New Silver serves real estate entrepreneurs in most areas of the Unites States. The founding team comes from technology, finance and real estate background, and streamlined the process with the client in mind. Starting with an easy online application that takes under 5 minutes to complete, the funding process can be done in under a week.

Property Geographic Area Details
All states except CA, NV, AZ, UT, SD, ND, ID, MN, OR
Loan Amounts
$75,000 to $3,000,000
Interest Rates
7.875% to 11.5%
Loan Terms
3 months to 360 months
Origination Fees
1.75% to 3.5%
Lien Position
1st
Collateral Types
  • Residential Property
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Development Project
Property Occupancy
  • Vacant
  • Tenant Occupied 100%

Property Types

  • 2-4 Units Residential
  • Condominium
  • Mixed-Use
  • Multifamily
  • Office
  • Single Family Residence

Loan Types

  • Private Money
  • Hard Money
  • Commercial Bridge
  • Residential Bridge
  • Commercial Property Value Add
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Commercial Ground-Up Construction
  • Residential Ground-Up Construction

Max Loan-to-Purchase Price

89%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

no

Allowed Source of Borrower’s Equity

  • Own Cash
  • Equity in Another Investment Property
  • Seller Financing
  • Family

Experience Required

yes

Minimum Number of Value-Add Projects Completed by Borrower

1

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

100%

Interest Charged for Renovation Costs

Only on Funds Drawn

Typical Number of Days for Funds Draw

2

Maximum After Repair Value

70.00%

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

1

Max LTC for Ground-Up Construction Costs

80%

Interest Charged for Construction Costs

Only on Funds Drawn

Will Lend on Partially Completed Construction Projects

no

Renovation Construction Draw Fee

125

Fees which are mandatory for all new borrower clients

  • Underwriting Fee

Fees which are paid to a third party company

  • Legal Fee
  • Renovation or Construction Funds Draw Fee

Details and Requirements

Typical Closing Time (Days)

10

Fastest Closing Time (Days)

5

Payment Structure
  • Interest Only
  • Amortized
  • Interest Reserve
Pre Payment Penalty

no

Will lend to a foreign national

no

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

no

Will Consider Collateralizing Multiple Properties in One Loan

no

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered
  • Individual(s)
  • LLC
  • Limited Partnership
  • Corporation
  • Non-Profit Corporation
Documentation Required
  • Credit Report
  • Loan Application
Personal Guaranty (Recourse) Required
Always
Credit Check Required

yes

Minimum Credit Score Required

550

Appraisal Required for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Legal Disclaimer

New Silver Lending, LLC makes business purpose loans and does not originate owner-occupied residential mortgage loans. Information, rates and pricing are subject to change without prior notice. All loans are subject to borrowers and underlying collateral meeting underwriting criteria. Other restrictions may apply.

New Silver Testimonials

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New Silver is a tech-first non-bank loan originator, with a vision of making the private lending process easy for the borrower.  New Silver’s technology allows borrowers to get approved for a loan online, in under 10 minutes, and close within 7 days. Technology and strong customer relationships give New Silver an edge in addressing the $70bn per year “fix and flip” real estate-backed lending space, with a focus on single family residential and small balance commercial investment properties located on the East Coast of the United States.

Company Size (Number of Employees)

10

Year Established

2013

Associations

  • American Association of Private Lenders - Lender Member

Office Locations

Central Connecticut
33 Hamlin Drive, West Hartford, Connecticut 06117

Southern CT
263 Tresser Boulevard, Stamford, CT 06901

MA
255 Cypress St, Brookline, MA 02445

Rhode Island
10 Dorrance Street Suite 700, Providence, RI 02903

Primary Capital Source
  • Own Funds
  • Other Private Lending Companies
  • Hedge Funds
Loan Structure for Majority of Loans
  • Own Balance Sheet
  • One Investor One Loan
  • Table Funding with Capital Partner
Percentage of Loans Secured by Commercial Property

10%

Percentage of Loans Secured by Residential Property

90%

Total Number of Loans Funded to Date

57

Our Team

Guy Neumann

Partner

Alex Shvayetsky

Partner

Get In Touch

New Silver pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
subscribe-illustration
Before You Contact Us

Our Minimum Loan Amount Is

$75,000

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