{"id":245936,"date":"2026-07-17T16:15:08","date_gmt":"2026-07-17T16:15:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-pa\/245936\/"},"modified":"2026-07-17T16:15:08","modified_gmt":"2026-07-17T16:15:08","slug":"pittsburgh-real-estate-lender-kiavi-being-bought-for-717m-in-blockchain-marketplace-deal-wpxi","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-pa\/245936\/","title":{"rendered":"Pittsburgh real estate lender Kiavi being bought for $717M in blockchain marketplace deal \u2013 WPXI"},"content":{"rendered":"<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\">PITTSBURGH \u2014 A Pittsburgh real estate lender powered by AI is being bought by a publicly traded blockchain-native capital marketplace for tokenized assets in a $717 million transaction.<\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\">Figure Technology Solutions (NASDAQ:FIGR) said it has a definitive agreement to acquire Kiavi. The transaction, announced on June 10, includes the purchase of Kiavi\u2019s balance sheet assets by a joint venture between Figure and international investment firm Sixth Street, which is buying loans off Kiavi\u2019s balance sheet. The deal is expected to close pending regulatory and other approvals.<\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\">Figure, on July 9,<a href=\"https:\/\/investors.figure.com\/news-releases\/news-release-details\/figure-technology-solutions-announces-pricing-private-offering\" rel=\"nofollow noopener\" target=\"_blank\">announced the pricing of a private offering<\/a>of senior notes expected to result in about $587.5 million in net proceeds that the company intends to use to fund the cash consideration payable in connection to the acquisition of Kiavi. The closing of the issuance is expected to occur on July 14, subject to customary closing conditions.<\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\"><a href=\"https:\/\/www.bizjournals.com\/pittsburgh\/news\/2026\/07\/14\/figure-buys-kiavi.html?ana=wpxi\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.bizjournals.com\/pittsburgh\/news\/2026\/07\/14\/figure-buys-kiavi.html?ana=wpxi\">Click here to read more from our partners at the Pittsburgh Business Times. <\/a><\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\">Download the <a href=\"https:\/\/www.wpxi.com\/mobile-apps\/\" rel=\"nofollow noopener\" target=\"_blank\">FREE WPXI News app<\/a> for breaking news alerts.<\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\">Follow Channel 11 News on <a href=\"https:\/\/www.facebook.com\/wpxi\" rel=\"nofollow noopener\" target=\"_blank\">Facebook<\/a> and <a href=\"https:\/\/twitter.com\/WPXI\" rel=\"nofollow noopener\" target=\"_blank\">Twitter<\/a>. | <a href=\"https:\/\/www.wpxi.com\/video\/\" rel=\"nofollow noopener\" target=\"_blank\">Watch WPXI NOW<\/a><\/p>\n<p>TOP STORIES FROM CHANNEL 11 NEWS <\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph body-copyright\">\u00a92026 Cox Media Group<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"PITTSBURGH \u2014 A Pittsburgh real estate lender powered by AI is being bought by a publicly traded blockchain-native&hellip;\n","protected":false},"author":2,"featured_media":245937,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[14190,1085,60,5665,37621,32849,1510,2265,5439,16304,105226,105227,77440,15217,25427,10423,86,14679,1084,105228,71014,24972,66631,12452,7586,73,75,74,82,37620,44133,105229,5371,1081,4047,105230,421,1986,14637,5376,105231,5377,5378,4553,10528,1083,105232,7365,37722,56177,427,9393],"class_list":["post-245936","post","type-post","status-publish","format-standard","has-post-thumbnail","category-pittsburgh","tag-architecture","tag-building","tag-business","tag-buy","tag-estate","tag-exterior","tag-family","tag-finance","tag-for","tag-for-sale","tag-for-sale-sign","tag-for-sale-signs","tag-foreclosure","tag-front","tag-garden","tag-grass","tag-home","tag-home-for-sale","tag-house","tag-house-for-sale","tag-lawn","tag-loan","tag-luxury","tag-mortgage","tag-new","tag-pittsburgh","tag-pittsburgh-headlines","tag-pittsburgh-news","tag-property","tag-real","tag-real-estate-agent","tag-real-estate-agents","tag-real-estate-sign","tag-real-estate","tag-red","tag-red-sign","tag-residence","tag-residential","tag-roof","tag-sale","tag-sellers-market","tag-selling","tag-sign","tag-signage","tag-signs","tag-sold","tag-sold-sign","tag-street","tag-suburban","tag-transparent","tag-window","tag-windows"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/245936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/comments?post=245936"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/245936\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media\/245937"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media?parent=245936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/categories?post=245936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/tags?post=245936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}