By Katherine Hamilton
Figure Technology Solutions has agreed to acquire Kiavi, a lending platform for residential real estate investors, for $717 million.
As part of the deal, a joint venture between Figure and the investment firm Sixth Street will acquire Kiavi's balance sheet assets. Sixth Street will buy loans off Kiavi's balance sheet.
Kiavi's products include short-term residential transition loans and long-term rental property loans known as debt service coverage ratio loans.
The deal represents a $200 billion annual addressable origination opportunity, said Figure, which provides a marketplace for tokenized assets.
Kiavi is expected to add $7 billion in annual volume.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
June 10, 2026 07:45 ET (11:45 GMT)
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