loan or bridge loan, is a short-term loan that usually assists in bridging a borrower from a less favorable situation to a more favorable situation. Investment residential real estate collateral is essential to KIAVI’s programs and borrowers without investment residential real estate are not eligible for financing.
- Loans secured by non-owner occupied single family, 2 to 4 unit residential, town homes, condominiums, and PUDs
- Financing for purchase and rehab (fix-and-flip), renovation, value add re-positioning, bridge to refinance, refinance, cash-out refinance
- Loan-to-cost (LTC) generally up to 95%, and up to 100% of the rehab budget financed
- 1st lien mortgages only, guaranteed personally and by the borrowing entity (when applicable)
- No appraisal required for fix and flip or bridge loans
- 12, 18, and 24 month loan terms
- Interest rates start at 8.25%
- Closings in as few as 10 business days
- Simple 3 minute loan application and no upfront fees
- Online application, underwriting, and draw process easily navigated through your own borrower dashboard
Rental or DSCR Loan Program Highlights / Guidelines
KIAVI’s long-term rental loans also known as debt service coverage ratio (DSCR) loans or no-income mortgages, do not require tax returns or personal income documentation.
- Loans secured by non-owner occupied single family, 2 to 4 unit residential, and PUDs
- Buy-and-hold financing for purchase, refinance, or cash-out refinance
- Loan-to-value (LTV) generally up to 80%
- 1st lien mortgages only, guaranteed personally and by the borrowing entity (when applicable)
- 5, 7, and 30-year fixed mortgages available
- Interest rates start at 6.375%
- Interest-only options
- Closings can occur in as few as 10 business days
- Easy 3 minute loan application, no upfront fees or hard credit pull
The Loan Process
KIAVI’s website offers basic information about how to get started. Applicants are encouraged to fill out a short online loan application to get started.
Documents you may need include:
- Business entity documents (if applicable)
- Scope of work if rehab funds are being requested
- A voided check for the account you want to receive loan funds
Assuming the application information and documentation provided to KIAVI is amenable, loan closing typically occurs within 10 business days. KIAVI has in-house underwriting, processing and servicing which helps expedite the loan process and no appraisal is required for fix and flip or bridge loans. The entire loan process can be conducted and monitored through your borrower dashboard.
Pros
- KIAVI can fund up to $3 million for a variety of investment residential financing purposes, in markets nationwide.
- KIAVI long-term rental loans also known as debt service coverage ratio (DSCR) loans or no-income mortgages, do not require tax returns or personal income documentation.
- KIAVI is America’s largest fix-and-flip lender and has provided in excess of $16 billion spread out over 65,000 investment residential projects.
- KIAVI offers high loan-to-cost (LTC) financing up to 95%, and up to 100% rehab budget financing.
- KIAVI does not require and appraisal for fix and flip or bridge loans, saving borrowers time and money.
- KIAVI operates a simple, fast, and efficient technology based, paperless, borrowing platform that enables it to fund loans in as fast as 10 business days.
Cons
- Larger loans in excess of $3 million are not available through KIAVI.
- KIAVI presently only lends in 32 states plus Washington, D.C.
Why KIAVI is the Best
KIAVI is one of the nation’s largest private lenders, and since its inception in 2013, has provided in excess $16 billion spread out over 65,000 investment residential property projects. KIAVI’s online, technology-based loan process makes borrowing simple and efficient, and eliminates the aggravation that can come from working with traditional lenders. KIAVI offers affordable loans with rates starting at only 6.375% with low closing costs. Property investors can benefit from financing up to 95% loan-to-cost, and closings can occur in as fast as 10 business days to enable borrowers to compete with cash buyers.