New Silver
West Hartford, Connecticut
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
Loan Amounts
Interest Rates
Loan Terms
Origination Fees
Lien Position
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
noWill Provide Proof of Funds Letter
yesWill Consider Lending on Purchase from Auction
noAllowed Source of Borrower’s Equity
- Own Cash
- Equity in Another Investment Property
- Seller Financing
- Family
Experience Required
yesMinimum Number of Value-Add Projects Completed by Borrower
1Will Provide Funds for Renovation Costs
yesMax LTC for Renovation Costs
100%Interest Charged for Renovation Costs
Only on Funds DrawnTypical Number of Days for Funds Draw
2Maximum After Repair Value
70.00%Development Experience Required
yesMinimum Number of Ground-Up Construction Projects Completed by Borrower
1Max LTC for Ground-Up Construction Costs
80%Interest Charged for Construction Costs
Only on Funds DrawnWill Lend on Partially Completed Construction Projects
noRenovation 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
New Silver Testimonials
CT Real Estate Developer and New Silver Client since 2013
"Its been a pleasure working with New Silver’s team for the past 4 years. True professionals, New Silver has been a valued partner, helping my real estate development business expand much faster then I anticipated. "
Connecticut
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Stay Informed About Private Lending
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.
Associations
- American Association of Private Lenders - Lender Member
Office Locations
Central Connecticut33 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
Our Team
Guy Neumann
Partner
Alex Shvayetsky
Partner
Get In Touch
Stay Informed About Private Lending
Our Minimum Loan Amount Is
$75,000
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