Status update: 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.
Overview
Iron Bridge Lending (based in Lake Oswego, OR, hard money) and Kiavi (based in San Francisco, CA, hard money) are both non-QM lenders serving real estate investors. Iron Bridge Lending serves Western & Midwest; Kiavi serves National.
Kiavi's figures were checked against its published materials as of 2026-09-17; the other lender's figures below are not independently dated and should be confirmed directly. Rates and terms change and are not a quote for either lender.
Iron Bridge Lending vs Kiavi: attribute by attribute
| Attribute | Iron Bridge Lending | Kiavi |
|---|---|---|
| Interest rate range | 9.5%–12% | 5.875%–12% |
| Origination points | 1.5–3 points | 1–3 points |
| Minimum credit score | Not publicly published | 660 |
| Minimum DSCR | Not publicly published | 0.80 |
| Max LTV | 75% | 80% |
| Max LTC | 85% | 95% |
| Minimum loan size | $75K | $100K |
| Maximum loan size | $3.0M | $2.0M |
| States covered | Not publicly published | 49 states |
| Typical close time | 7-14 days typical | 7-14 days typical |
| Founded | 2009 | 2013 |
| Headquarters | Lake Oswego, OR | San Francisco, CA |
Which one fits which borrower
- Kiavi publishes a minimum DSCR of 0.80; Iron Bridge Lending does not publish a minimum DSCR figure, so its coverage floor cannot be compared directly.
- Kiavi publishes a minimum credit score of 660; Iron Bridge Lending does not publish one.
- Kiavi's max LTV is 80% against Iron Bridge Lending's 75% — on the same purchase price, Kiavi's published leverage lets a borrower put down less cash.
- Kiavi's max LTC is 95% against Iron Bridge Lending's 85% — for a rehab-heavy deal, Kiavi's published figure covers a larger share of total project cost.
- Iron Bridge Lending's minimum loan size is $75K, below Kiavi's $100K floor — Iron Bridge Lending is the fit for a smaller deal that would fall under Kiavi's minimum.
- Iron Bridge Lending's maximum loan size is $3.0M, above Kiavi's $2.0M ceiling — a larger transaction may need to go to Iron Bridge Lending.
- Kiavi publishes coverage in 49 states; Iron Bridge Lending does not publish a state count. That does not mean Iron Bridge Lending covers fewer states, only that the figure is not published.
- Iron Bridge Lending was founded in 2009, 4 years before Kiavi (founded 2013) — longer time in the market, not a claim about which underwrites better today.
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Iron Bridge Lending vs Kiavi FAQ
Iron Bridge Lending's published rate range is 9.5%–12%. Kiavi's published rate range is 5.875%–12%. Both ranges depend on credit, leverage, DSCR coverage and borrower experience, so where a specific deal prices inside either range varies.
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.
Iron Bridge Lending does not publish a minimum credit score. Kiavi publishes a minimum credit score of 660.
Iron Bridge Lending does not publish a minimum DSCR. Kiavi's minimum DSCR is 0.80.
Iron Bridge Lending's loan size runs $75K to $3.0M. Kiavi's loan size runs $100K to $2.0M.
Iron Bridge Lending's typical close time is 7-14 days typical. Kiavi's typical close time is 7-14 days typical. Actual timelines depend on documentation, title work and underwriting load regardless of lender.
This comparison is an independent directory listing. DSCR Loan Program is not affiliated with Iron Bridge Lending or Kiavi, receives no payment for placement, and does not rank lenders in exchange for compensation. Rates, terms, and eligibility are determined by each lender and subject to change. Always verify current pricing directly with the lender before relying on any specifics.