On this page
Based on each lender's published information; we did not apply for loans.
Kiavi is one of the largest private lenders to residential real estate investors: its FAQ cites more than $23+ billion in funded loans, and it says it has lent across over 100,000 projects. It offers short-term bridge, fix-and-flip, jumbo and new construction loans, plus long-term DSCR rental loans. Since 9/1/2026 its DSCR and rental loans are originated and funded by Figure Lending LLC, and Kiavi Funding LLC is a subsidiary of Figure Technology Solutions, Inc. This review uses only Kiavi's own pages.
Kiavi hard money loan products and terms
Every rate below is a "starting at" or "as low as" figure. Kiavi says rates depend on loan terms, borrower qualifications, LTV and property factors.
| Product | Starting rate | Loan size | Leverage | Term |
|---|---|---|---|---|
| Bridge loans | As low as 8.25% | $75K to $5MM | Up to 100% of purchase, 100% of rehab, 80% of ARV | 12, 18 or 24 months, interest-only options |
| Fix-and-flip loans | As low as 8.25% | $100K to $5MM | Up to 100% LTC / 80% ARV (headline); up to 95% LTC (FAQ) | 12, 18 or 24 months |
| Jumbo loans | As low as 8.25% | $3MM to $5MM | Up to 90% of purchase, 75% of ARV, 100% of rehab | 12, 18 or 24 months, extension options |
| New construction | As low as 9.00% | $150K to $10MM | Up to 85% of total cost, 70% of ARV | 12, 18 or 24 months, 3- or 6-month extensions |
| DSCR rental loans (made by Figure) | As low as 6.375% | Not stated | Up to 80% LTV; DSCR as low as 0.8x | 30-year fixed; 5/1 and 7/1 ARMs; no prepayment penalty after year 3 |
From each company's own website, read October 29, 2026. "Not stated" means the company does not publish it on the pages linked. Terms change; confirm with the lender. Not financial advice.
Kiavi loan requirements
What it asks for
- A business entity. Asked whether you need one, Kiavi's FAQ answers: "Yes. We lend to business entities in all states we offer loans." See DSCR loans for an LLC for how entity borrowing works.
- Investment property only. Non owner-occupied rental properties only; flips and bridge loans are for non-owner-occupied property too.
- Credit. No published minimum score. Your FICO score and the after-repair value feed into how much leverage you get, and the DSCR page promises no hard credit pull to receive a rate quote.
What it skips
- No application fee, no appraisal and no income verification on bridge loans.
- In-house servicing, no 3rd party appraisals and online pricing on fix-and-flip loans.
- Repeat borrowers: the more you work with the same lender, the more benefits such as a reduced origination fee and rate. Kiavi does not publish its origination fee.
Where Kiavi lends
Kiavi says it lends in 49 states + DC. Its published list leaves out one state: UT (Utah). Check the lenders by state list for other options there. Bridge loans in AZ, ID, NV, OR and SD are made by Figure Lending, as are all DSCR and rental loans (its bridge page disclosures).
Property types: it does not lend on mixed-use, commercial, mobile homes or rural property zoned agricultural on 4+ acres. For apartments, retail or office, compare commercial hard money lenders.
Kiavi fix and flip: a worked example
A $200,000 purchase with a $50,000 rehab and a $320,000 after-repair value. Under the headline (100% of purchase and rehab, capped at 80% of ARV) the loan is $250,000, because the ARV cap of $256,000 is higher than the total cost. Under the FAQ's 95% LTC the loan is $237,500 and you bring $12,500.
Interest-only at the 8.25% starting rate on the full $250,000 for six months is $10,312.50, calculated as $250,000 x 8.25% / 12 x 6. Your actual rate can be higher, rehab money is paid in draws, and closing costs are extra. Run your own numbers in the fix and flip calculator.
Kiavi DSCR loans
Rates as low as 6.375%, up to 80% LTV, a minimum DSCR as low as 0.8x, and rent counted as the lower of 110% of appraised market rent and your valid lease rent. Cash-out is available after 90 days of ownership, or right away on free-and-clear properties and on properties financed with a Kiavi bridge loan. You can finance multiple rental properties as your portfolio grows. Compare it with 12 other lenders on DSCR loans and DSCR loan rates.
Where Kiavi's own pages disagree
- Minimum loan. The bridge loans page says loans from $75K; the fix-and-flip page says from $100K, for the same rate and leverage.
- Loan-to-cost. The fix-and-flip headline says up to 100% LTC / 80% ARV; the FAQ on the same page says up to 95% LTC.
- Manufactured homes. The fix-and-flip page lists manufactured homes among eligible properties; its FAQ says it does not lend on mobile homes.
Ask Kiavi which figure applies to your loan before you rely on it.
Verdict: who Kiavi fits
| A good fit for | Look elsewhere if you need |
|---|---|
| Investors who hold property in an LLC or other business entity | Anyone borrowing in a personal name: Kiavi lends only to business entities |
| Flips and bridge deals up to $5MM where you want up to 100% of purchase and rehab, capped at 80% of ARV | Properties in Utah, which is not on its state list |
| Borrowers who want to skip a third-party appraisal and income verification | Mixed-use, commercial, mobile homes or rural property on 4+ acres |
| Rental holds: DSCR as low as 0.8x and up to 80% LTV (loans made by Figure) | A home you will live in: rental loans are non owner-occupied only |
Kiavi's strengths on paper are leverage, national coverage and a paperwork-light process; its gaps are the entity requirement, the missing state, and fees it does not publish. Before you apply, ask for the origination fee in writing, which minimum loan and LTC figure applies, and how draws are inspected.
Related guides
Frequently asked questions
Is Kiavi a hard money lender?
Yes. Kiavi describes itself as offering hard money loans to entities in 49 states plus Washington D.C., alongside DSCR rental loans.
Does Kiavi require an LLC?
Yes. Its FAQ says it lends to business entities in all the states where it offers loans, so you borrow through an LLC or other entity.
What credit score does Kiavi require?
Kiavi does not publish a minimum credit score. It says your FICO score and the after-repair value affect leverage, and it offers rate quotes without a hard credit pull on DSCR loans.
What states does Kiavi lend in?
Every state except Utah, plus Washington D.C., according to its state list.
Does Kiavi require an appraisal?
Not on bridge and fix-and-flip loans: it advertises no appraisal and no third-party appraisals. Its DSCR page counts rent using the appraised market rent.
Who owns Kiavi?
Kiavi says Kiavi Funding LLC is a subsidiary of Figure Technology Solutions, Inc., and its DSCR and rental loans are originated and funded by Figure Lending LLC since 9/1/2026.