According to CoinMeta, Figure Technology Solutions has completed the acquisition of real estate lending institution Kiavi for a total transaction amount of $717 million. As announced by Figure on September 1st, the company acquired the technology and operational platform of Kiavi, as well as other assets under the merger agreement signed in June. The completion of this transaction is nearly three months after Figure agreed to acquire Kiavi. Figure expects Kiavi to bring in over $7 billion in annual loan volume to its market. Kiavi provides financing for residential real estate investors through short-term residential transition loans and long-term debt service coverage ratio loans. This acquisition will integrate Kiavi's brand, technology, and platform into Figure's network of over 480 active ecosystem partners. Kiavi's CEO, Arvind Mohan, will join Figure as Chief Commercial Officer, responsible for promoting the platform within the Figure ecosystem.