Lender profile
Kiavi
hard money · San Francisco, CA · founded 2013
Verified Sep 17, 2026
Kiavi Funding LLC (NMLS #1125207) was acquired by Figure Technology Solutions in a deal that closed September 1, 2026; DSCR rental loans are now originated by Figure Lending LLC dba Figure, which has not published a timeline for combined guidelines or pricing. Under the pre-acquisition program, Kiavi financed 30-year rental loans in 49 states with a 660 minimum credit score and a 0.80 minimum DSCR, at loan sizes from $100,000 to $2,000,000 and up to 80% LTV / 95% LTC. Kiavi is a hard money lender, founded in 2013, headquartered in San Francisco, CA, describing its footprint as "National".
For a rental investor, the products on file are fix-and-flip, BRRRR, rental, bridge, new-construction. On the deal itself, Kiavi publishes loan sizes from $100,000 to $2,000,000 and leverage up to 80% LTV / 95% LTC.
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. Its published lending figures were last checked against a source it published on Sep 17, 2026.
Published facts
Loan size
$100,000 – $2,000,000
Max LTV
80%
Max LTC
95%
Min credit score
660
Min DSCR
0.80
Rate range
5.875% – 12%
Points
1 – 3
States covered
49
Terms
12-24 months (hard money) / 30-year (rental)
Close time
7-14 days typical
Verification record
Reviewed Sep 25, 2026
✅ Corporate record confirmed — acquired by Figure Technology Solutions, Inc. (Nasdaq: FIGR). 8-K filed Sep 1, 2026 .
Figure Technology Solutions reported in an 8-K that it completed its acquisition of Kiavi, Inc. on 1 September 2026, with Kiavi continuing as a wholly owned subsidiary.
✅ Published criteria verified — Sep 17, 2026.
⬜ Regulatory complaint check — not yet run.
What Kiavi has not published
Publishing lending criteria is optional, and plenty of good lenders choose not to put every figure in writing — so read this as a list of what to ask Kiavi about, not as a criticism. Of the 11 criteria categories this directory tracks, Kiavi has not published 2:
- Origination channel (17 of 38 lenders here publish it)
- Entity / vesting requirement (3 of 38 lenders here publish it)
Products
- fix-and-flip — short-term financing for a purchase-renovate-resell project, sized against the finished value rather than the purchase price alone See the glossary entry.
- BRRRR — financing built for the buy-rehab-rent-refinance-repeat cycle — a short-term acquisition/rehab loan meant to be followed by a refinance into a long-term rental loan
- rental — a longer-term loan on a tenanted or rent-ready property, underwritten on the hold rather than the flip
- bridge — short-term financing meant to be replaced by a permanent loan once a condition — renovation, lease-up, sale — is met
- new-construction — financing for a ground-up build rather than a renovation of an existing structure
Strengths
- 30-year rental loans licensed in 49 states
- 0.80 minimum DSCR — qualifies below-market-rent properties
- Up to 95% LTC / 80% LTV
- Acquired by Figure Technology Solutions — acquisition closed 1 Sep 2026
Who this lender suits
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
Deal scenarios Kiavi clears
Kiavi's published criteria clear 11 of the 119 deal scenarios this site tests — computed the same way every /loan-for/ page computes its own roster, from the stored fields above, not curated by hand. A scenario only counts here if its numeric rules actually narrowed the lender pool; scenarios that match on product tags alone are left out.
Credit and qualification (1)
Cash flow and DSCR (1)
Purpose and structure (5)
Rehab and construction (2)
Leverage and pricing (2)
How Kiavi compares
Kiavi vs Civic Financial Services
Turns mainly on DSCR floor (1.05 vs 0.80) and LLC/entity vesting requirement.
Kiavi vs Iron Bridge Lending
Turns mainly on maximum loan size ($3,000,000 vs $2,000,000).
Kiavi vs LendingOne
Turns mainly on DSCR floor (0.80 vs 0.75) and credit floor (660 vs 640).
Kiavi vs Lima One Capital
Turns mainly on DSCR floor (0.80 vs 1.00) and state coverage (49 vs 46 states).
Kiavi vs New Silver
Turns mainly on DSCR floor (0.80 vs 0.75) and state coverage (49 vs 39 states).
Kiavi vs RCN Capital
Turns mainly on DSCR floor (0.80 vs 1.00) and state coverage (49 vs 44 states).
Kiavi vs Renovo Financial
Turns mainly on maximum loan size ($2,000,000 vs $5,000,000).
Kiavi vs ROC Capital
Turns mainly on maximum loan size ($2,000,000 vs $5,000,000).
Ownership and status
Ownership & status
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.