New Silver
West Hartford, Connecticut
2154545
The fastest way to borrow
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.
Why Choose New Silver
- Instant Online Approval – Easy 5 minute application process, completed online, no hard credit pull required
- Instant Proof of Funds Letter – Beat the competition and secure your investment property
- Instant Term Sheet – Get your term sheet online in under 5 minutes. No need to wait for a phone call, get approved online and download your term sheet
- Repeat Client Discounts – Discounts on fees and interest for repeat borrowers that love working with us
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
- Residential Bridge
- Residential Fix and Flip
- Residential Rehab and Rent
- Residential Ground-Up Construction
- Commercial Bridge
- Commercial Property Value Add
- Commercial Ground-Up Construction
Max Loan-to-Purchase Price
80%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%Development Experience Required
yesMinimum Number of Ground-Up Construction Projects Completed by Borrower
1Max LTC for Ground-Up Construction Costs
90%Interest Charged for Construction Costs
Only on Funds DrawnWill Lend on Partially Completed Construction Projects
noMinimum Loan Amount
$100,000Maximum Loan Amount
$2,000,000Minimum Interest Rate
7.5%Minimum Origination Fee
2%Maximum Origination Fee
3%Minimum Loan Term
360 monthsMaximum Loan-To-Value
80%Maximum Loan-To-Purchase
80%Will Lend on a Portfolio of Properties
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
Excellence is an understatement
"Excellence is an understatement to describe New Silver Services. It's more like SUPER SUPER EXCELLENCE SERVICE from NEW SILVER.I am super excited to have your company as my source for funding my projects. You are the best in this business. Alex Shvayetsky is the best in this business, he delivers 100+ % every day. You are my first and only recommendation to my colleagues in this development business. Alex's consistency is second to none. He is a man i admire in regards to his work ethic."
Close at Ludicrous speed!
"James and the entire team at New Silver were amazingly helpful. We were in a tough bind with a traditional lender leaving us high and dry at the 11th hour but New Silver gave us options and was able to get us the clear to close in lighting speed! I would recommend these folks 100x over!"
These guys are unbelievably good
"These guys are unbelievably good. They were able to get things done where others weren't able to. We had gotten stuck in a jam when another lender wasn't able to perform. These guys stepped in and within 10 days, closed the deal. Thanks Alex and Marwan."
Contact New Silver
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 5 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.
New Silver offers the following types of loans to real estate investors:
- Fix-&-Flip Loans
- Construction Loans
- Rental Property Loans
Associations
- American Association of Private Lenders
Office Locations
Head Office2475 Albany Ave Suite 203B, West Hartford, Connecticut 06117
MA
255 Cypress St, Brookline, MA 02445
Texas
9801 Warwana Rd, Houston, Texas 77080
Florida
2729 FL-580 Suite B, Clearwater, Florida 33761
Our Team
Contact New Silver
Stay Informed About Private Lending
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