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All Loan Products
Fix & Flip
Funds for purchase + rehab or refinance + rehab
Get up to $5,000,000
Interest rate 9.25 - 11.25%
Origination 1.25 - 1.75%
Up to 100% construction
Rent
30 year fixed product for stabilized properties
Get up to $3,000,000
Interest rate from 6.375%
Origination 0 - 2%
30-year fixed rate
Ground Up
Construction loans for residential builders
Get up to $5,000,000
Interest rate 10.5 - 11.5%
Origination 1.5 - 2%
Up to 18 months
Frequently Asked Questions
Yes, the maximum allowed property size is 5 acres.
No, New Silver does not cross collateralize and cannot provide portfolio loans. Each property needs to qualify individually and requires a separate application and loan.
No, we do not offer financing for raw or undeveloped land where there are no plans for development. If you are interested in building a dwelling on the land, you may qualify for a Ground Up loan.
The minimum loan amount of $100,000, property as-is value of $100,000 or higher, and after repair value of $150,000 or more.
No, we do not finance rural property.
Yes, an appraisal with interior access is required. For projects with 5+ units, a full commercial appraisal will be required.
For our fix and flip and ground up programs, we will need 6 comparable sales within a 5 mile radius sold within the last 12 months. While this is the general policy, there may be exceptions made with investment committee approval.
You need to be a US citizen or legal resident.