Hard Money Loans
Data driven hard money lending. Get your loan in under 10 minutes
Hard Money Loans
Data driven hard money lending. Get your loan in under 10 minutes
Hard Money Loans
Data driven hard money lending. Get your loan in under 10 minutes
Hard Money Loans
Data driven hard money lending. Get your loan in under 10 minutes
Fix and Flip
Renovate, rehab and resell your property
Interest Rate
10 - 12.75%
Origination fee
from 1.875%
Loan To Cost (LTC)
up to 90%
Construction Financing
up to 100%
Loan To ARV
up to 75%
Term
up to 24 months
Minimum Loan Amount
$100,000
Maximum Loan Amount
$5,000,000
Minimum FICO
650
Type of Property
Residential 1-4 units, condos, townhomes
Benefits For Borrowers
Instant Proof of Funds Letter
Interest Only Payments
Discounts for Repeat Borrowers
Instant Term Sheet
No Hard Credit Pull
No Junk Fees
All Loan Products
Fix & Flip
Funds for purchase + rehab or refinance + rehab
Get up to $5,000,000
Interest rate 10 - 12.75%
Origination from 1.875%
Up to 100% construction
Rent
30 year fixed product for stabilized properties
Get up to $3,000,000
Interest rate from 7.5%
Origination 2-3%
30-year fixed rate
Ground Up
Construction loans for residential builders
Get up to $5,000,000
Interest rate 10 - 13.25%
Origination from 1.875%
Up to up to 24 months
Advantage Program
The Advantage program rewards real estate investors that continuously partner with New Silver, by providing reduced origination fees, reduced interest, appraisal refunds and much more. The more projects you complete with New Silver the greater your Advantage becomes. The Advantage program only applies to Fix & Flip and Ground Up construction programs.
Rewards for our repeat partners
New Silver in the past 24 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.