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.

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.