Kiavi closes $300 million revolving securitization of residential transition loans
SAN FRANCISCO, May 10, 2024 /PRNewswire/ -- Kiavi, a leading provider of capital to residential real estate investors, today announced it closed a $300 million unrated securitization of residential transition loans ("RTLs"). This marks Kiavi's 17th transaction under its LHOME shelf, bringing the company's total issuance to more than $4.3 billion in offered notes since it began its securitization program in 2019.
- SAN FRANCISCO, May 10, 2024 /PRNewswire/ -- Kiavi , a leading provider of capital to residential real estate investors, today announced it closed a $300 million unrated securitization of residential transition loans ("RTLs").
- "We continue to see significant institutional demand for Kiavi's RTL assets" - Arvind Mohan, CEO of Kiavi.
- Consistent with prior LHOME transactions, the deal includes a two-year revolving period, during which principal payoffs can be reinvested to purchase additional newly originated loans.
- Barclays, Nomura Securities International, Inc., and Performance Trust Capital Partners, LLC were joint bookrunners and co-lead managers on the transaction.