SAN FRANCISCO--(BUSINESS WIRE)--LendingHome, one of the nation’s largest lenders to real estate investors, today announced that the company will change its name in coming months and rebrand as Kiavi. The new name, which comes from the phonetic representation of the Italian word “chiave,” meaning “key” in English, embodies the company’s aspirations. As Kiavi, the company plans to continue and expand its support of real estate investors to help them unlock the value of America's aged homes. With over 65% of U.S. homes over 30 years old, the company is proud to serve real estate investors as they renovate and deliver move-in-ready homes to countless families.
“We're proud of the work we've done to build a technology platform designed specifically for today’s residential real estate investor, and to have assembled an industry-leading team to serve our customers,” said Michael Bourque, CEO. “As the company transitions to Kiavi, management’s goal is to continue expanding the tools available to investors across the real estate investment lifecycle. We believe there is a tremendous opportunity to bring technology and data-driven insights to the entire process.”
For years, real estate investors wrestled with antiquated, inefficient, paper-based processes, some of which still exist today. LendingHome has emerged as a leader in the bridge-financing space by taking a data and technology-powered approach and dramatically simplifying those outdated processes. As Kiavi, the company will continue to utilize AI-powered analytics to empower real estate investors to make smarter decisions while streamlining those transactions with a custom-built tech platform. Approximately 93% of Kiavi customer projects exit successfully as compared to the 76% industry average.
The new name also reflects the significant transformation and growth the company has undergone.
- In 2019, as demand for single family homes and rentals grew, the company expanded its offerings to include rental loans to assist investors engaging in strategies to buy, renovate and rent out move-in-ready homes.
- To help customers with one of their most pressing needs – locating investment properties – LendingHome launched the Property Marketplace in 2020.
- Earlier this year, the company launched a pilot program involving portfolio rental loans, including $9.3 million in refinancing for a 56-unit, new Single-Family Rental home community in Florida.
Under the Kiavi brand, the company will adopt a motto that defines the company’s commitment to supplying investors with what they need most: Speed to close. Power to scale.
Speed is crucial in real estate investing and not just when it comes to acquiring a loan. Timing is paramount all the way down the line: buying a property, managing renovations, selling a home, or making it available for rental.
“Power to scale” references Kiavi’s technology platform and reliability of capital, which investors can depend on to grow their business into the future with confidence.
“As Kiavi, we will build on the insights we’ve gained through funding over $7.8 billion in loans across 35,000 projects across the country,” Bourque added. “With over 900 million data points to inform our machine learning models, we’re looking forward to continuing to build on this experience to help real estate investors grow and scale. The new brand sets us up for our next chapter.”
LendingHome is one of the nation’s top lenders for residential investors with more than $7.8 billion in loans originated to date. Established in 2013, LendingHome makes it easy for professional and first-time real estate investors to quickly and reliably receive the financing they need for their projects and businesses to thrive. Using a powerful combination of innovative technology and expert advice, LendingHome is adding flexibility and simplicity to the real estate investment process. For further information, please visit lendinghome.com. NMLS ID #1125207