Kiavi, a San Francisco-headquartered private lender to residential real estate investors, has introduced a construction financing product.
According to a statement from the company, the new product will leverage its technology platform and data advantage “to offer competitively priced, transparent, and reliable capital to real estate developers looking to rebuild outdated houses or build new homes on vacant lots. Through this new offering, local developers will be able to leverage Kiavi’s capital to execute their visions, and the communities they serve can be revitalized and enhanced by the creation of new, modern housing units.”
Kiavi added its construction loans is available for real estate developers seeking to create build-to-sell or build-to-rent properties.
“With affordable, move-in ready housing in critical demand, new construction development is a significant opportunity to create much-needed housing inventory, uplift communities, and generate meaningful returns for real estate developers,” said Arvind Mohan, CEO of Kiavi. “Independent, local developers are poised to redefine the real estate landscape by reimagining outdated houses or vacant lots in well-established local communities. Kiavi is thrilled to expand into this market and help developers create net-new housing stock that can combat the housing shortage, all while scaling their businesses,” he added.
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