Actual property finance supplier Kiavi introduced it surpassed 50,000 funded bridge and fix-and-flip loans since its inception in 2013. Mentioning belongings information powered through ATTOM, Kiavi is the primary and handiest non-QM lender to actual property buyers to succeed in this milestone.
Kiavi’s bridge and fix-and-flip loans supply momentary financing to REIs who acquire and rehab funding homes.
The corporate draws REIs having a look to shop for, renovate, and promote a house due partly to its information and era platform. Kiavi makes use of information from its 50,000 fix-and-flip transactions to energy its machine-learning fashions, which assist its consumers make good funding choices.
This platform additionally permits debtors to near a lot quicker than conventional financing choices through getting rid of time-consuming and extraneous parts of the lending procedure.