San Francisco-based private lender Kiavi announced Monday that it has closed another multimillion-dollar securitization of residential transition loans (RTLs), bringing its six-month volume of issuances to nearly $1 billion.

The $350 million unrated securitization announced this week adds to similar transactions that have taken place since the start of the year. In February, the company announced a $350 million bundling of RTLs, and it followed that with a $300 million deal in May. Kiavi has now securitized more than $4.7 million in short-term RTLs (aka fix-and-flip loans or bridge loans) across 18 transactions since 2019.

The lender details ⇒

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