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

Current as of

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 80%

Term

up to 24 months

Minimum Loan Amount

$100,000

Maximum Loan Amount

$5,000,000

Minimum FICO

650

Type of Property

Residential 1-12 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

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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

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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

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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

Standard Tier
VIP Tier
Elite Tier
Institutional Tier
Number of loans closed with
New Silver in the past 24 months
Only Fix and Flip and Ground Up products are eligible for this program
<3
3
6
10
Interest Rate Discount
No
50bps
75bps
100bps
Origination Fee Discount
No
25bps
50bps
75bps
Appraisal Post Closing
No
Yes
Yes
Yes
Free Appraisal
No
Yes
Yes
Yes
Underwriting Priority
Standard
High
High
Highest
Guaranteed Extension Approval
No
Yes
Yes
Yes
Closing cost credits
No
No
No
Yes

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.