Kiavi, a leading provider of financing to real estate investors (REIs), today announced it is expanding its products to three new states: Alabama, Arkansas and Wisconsin. Robust capital, competitive rates and flexible financing solutions from Kiavi allow REIs to confidently maximize returns and focus on scaling their business. Today’s announcement further supports REIs in their bid to reinvigorate the country’s aging housing stock.
“We are thrilled to support real estate investors in Alabama, Arkansas and Wisconsin, helping them revitalize neighborhoods in these markets. All three states provide incredible opportunities for our customers to transform aging homes and make them move-in ready for families and truly impact the local communities,” said Michael Bourque, CEO of Kiavi. “We are 5.5 million housing units short in the United States. Current supply chain shortages are already pointing to a slowdown in new construction. With millennials entering their prime home buying years, it is even more important that we, as a nation, work together to close the housing gap and work towards rehabilitating America’s aging housing stock especially at a time when over two-thirds of U.S. homes are over 30 years old. I am excited to extend our products in these three states and I am confident that with our technology platform REIs can make smarter decisions and unlock the true potential of their real estate investments.”
Kiavi’s bridge, or fix-and-flip, loans make it easy to purchase and rehab investment properties with flexible, short-term financing and Kiavi’s rental loans make it easy to invest in rental properties with long-term financing options. The new markets provide opportunity to REIs to expand and scale their business.
According to Birmingham Business Journal, Alabama’s business climate is ranked among the best in the nation, with the median home value considerably lower than the national average. Other key facts about Alabama’s housing market include:
Arkansas is the second most affordable state to live in. Its diverse population, robust economy and its natural beauty make it an attractive destination. Key highlights about the best markets to invest in Arkansas include:
The Wisconsin real estate market continues to grow. In 2021, the median value of a single-family residential property saw an increase of about 34%. Due to improving economic indicators and a lack of existing inventory, supply and demand fundamentals have increased prices for nearly a decade. Some key facts about the Wisconsin housing market include:
Kiavi’s expansion into Alabama, Arkansas and Wisconsin closely follows its entry into Indiana and Kansas this year. Kiavi now operates in 32 States and Washington, D.C.
Kiavi uses the power of data and technology to bring lending for real estate investors into the digital age. Through Kiavi’s digital platform, real estate investors are empowered to make smarter decisions, gain access to funding faster, and scale their business. Founded in 2013 Kiavi, formerly known as LendingHome, has grown to become one of the largest lenders to real estate investors in the United States. The company is committed to helping customers revitalize approximately $25 trillion worth of aged U.S. housing stock and provide move-in ready homes and rental housing for millions of Americans1 across the country. For more information, visit www.kiavi.com