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Kiavi vs. Renovo Financial

A side-by-side on the fields both lenders publish, followed by a read on where they actually differ.

Read this before the table

Kiavi. Kiavi Funding LLC was acquired by Figure Technology Solutions. The acquisition closed 1 September 2026, and DSCR loans are now originated by Figure Lending LLC dba Figure. Figure has not published a timeline for combined guidelines or pricing, so the Kiavi figures on this page describe the program as it operated before the acquisition closed.

Criteria
Kiavi Verified 17 Sep 2026
Renovo Financial
Type hard money hard money
Headquarters San Francisco, CA Chicago, IL
Founded 2013 2011
Geographic focus National National, Midwest concentration
Products fix-and-flip, BRRRR, rental, bridge, new-construction fix-and-flip, BRRRR, new-construction, bridge, rental, multi-family
Loan size range $100,000–$2,000,000 $100,000–$5,000,000
Max LTV 80% 85%
Max LTC 95% 90%
Terms 12-24 months (hard money) / 30-year (rental) 6-24 months (hard money) / 30-year (rental)
Typical close time 7-14 days typical 7-14 days typical
Rate range 5.875%–12% 9.5%–12.5%
Points 1–3 pts 1–3 pts

Where they actually differ

Renovo Financial adds multi-family. A deal that specifically needs one of those only has one side of this comparison to go to.

Term structure differs too: Kiavi runs 12-24 months (hard money) / 30-year (rental); Renovo Financial runs 6-24 months (hard money) / 30-year (rental).

Leverage: Kiavi tops out at 80% LTV / 95% LTC, against 85% / 90% at Renovo Financial. More leverage means less cash to close and a thinner equity cushion — which side of that trade matters depends on how much cash the deal has to begin with.

Kiavi describes its footprint as "National"; Renovo Financial as "National, Midwest concentration." Neither figure is a state count, so confirm direct licensing before assuming either covers a specific property.

Questions

Is Kiavi still originating loans under its own name?
Kiavi Funding LLC was acquired by Figure Technology Solutions. The acquisition closed 1 September 2026, and DSCR loans are now originated by Figure Lending LLC dba Figure. Figure has not published a timeline for combined guidelines or pricing, so the Kiavi figures on this page describe the program as it operated before the acquisition closed.
Does one of these two write a loan product the other doesn't?
Renovo Financial adds multi-family. A deal that specifically needs one of those only has one side of this comparison to go to.
Which offers more leverage, Kiavi or Renovo Financial?
Kiavi tops out at 80% LTV / 95% LTC, against 85% / 90% at Renovo Financial. More leverage means less cash to close and a thinner equity cushion — which side of that trade matters depends on how much cash the deal has to begin with.
Which publishes the lower rate range, Kiavi or Renovo Financial?
Kiavi quotes 5.875%–12%; Renovo Financial quotes 9.5%–12.5%. Where a specific file lands inside either range depends on leverage, credit and property type, so the published floor of one range beating the other's isn't the same as a guaranteed better price.
Which handles a larger loan, Kiavi or Renovo Financial?
Kiavi runs $100,000–$2,000,000; Renovo Financial runs $100,000–$5,000,000. That gap mostly matters at either end of the range.

Kiavi

An investor evaluating Kiavi's 49-state rental program while Figure integrates it, who can qualify at a 0.80 DSCR floor and 660 credit score

Lender profile Requirements

Renovo Financial

A BRRRR investor who wants one lender to carry a deal from acquisition and rehab through to the 30-year rental refinance, including multi-family properties

Lender profile

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