Kiavi closed a $158m 12-month warehouse facility for its loans. This is Kiavi’s 11th securitization deal under its LHOME shelf since the inception of its securitization program in 2019. Total issuance to date is $2.75bn.

The company provides bridge loans and fix-and-flip loans to borrowers.

Kiavi originated $4.4bn of loans to more than 5,600 customer in 2022. It has originated over 12.3bn since it was founded in 2013.

The deal was led by Nomura and Barclays.