Bridge Loan: Hard Loan Financing Made Simple
We are always finding ways to better partner with you and your business - whether it’s from a service, operations, technology, or product standpoint. Today we are introducing our latest Bridge product update.
We are simplifying our experience classification, better aligning our lending criteria with your deal economics, and setting interest rates based on Loan-to-Cost.
Experience, simplified
Your number of completed flips in the past two years will determine which Bridge loan program we offer you. Each program includes varying benefits, pricing, and service commitments. We have learned that an investor’s flipping experience over the past 24 months is the best indicator of their likelihood to successfully complete their next flip.
Lending criteria that is better aligned with your deal economics
The lending criteria on your loan will now be based on cost, After Repair Value, and Return On Investment.
Interest rates based on Loan-to-Cost
Your interest rates will now be based on LTC. We expect this change to result in more predictability and higher certainty of terms upfront.
Product Overview
To make it easier to understand loan terms, we’ve created four loan programs associated with experience: Pro, Plus, Standard and Access. We believe that each program reflects the financing experience that you should expect when working with Kiavi - whether you are a first-time flipper or an experienced real estate investor.
| Pro | Plus | Standard | Access | |
| Experience (Exits in last 2 yrs) | 10+ | 4-9 | 1-3 | None |
| Min. FICO | 660 | 550 | 550 | 550 |
| Max ARV LTV - Rehab | 75% | 70% | 70% | 70% |
| Max LTC - Rehab | 90% | 90% | 85% | 80% |
| Max AIV LTV - Non Rehab | 80% | 75% | 75% | 75% |
| Max LTC - Non Rehab | 90% | 90% | 85% | 80% |
We are excited for this launch and believe it will present favorable terms faster, reliably, and with more transparency.