Kiavi

Kiavi Fix & Flip / Bridge Loan Program

A competitive hard money loan product for flippers with 0-4 completed flips in the last 2 years *.

Premium Service

• Dedicated team
• Fast approvals
• Even faster for repeat borrowers

Qualification 

• Minimum FICO of 660
  • No open individual collection(s) greater than or equal to $10,000.
• No unresolved bankruptcy or filings within the last 24 months
• No outstanding mortgage delinquency of 90 days or more
• No felony convictions within the last 7 years
  • No felonies for financial crimes, ever.
• Personal Guarantee required

Fees and Pricing

• As low as 9.0%
  • Pricing may vary based on state property is located in.
• No application fee
• Origination Fee: As low as 1.5% of the total loan amount
• Fee: $1,499 (Includes processing and third party fees. Does not include costs from title company.)

Max Leverage

• Up to 90% of purchase price (reflective with a 720 FICO score)
• 100% of rehab costs
• Up to 75% of after-repair value (ARV)
  • A property that Kiavi deems high risk may have a 65% ARV LTV

Loan Terms

• Minimum loan amount: $75,000
• Maximum loan amount: $1,000,000
  • Max loan amount is $1MM in all states
  • Only allowed 3 loans at once max

Eligible Properties

• Single Family Residences
• 2-4 units (all units must be residential)
• Condominiums
• Planned Unit Developments

*A completed flip can be: 1) A property sold within 24 months preceding application submit date and acquired no more than 36 months prior to exit; 2) Must have been held for at least 30 days; 3) Must have an exit price of at least $75k; 4) Aggregate flips may be held in no greater than 2 entity names. 5) A long term refinance may also be considered an eligible “flip.”

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Kiavi Single Asset Rental Loan Program

Grow your rental business. Finance a new purchase, refinance a property you own, or free up cash in your portfolio by tapping into equity at low rates with flexible borrower terms.

• Property Type: Single-family homes, attached and detached PUD, and 2-4 unit rentals
  • Non-owner occupied rental properties only
• Transaction Type: Purchase or refinance (including cash-out refinance)
• Credit Score Minimum: 660 FICO; No hard credit pull
  • SFR, Attached and Detached PUD only, 700+ FICO required
• Origination Fees and Service Fee: 1.5 points + $999
  • Rental products only. Requires $2,000 minimum. Does not include title insurance, escrow, or third party fees.
• Loan Amount: Up to $2,000,000 per property ($75,000 minimum loan size)
• Cash-Out: Up to $500k (after property owned for 180 days)
  • Cash-out LTV based solely off of appraised value, not cost basis
• Loan Term/ Rate Type: 5/1 ARM4 7/1 ARM4 30-Year Fixed4 Interest-Only Options
  • Fully amortizing and interest only options (10 years interest-only, 20 years fully amortizing) are available for each loan product. Changes in interest rates are tied to a published index reflecting market conditions.
• Loan-to-Value: Up to 75% LTV for purchase or delayed purchase, rate/ term refi, and cash-out refi, Up to 70% LTV for interest-only
  • LTV is restricted to 65% when loan amount is greater than $1.5 mm
• DSCR: 0.8 minimum
• Lease Requirement: Lease term of 6+ months
  • For properties with no lease or a lease term of less than 6 months, property income will be based on market rent. For properties with a minimum 6 month lease term, property income is the lesser of lease amount or 100% market rent.
• Escrow Requirement: Taxes and Insurance
• Experience Requirement: Borrower/guarantor must have taken out at least one mortgage prior
• Prepayment Penalty: None after year 3 years
  • 3% first year
  • 2% second year
  • 1% third year

Flexible Terms
We offer multiple loan terms, rates, and leverage based on FICO.

Low-Document Process
Move quickly with no personal income or asset verification required.

No Hard Credit Pull
We don’t use hard credit pulls so your credit score will never be affected.

Streamlined Technology and Service
Access your loan details easily on our online dashboard and enjoy reliable support from our team.

6-Month Cash-Out Period
Refinance your property and take out equity in 6 months from acquiring the property.

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Kiavi Rental Portfolio Loans

We’ll partner with you to craft a bespoke loan as unique as your rental portfolio.

Loan Requirements

• Property Type: Non owner-occupied SFR, 2-4 units, condos, up to 8-unit multifamily properties
• Loan Type: Refinance, Purchase or Delayed Purchase
• Minimum Loan Amount: $500,000
• Minimum Property Loan Valuation Requirement: $50,000
• Minimum Portfolio Size: 5+ Properties
• Minimum DSCR: 1.20X
• Minimum FICO: 680

Loan Terms

• Max LTV: 75% for Cash Out or Rate and Term
• Max Interest Only LTV: 70%
• Interest Rates: As Low as 7.25%
  • Changes in interest rates are tied to a published index reflecting market conditions.
• Loan Term: 5, 10, and 30-Year Options
  • Fully amortizing and interest only options (10 years interest-only, 20 years fully amortizing) are available
• Amortization: 30-Year
• Standard Prepayment Penalties: 5 / 4 / 3 / 2 / 1

Craft a rental portfolio loan as unique as your investment strategy. Save time, money and headaches – so you can focus on your portfolio.

Kiavi’s Rental Portfolio Loans are uniquely designed to make your financing experience easy, and your loan tailored to your investment strategy. Combining your properties under one umbrella with a single, low monthly payment – all underpinned by Kiavi’s simple process and single underwrite – makes managing your growing rental business easier and more cost-effective than ever before.

Flexible
With various loan term lengths, flexible prepayment options, and more, we’ll partner with you to craft a loan that works for your unique portfolio.

Simple
No need for capital expenditure reserves, extra documents like bank statements, or a cumbersome underwriting process – saving you headaches and time.

Dedicated Experts
Our team of seasoned experts are wholly dedicated to helping you navigate your options and setting you up for long-term success.

Competitive
Competitive rates and favorable terms based on your portfolio make up and FICO score. And the terms only get better as your portfolio grows.

Peace of Mind
Create more separation between your personal life and your business with features like limited recourse and carve out guarantees*.

Trusted
We’re a reliable, proven financing partner entrusted by leading investors across the country that’s funded more than $12 billion in loans.

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