Hard Money Lenders Hawaii

Yes. New Silver is a private lender that offers short term loan products for house flipping projects, but we also have 30 year rental property loans for investment properties. We also cater to real estate entrepreneurs hoping to build multi-family apartments with our new construction loans.

Yes, New Silver is a private money lender that provides asset-based loans at scale. With asset-based lending, the underwriting process can be more lenient than conventional lenders. This is because the underlying value of the asset is more important than the financial background of the investor when setting the terms of a private money loan.

As a result, the financing and credit score requirements of a private money lender are less stringent, income verification is not needed and the debt-to-income ratio of the borrower doesn’t matter. Plus, we can get you approved and closed within 7 days.

Yes. We offer ground-up construction loans for real estate developers that build single family (1-4 unit) residential properties.

Importantly our private money construction loans have a maximum loan amount of $5,000,000. This can cater to residential building projects ranging from 1 to 50 units.

Yes. Our fix and flip loans can act as a bridge loan for real estate investors with a loan term ranging from 6 to 24 months in duration. More information can be found on the loan product page, together with the maximum hard money loan amounts available.

The main reason fix and flip loans have higher interest rates than a conventional lender is because of the risks involved in the transaction. Unlike a traditional loan for a residential home purchase, a fix and flip project could run over budget or the real estate market could take a turn for the worse, making the property difficult to sell quickly.

In other words, you could potentially lose money with a fix and flip. This risk is applicable to the borrower and the lender. The higher interest rate compensates for this risk, which traditional mortgage lenders don’t face.

The origination fee (loan points) of a hard money loan is usually between 2-3%, but this varies with each deal. To work out the expected monthly payments, it is best to use our hard money loan calculator.

On this point, it is also worth noting that the monthly payment of all New Silver hard money loans work on interest only payments. This helps reduce the cash flow burdens of residential real estate investors while the project is underway. Interest only payments are one of the best benefits that you can unlock by working with a reputable hard money lender like New Silver.

In short, yes. While our credit requirements of hard money lenders are not as stringent as a traditional lender, we do review the credit history of all our borrowers. If you’re worried about bad credit, it is best to look at our loan products page to see if New Silver is a good fit for your needs. Once you select an appropriate option, a loan officer will guide you through all the steps needed to access your capital.

1. House Flipping Loan – Designed for house flippers
2. Rental Property Loan – 30 year loan for investment properties
3. Construction Loan – For new residential building projects
4. Personal Loan – Private loans for whatever you need

Right now, we do not specialize in commercial loans. With that being said, our maximum loan amount should be able to provide you with enough cash to cover both residential and commercial properties.

It all boils down to the number of units. New Silver can provide capital for investment properties ranging from 1 to 50 units. If you're investing in commercial properties that are greater than 50 units, we can connect you with a partner than can provide the funds needed to complete large-scale commercial buildings.