Kiavi lands another $300M in its latest RTL securitization
Summary
Kiavi reported that the offered notes were oversubscribed by five times its capacity as institutional investors showed interest. The deal leaves room for reinvestment via a two-year window, allowing investors to reuse principal payoffs to purchase newlyoriginated loans.This move follows Kiavis recent expansion announcement, in which it shared plans to offer its products in 13 new states. And with more markets under its belt, more funding is an important factor in the companys future growth.This transaction adds over $1 billion of funding capacity throughout its lifetime, further strengthening Kiavis ability to provide more real estate investors across the nation with the capital they need to grow, Arvind Mohan, CEO of Kiavi, said in a statement.Kiavis data advantage and differentiated, technology-led approach drives our consistent track record of performance and risk-adjusted returns. The company reportedly originated $6.5 billion in loan volume last year, up 46% from 2023. Kiavi has funded more than $23 billion in loans since its inception.The company closed multiple RTL securitizations last year, including a $350 million transaction in the first quarter.