Bourque hinted at even further growth: “We are always looking to support our customers,” he said. “As real estate investors continue to revitalize over $25 trillion of aging US housing stock, we will provide them with the capital they need to realize the full potential of their investments. Over time, we expect to serve more customers in more states.”
Indeed, by June 07, Kiavi had confirmed expansion into Alabama, Arkansas and Wisconsin. Kiavi said the expansion further supports REIs in their bid to reinvigorate the country’s aging housing stock. Bourque expounded: “We are thrilled to support real estate investors in Alabama, Arkansas and Wisconsin, helping them revitalize neighborhoods in these markets. All three states provide incredible opportunities for our customers to transform aging homes and make them move-in ready for families and truly impact the local communities,” he said. “We are 5.5 million housing units short in the United States. Current supply chain shortages are already pointing to a slowdown in new construction. With millennials entering their prime home buying years, it is even more important that we, as a nation, work together to close the housing gap and work towards rehabilitating America’s aging housing stock especially at a time when over two-thirds of US homes are over 30 years old. I am excited to extend our products in these three states and I am confident that with our technology platform REIs can make smarter decisions and unlock the true potential of their real estate investments.”
Through the use of its financing and data-driven insights, Kiavi helps real estate investors buy, renovate and sell or rent a home. The company is now operating in 32 states across the US.