Kiavi vs. Renovo Financial
A side-by-side on the fields both lenders publish, followed by a read on where they actually differ.
Read this before the table
Kiavi. Kiavi Funding LLC was acquired by Figure Technology Solutions. The acquisition closed 1 September 2026, and DSCR loans are now originated by Figure Lending LLC dba Figure. Figure has not published a timeline for combined guidelines or pricing, so the Kiavi figures on this page describe the program as it operated before the acquisition closed.
| Criteria | Kiavi Verified 17 Sep 2026 | |
|---|---|---|
| Type | hard money | hard money |
| Headquarters | San Francisco, CA | Chicago, IL |
| Founded | 2013 | 2011 |
| Geographic focus | National | National, Midwest concentration |
| Products | fix-and-flip, BRRRR, rental, bridge, new-construction | fix-and-flip, BRRRR, new-construction, bridge, rental, multi-family |
| Loan size range | $100,000–$2,000,000 | $100,000–$5,000,000 |
| Max LTV | 80% | 85% |
| Max LTC | 95% | 90% |
| Terms | 12-24 months (hard money) / 30-year (rental) | 6-24 months (hard money) / 30-year (rental) |
| Typical close time | 7-14 days typical | 7-14 days typical |
| Rate range | 5.875%–12% | 9.5%–12.5% |
| Points | 1–3 pts | 1–3 pts |
Where they actually differ
Renovo Financial adds multi-family. A deal that specifically needs one of those only has one side of this comparison to go to.
Term structure differs too: Kiavi runs 12-24 months (hard money) / 30-year (rental); Renovo Financial runs 6-24 months (hard money) / 30-year (rental).
Leverage: Kiavi tops out at 80% LTV / 95% LTC, against 85% / 90% at Renovo Financial. More leverage means less cash to close and a thinner equity cushion — which side of that trade matters depends on how much cash the deal has to begin with.
Kiavi describes its footprint as "National"; Renovo Financial as "National, Midwest concentration." Neither figure is a state count, so confirm direct licensing before assuming either covers a specific property.
Kiavi
An investor evaluating Kiavi's 49-state rental program while Figure integrates it, who can qualify at a 0.80 DSCR floor and 660 credit score
Renovo Financial
A BRRRR investor who wants one lender to carry a deal from acquisition and rehab through to the 30-year rental refinance, including multi-family properties