San Francisco-based private lender Kiavi announced on Thursday that it has secured $300 million in capital after another securitization of its residential transition loans (RTLs).

As the 21st transaction made under the company’s LHOME Mortgage Trust, Kiavi’s total volume of notes offered sits at $5.8 billion since 2019.

Kiavi reported that the offered notes were “oversubscribed by five times its capacity” as institutional investors showed interest. The deal leaves room for reinvestment via a two-year window, allowing investors to reuse principal payoffs to purchase newlyoriginated loans.

This move follows Kiavi’s recent expansion announcement, in which it shared plans to offer details ⇒

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