Thoughts on Kiavi?

[Dave Harlan]

Wondering if anyone has used Kiavi as a lender? Thoughts and experience using them?

[Mark Munson]

Quote from @Dave Harlan:

Wondering if anyone has used Kiavi as a lender? Thoughts and experience using them?

 Hi @Dave Harlan

I've done roughly 120 loans with them over the last 14 months on the broker side and have worked with just about every major lender in the space too. They aren't the best when it comes to DSCR loans, but that isn't to say their DSCR program is bad. As for short-term financing, they are fairly easy to work with but the biggest hurdle is their internal credit model. People with good credit scores can even be denied. If you get past that, it is a fairly easy process. As mentioned above, they have some of, if not the best, tech/portal out there. However, you aren't going to get the best communication at all times and much like most lenders, there won't be a large degree of consultancy on investing. Most loan originators you talk to at the big lenders are just capable of reading you terms off of a rate sheet, beyond that they aren't the best at actually giving you good advice. Most of the time they are young 20s and fresh out of college and never owned a pierce of real estate. That may not matter to you, but I tend to want to work with other investors, even my loan originator, realtor, title company, etc. You also want a point of contact that knows underwriting too, that way they are proactive in ensuring your deal will get to the closing table. Cheap rates and modern tech are great, but none of that matters if they can't actually get you to the closing table. Just make sure whomever you work with is halfway competent and communicates well, the latter is the most important. Feel free to reach out if you need any more advice. Best of luck!