Figure Technology Solutions just wrote a $717 million check to acquire Kiavi, the AI-powered non-bank lender that has quietly become one of the largest originators of residential real estate investor loans in the country.
The deal merges Figure’s blockchain infrastructure and securitization expertise with Kiavi’s massive origination engine. Figure operates on the Provenance Blockchain, which it uses to bring efficiency to loan origination, servicing, and securitization.
What Kiavi brings to the table
Kiavi originated a record $7.8 billion in loans across 2025, specializing in fix-and-flip loans and DSCR (debt service coverage ratio) products for residential real estate investors — the kind of lending that traditional banks largely avoid.
In February 2026, Kiavi closed a $350 million rated RTL securitization that was 5x oversubscribed. That single transaction expanded Kiavi’s funding capacity by up to $1.2 billion.
