Kiavi
575 Market Street
San Francisco, CA 94105
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About Kiavi
With more than $20B in funded loans, Kiavi is one of the nation’s largest private lenders to residential real estate investors (REIs). Kiavi harnesses the power of data & technology to offer REIs a simpler, more reliable, and faster way to access the capital they need to scale their businesses. Formerly known as LendingHome, Kiavi is committed to helping its customers revitalize the approximately $25 trillion worth of aged U.S. housing stock to provide move-in ready homes and rental housing for millions of Americans across the country. For more information, visit www.kiavi.com. NMLS ID #1125207.
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Loan Types Offered: Fix and Flip Loans, Bridge Loans, Investment Property Loans, Hard Money Loans, Refinance / Cash Out Loans, New Construction Loans
Property Types Covered: Single Family, Multi Family
Areas Served: AZ, CA, CO, CT, FL, GA, IL, KY, MD, MA, MI, MO, NC, NV, NJ, NY, OH, OR, PA, SC, TN, TX, VA, WA, WV, IN, KS, MN, OK, AL, WI, DC, AR
Licenses: NMLS ID #1125207
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Lending Guidelines for Kiavi
Below are the general loan guidelines published on the Kiavi website. Please confirm all terms and rates directly with the lender.
Fix and Flip Loans
Loan Amounts: $100,000 - $3,000,000
Available Rates: 9.25% - 14%
Typical Terms: 18 months - 24 months
Points Charged: 1.5% - 2.5%
Max Loan-to-Value (LTV): 95%
Max Loan-to-Cost (LTC): 95%
Owner Occupied Allowed: NO
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: 640
Time to Close: 7 DaysBridge Loans
Loan Amounts: $100,000 - $3,000,000
Available Rates: 9.25% - 14%
Typical Terms: 18 months - 24 months
Points Charged: 1.5% - 2.5%
Max Loan-to-Value (LTV): 95%
Max Loan-to-Cost (LTC): 95%
Owner Occupied Allowed: NO
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: 640
Time to Close: 7 DaysInvestment Property Loans
Loan Amounts: $75,000 - $2,000,000
Available Rates: 7.25% - 12%
Typical Terms: 60 months
Points Charged: N/A
Max Loan-to-Value (LTV): 80%
Max Loan-to-Cost (LTC): 80%
Owner Occupied Allowed: NO
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: 660
Time to Close: 2 WeeksHard Money Loans
Loan Amounts: $50,000 - $1,500,000
Available Rates: 7.99% - 12%
Typical Terms: 1 months - 24 months
Points Charged: 2% - 4%
Max Loan-to-Value (LTV): 50%
Max Loan-to-Cost (LTC): 50%
Owner Occupied Allowed: NO
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: 620
Time to Close: 1 DaysRefinance / Cash Out Loans
Loan Amounts: $75,000 - $2,000,000
Available Rates: 6.75% - 12%
Typical Terms: 60 months
Points Charged: 1.5% - 2.0%
Max Loan-to-Value (LTV): 80%
Max Loan-to-Cost (LTC): 80%
Owner Occupied Allowed: NO
Interest Only Loans: YES
Prepayment Penalties: YES
Minimum FICO Score: N/A
Time to Close: 3 WeeksNew Construction Loans
Loan Amounts: $150,000 - $3,000,000
Available Rates: 9.95% - 14%
Typical Terms: 3 months - 24 months
Points Charged: N/A
Max Loan-to-Value (LTV): 85%
Max Loan-to-Cost (LTC): 85%
Owner Occupied Allowed: NO
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: N/A
Time to Close: 7 Days -
Loan Examples
The following loans are for education purposes only. They do not represent actual loans executed by Kiavi.
Loan Example 1
LendingHome Corporation issues a hard money loan to Cecile for a remodeling project in Salt Lake City, UT, on a house that costs $210,000. The loan-to-value (LTV) on the deal is 85%. This means that Cecile will have to bring 15% of the sales price to closing and the principle will be $178,500 on the deal. The note is interest-only, with monthly payments, and is for 18 months at 13% interest with 5 points paid at closing.
In accordance with the parameters of the loan, Cecile will need to pay a $8,925 origination fee in addition to 15% of the sales price, or $31,500, since there is a 85% LTV. After the loan is closed and Cecile takes over the project, she will have to begin making monthly payments of $1,934 to the lender ($178,500 principle x 13% / 12 months). If Cecile sells the project for $294,000 after 18 months, she would make a gross profit of $40,268 after deducting the principle amount of $178,500, the cash contributed at the close of $31,500, the origination fee of $8,925, and the total interest payments of $34,808. This profit doesn't include remodeling costs.
Loan Example 2
Floyd takes out a private money loan from LendingHome Corporation so he can remodel a townhouse to flip in San Bernardino, CA. The loan has the following terms:
a) A $360,000 sales price, b) a 55% loan-to-value (LTV), c) a 6 month term, d) a 8% interest rate, and e) a 1% origination fee.
Floyd intends to sell the house at the end of the term for $540,000. If he succeeds, the deal numbers would be as follows:
$540,000 sales price
- $198,000 note principle (55% LTV)
- $162,000 down payment (45% on 55% LTV)
- $1,980 origination fee (1% of the $198,000 principle amount)
- $7,920 interest payments (6 months x 8% interest)
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= $170,100 gross profit (doesn't include taxes or rehab costs) -
by Eric Fields 07/13/2023
They dropped the ball and told me just a few days before closing complete waste of time every day they asked for different documentation after they said we were clear lost appraisal money of $595 made me purchase extra insurance get 2 inspections & still didn’t close No apology, no compensation, nothing. Unbelievably unprofessional. AVOID
They dropped the ball and told me just a few days before closing complete waste of time every day they asked for different documentation after they said we were clear lost appraisal money of $595 made me purchase extra insurance get 2 inspections & still didn’t close No apology, no compensation, nothing. Unbelievably unprofessional. AVOIDYelp! Review
by Frank L. 03/09/2023 So I heard mixed reviews about Kiavi, but their system is good for doing scenarios..The good part is that as soon as you submit a deal, you get a...
Read more on Yelp!So I heard mixed reviews about Kiavi, but their system is good for doing scenarios..The good part is that as soon as you submit a deal, you get a...
Read more on Yelp!by scott@smicapitalfunding.com 07/20/2022
I have brokered a few deals to Kiavi/Lending Home and have been left feeling very dissatisfied and disappointed in their process and the reps help in getting my deals done or even being proactive in helping with my loans. Had one deal where the appraisal process took one month and I had to call the AMC to get involved and push to get the appraisal done, because the rep at Kiavi never helped. Then on another deal one month past the closing date they decide the property can’t be funded and giving bs excuses as to why they couldn’t do it. I have 3 other lenders lined up to do this deal, but maybe too late now after Kiavi/Lending Home took so long to turn it down. Do yourself a favor and don’t waste your time or your clients time with this joke of a lender. No other point of contact for management or anyone in charge that can help. Your stuck with whatever rep you get and better pray it’s not the one I got. Would have given zero stars or negative rating if it was an option.
I have brokered a few deals to Kiavi/Lending Home and have been left feeling very dissatisfied and disappointed in their process and the reps help in getting my deals done or even being proactive in helping with my loans. Had one deal where the appraisal process took one month and I had to call the AMC to get involved and push to get the appraisal done, because the rep at Kiavi never helped. Then on another deal one month past the closing date they decide the property can’t be funded and giving bs excuses as to why they couldn’t do it. I have 3 other lenders lined up to do this deal, but maybe too late now after Kiavi/Lending Home took so long to turn it down. Do yourself a favor and don’t waste your time or your clients time with this joke of a lender. No other point of contact for management or anyone in charge that can help. Your stuck with whatever rep you get and better pray it’s not the one I got. Would have given zero stars or negative rating if it was an option.Yelp! Review
by Fred P. 03/26/2022 I need to share the truth about the hard money lender Kiavi / Lending Home with everyone. Please spread the word.Kiavi advertises fast hard money loans....
Read more on Yelp!I need to share the truth about the hard money lender Kiavi / Lending Home with everyone. Please spread the word.Kiavi advertises fast hard money loans....
Read more on Yelp!by ROIHUNTERS 10/18/2021
Lending Home rep is defiantly telling me she can't see files I've sent that I know she can see. It takes a 2 hr drive for me to meet with my contractor and redo it. She has made us do this twice already and because of her, it looks like my project may have to get paused while we straighten this out. Lending Home and Michael Steele Investments have been pretty disappointing. Would not recommend either to a friend. I have dealt with other lenders that were much easier
Lending Home rep is defiantly telling me she can't see files I've sent that I know she can see. It takes a 2 hr drive for me to meet with my contractor and redo it. She has made us do this twice already and because of her, it looks like my project may have to get paused while we straighten this out. Lending Home and Michael Steele Investments have been pretty disappointing. Would not recommend either to a friend. I have dealt with other lenders that were much easierYelp! Review
by Mike W. 10/17/2021 I used LendingHome for my 2nd flip (funding July 2021). After reading all the bad reviews, I was scared that they were going to drop the ball right before...
Read more on Yelp!I used LendingHome for my 2nd flip (funding July 2021). After reading all the bad reviews, I was scared that they were going to drop the ball right before...
Read more on Yelp!by ARI 09/16/2021
THIS COMPANY WILL LOSE ITS INVESTORS MONEY. HOW RECKLESS. BORROWER PAID 1.1 ON A STARTER HOME IN BURBANK AND LENDING HOME LOANED ALMOST 100% OF THE PURCHASE PRICE. IF YOU WANT TO EARN 10-12% ON TRUST DEEDS CALL ARI AT 818-914-4437 WITH ACTION FUNDING INC.
THIS COMPANY WILL LOSE ITS INVESTORS MONEY. HOW RECKLESS. BORROWER PAID 1.1 ON A STARTER HOME IN BURBANK AND LENDING HOME LOANED ALMOST 100% OF THE PURCHASE PRICE. IF YOU WANT TO EARN 10-12% ON TRUST DEEDS CALL ARI AT 818-914-4437 WITH ACTION FUNDING INC.Yelp! Review
by Ari W. 09/16/2021 Why anyone would invest in this company is foolish. Lending Home gave a borrower a loan for $1,039,500 on a starter home in Burbank that had a purchase...
Read more on Yelp!Why anyone would invest in this company is foolish. Lending Home gave a borrower a loan for $1,039,500 on a starter home in Burbank that had a purchase...
Read more on Yelp!by Chad 06/19/2021
Closed 4 properties with them which went OK, but a 5th last month was a disaster. They totally dropped the ball and told me just a few days before closing (45 day standard closing window) that they didn't have the appraisal ready I'd paid for over a month before. The sale fell through, I lost the appraisal money of $595 and option fee with the sellers. No apology, no compensation, nothing. Unbelievably unprofessional. AVOID
Closed 4 properties with them which went OK, but a 5th last month was a disaster. They totally dropped the ball and told me just a few days before closing (45 day standard closing window) that they didn't have the appraisal ready I'd paid for over a month before. The sale fell through, I lost the appraisal money of $595 and option fee with the sellers. No apology, no compensation, nothing. Unbelievably unprofessional. AVOIDby Joxy 10/26/2020
This company just keeps getting worse! I lost several loans and even worse, a client, because of the utter overkill of this company and its employees. Also their portal has serious technical challenges and the whole experience was agonizing. Never again!!!!
This company just keeps getting worse! I lost several loans and even worse, a client, because of the utter overkill of this company and its employees. Also their portal has serious technical challenges and the whole experience was agonizing. Never again!!!!by Jackie 10/06/2020
A.T. at LendingHome was amazing to work with- available at all hours and got me my first investment property with only 10% down. I could never have made this happen without them. Thank you LendingHome.
A.T. at LendingHome was amazing to work with- available at all hours and got me my first investment property with only 10% down. I could never have made this happen without them. Thank you LendingHome.Yelp! Review
by M F. 09/01/2020 I will never work with this company if they had the lowest fees in the nation! They are in the business to kill deals with their mysterious "guidelines"...
Read more on Yelp!I will never work with this company if they had the lowest fees in the nation! They are in the business to kill deals with their mysterious "guidelines"...
Read more on Yelp!Yelp! Review
by J H. 05/06/2019 Stay Away!!Have had 2 deals which fell through as they drag their feet and find reasons for not doing but take your money. I even had a second appraisal...
Read more on Yelp!Stay Away!!Have had 2 deals which fell through as they drag their feet and find reasons for not doing but take your money. I even had a second appraisal...
Read more on Yelp!by Raise 03/02/2019
Good rates. Know how to make deals work.
Good rates. Know how to make deals work.Yelp! Review
by Bedis Z. 09/05/2018 A Total scam, they ask for fees pretend to fund of lot of dealS when they are running a boiler room operation, they have a former used car salesman type of...
Read more on Yelp!A Total scam, they ask for fees pretend to fund of lot of dealS when they are running a boiler room operation, they have a former used car salesman type of...
Read more on Yelp!Yelp! Review
by Peng L. 12/22/2017 ---- *****NEGATIVE FIVE STARS***** ----Extremely poor experience with working with Matthew Steurer and Raul Rossel at LendingHome for my hard money loan...
Read more on Yelp!---- *****NEGATIVE FIVE STARS***** ----Extremely poor experience with working with Matthew Steurer and Raul Rossel at LendingHome for my hard money loan...
Read more on Yelp!Yelp! Review
by Jenny C. 12/19/2017 Waste of my time and money. I was pre-approved with this company and found the home of my dreams. I had mentioned to my lender that I want a solid back up...
Read more on Yelp!Waste of my time and money. I was pre-approved with this company and found the home of my dreams. I had mentioned to my lender that I want a solid back up...
Read more on Yelp!Yelp! Review
by Jenny A. 12/19/2017 Waste of my time and money. I was pre-approved with this company and found the home of my dreams. I had mentioned to my lender that I want a solid back up...
Read more on Yelp!Waste of my time and money. I was pre-approved with this company and found the home of my dreams. I had mentioned to my lender that I want a solid back up...
Read more on Yelp!by RP 12/13/2017
I am in investor in one of LendingHome's national funds. The return so far has been impressive and up to what we were promised. Their sales and fund management team are professional and trustworthy. This is a very good way to invest in hard money loans with great diversification throughout the country.
I am in investor in one of LendingHome's national funds. The return so far has been impressive and up to what we were promised. Their sales and fund management team are professional and trustworthy. This is a very good way to invest in hard money loans with great diversification throughout the country.Yelp! Review
by Tony p. 08/10/2017 Terrible, Terrible, Terrible. I cant believe they are part of bank rate. If you notice, theres no way of contacting them. I finally found a number for them...
Read more on Yelp!Terrible, Terrible, Terrible. I cant believe they are part of bank rate. If you notice, theres no way of contacting them. I finally found a number for them...
Read more on Yelp!Yelp! Review
by Erin M. 04/11/2016 Outstanding for home mortgage loans. Lower rates then other lenders. Easy online portal to see rates based off your credit score / down payment. Couldn't...
Read more on Yelp!Outstanding for home mortgage loans. Lower rates then other lenders. Easy online portal to see rates based off your credit score / down payment. Couldn't...
Read more on Yelp!
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