What Happened to LendingHome: Renamed Kiavi Nov 16, 2021, Notes Closed, 24 LHOME Trusts Filed by 2026

The name: what changed and when

People still search “LendingHome” because the company used it from its 2013 start until late 2021. The company's own press pages give two dates. On September 1, 2021, “LendingHome, one of the nation's largest lenders to real estate investors, today announced that the company will change its name in coming months and rebrand as Kiavi.” On November 16, 2021, it announced that “it has officially completed its rebrand to Kiavi”. Our Kiavi review covers the company as it is today; this page is about the old name and the paper trail behind it.

The SEC record shows the same change in the name of one filer, CIK 1601642. EDGAR lists the former names LendingHome Funding Corp and Kiavi Funding, Inc.; those EDGAR dates are filing dates, not the legal effective dates of the changes.

Two legal names and one trade name are easy to mix up. The consumer-facing brand moved from LendingHome to Kiavi in 2021. The corporation then changed from Inc. to LLC by the report of November 3, 2026, and since September 1, 2026 Kiavi has been part of Figure Technology Solutions, Inc. (see our Figure and Kiavi page). Figure's release says it “acquired Kiavi's technology and operating platform and certain other assets” and that a joint venture with Sixth Street “purchased loans off Kiavi's balance sheet”. We do not read it as saying which loans went where.

The investor marketplace: three note programs on Form D

LendingHome let individuals lend on its loans through notes. The SEC filings for these are Forms D, which a company files to claim an exemption from registration. They are short notices: how much is offered, how much was sold when the form was filed, and how many investors. They are not audited and are not updated when a program ends. Each row below is one filing, using the latest amendment where there was one.

Three readings of the table, all our arithmetic. The Marketplace amendment implies an average of about $160,426 per investor ($248,660,293 divided by 1,550), which is not the profile of a small retail product. The Funding Vehicle had sold 15.9% of its $100,000,000 offering when it filed its amendment ($15,865,741 divided by $100,000,000). And the 2014 filing is a registration of intent: it says $0 sold, so it does not show that any note was sold in 2014. The later program that does show sales begins with a first sale dated April 17, 2017 on the Marketplace filings.

The Funding Vehicle filing describes its managing member this way: “LendingHome Marketplace, LLC is the managing member of Issuer”. That matters for a former note investor because the issuer of the 2019 to 2020 Platform Notes on this filing is LendingHome Funding Vehicle, LLC, a separate entity from the company that now files securitization reports.

LendingHome also filed Forms D for its own equity raises (LendingHome Corp: $11,209,935 sold in the November 2013 filing, $21,936,078 in August 2014 and $69,997,100 in March 2015) and for private funds (Fund I-B in 2014; Opportunity Fund II (A), (B) and REIT LLC in 2017 and 2018). Those are in the CSV; none is a note a retail investor could buy.

How the note program ended

No SEC filing records the end. The only wording we found is an investor email quoted on The Real Estate Crowdfunding Review: “As communicated in our email sent to investors on October 19, 2021, LendingHome Funding Vehicle, LLC (“LHFV”) will no longer be accepting new investments in Platform Notes and will cease issuing Platform Notes at such time.” It adds that “as of October 31, 2021, LHFV is discontinuing all auto-investments of investment proceeds into new Platform Note”, and gives a reason: “we have decided to take a different approach to our capital strategy.” That site is a third party quoting the email, so treat the dates as reported, not as filed. The stop came 48 days after the September 1, 2021 rebrand announcement and 28 days before the completion announcement on November 16, 2021 (our arithmetic).

What the filings do not show: how much was repaid, how many notes remain outstanding, or any loss. Form D carries none of that. If you held Platform Notes, your own statements and the notice emails are the record. Our PeerStreet explainer shows what an actual bankruptcy of a loan platform looks like in the filings, which this was not.

The loans: the LHOME Mortgage Trusts

From 2019 the company funded its short-term investor loans by selling them into securitizations. The trust names carry “RTL”, the industry abbreviation for residential transition loans (our gloss; the filings use the abbreviation). Kiavi's February 19, 2026 release says its $350 million deal was its “sixth rated securitization and 24th deal under its LHOME shelf, bringing its total offered notes to more than $6.8 billion since inception”. Our count from the SEC reports reaches the same 24 LHOME transactions, from 2019-RTL1 to 2026-RTL1, plus the rental-loan deal Kiavi Issuer Trust 2022-SR1.

The last column is the first of the 21 quarterly Rule 15Ga-1 reports that lists the series, not the closing date, which the filings do not give. For the six newest deals, a separate Rule 15Ga-2 filing carries the third-party diligence exhibits when the deal is sold, and it appears earlier than the quarterly report. Those exhibit indexes give loan counts, not findings:

For the other years the SEC record has no dollar issuance figure per deal. We use no dollar size for a given year except the company's own statements (a $350 million deal on February 19, 2026, “$1 billion in rated securitizations” closed in 2025, more than $6.8 billion offered since inception), which we have not checked against offering documents. What the reports do show is how many transactions Kiavi had to cover each time:

The count falls from 13 to 7 between August 5, 2024 and November 3, 2026 even as new deals were added, so older trusts have left the list. The filings do not say why, and we do not guess. The repurchase side of these reports (24 loans and $6,826,900 in the quarter ended September 30, 2026) is on our Kiavi LHOME repurchase page. We looked for 10-D distribution reports for the trusts and found none: an EDGAR company search for the LHOME and Kiavi names returned only the securitizer and its depositor, so the trusts have no filer page of their own.

Who services the loan now

This is the question most searchers have, and the filings do not answer it for any individual loan. What Kiavi says on its servicing page, read November 9, 2026: “Kiavi has always serviced all of our Bridge (or Fix-and-Flip) loans in-house. Your Bridge loans start and end with us. Currently, our Portfolio and Rental loans are sent to a third party for servicing. If you have a Rental or Portfolio loan question, please contact your loan's servicer for assistance.” The same page says direct borrowers can request a payoff statement from the borrower portal and that Kiavi “currently only accepts wires for the payoff on our bridge loans”.

The footer names the entities that make loans: “All DSCR and Rental Loans are originated and funded by Figure Lending LLC dba Figure effective 9/1/2026”, and bridge loans on property in Arizona, Idaho, Nevada, Oregon and South Dakota are originated and funded by Figure Lending LLC (NMLS ID 1717824), while those in the other listed states are originated and funded by Kiavi Funding, LLC, “formerly known as Kiavi Funding, Inc.” (NMLS ID 1125207). We did not check state licences on NMLS Consumer Access for this page. A loan sold into a trust can keep the same borrower-facing servicer, so the existence of a trust is not itself a change of who you pay (our reading; confirm in your own loan documents).

What a reader can do with this

• If you have an old LendingHome loan: the name on your note is the answer to who owns it, and the name on your statements is who services it. Both may differ from the brand. Use the payoff and servicing contacts on Kiavi's servicing page, and do not rely on emailed wiring instructions: Kiavi's page says it “will NOT email payoff wiring instructions to any of our borrowers”.
• If you held LendingHome notes: the EDGAR record is the three Form D programs above. Ask for the written notice for your own note, and compare the issuer name on it with the issuers in the table (Marketplace or Funding Vehicle). Nothing in the filings tells you what you are owed.
• If you are choosing a lender now: see our Kiavi review and best fix-and-flip lender 2026, which compare lenders on filed numbers.
• If you follow the securitizations: the next Rule 15Ga-1 report (for the quarter ending December 31, 2026) is expected between early January and early February 2027 by the pattern of past years, which is our reading and not a rule deadline.

Kiavi is a paying referral partner of this site, so the box below is a paid placement; nothing above depends on it.

FAQ

All figures are from SEC EDGAR, read on November 9, 2026: Forms D of LendingHome Corp (CIK 1592838; 0001592838-13-000002, 0001592838-14-000001, 0001592838-15-000001), LendingHome Funding Corp (CIK 1601642; 0001601642-14-000001), LendingHome Fund I-B, L.P. (CIK 1606039; 0001606039-14-000001), LendingHome Marketplace, LLC (CIK 1679023; 0001679023-16-000001, 0001140361-17-017351, 0001140361-17-043274), LendingHome Opportunity Fund II (A) and (B) (CIKs 1707594 and 1710111; 0001707594-17-000001, 0001707594-17-000002, 0001710111-17-000001), LendingHome Opportunity Fund II REIT LLC (CIK 1727456; 0001727456-18-000001) and LendingHome Funding Vehicle, LLC (CIK 1791521; 0001567619-19-021862, 0001567619-20-014816); the Forms ABS-15G of Kiavi Funding, LLC (CIK 1601642) filed May 10, 2019 (0000914121-19-001235) through November 3, 2026 (0001104659-26-122198), including the Rule 15Ga-2 filings of Kiavi Depositor, LLC (CIK 2037050); and the SEC submissions record for CIK 1601642. Company statements: Kiavi press releases of September 1, 2021, November 16, 2021, February 19, 2026 and September 1, 2026, and kiavi.com/servicing; the October 19 and 31, 2021 wording is quoted from The Real Estate Crowdfunding Review (third party). This is analysis of public documents, not investment, legal or tax advice.