Hard Money Lenders in US

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 cater to real estate entrepreneurs hoping to build multi-family apartments with our new construction loans. You can also apply for a rehab loan, if your intention is to renovate a property.

Yes, New Silver is a direct 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 the real estate loan. As a result, the financing and credit score requirements are less stringent than a conventional loan, 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 to real estate developers who build single family (1-4 unit) residential properties.

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, including the maximum loan amounts available, can be found on the loan product page.

The origination fee (loan points) 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.

In short, yes. While our credit requirements are not as stringent as a traditional lender, we do review the credit history of all our borrowers when issuing a house loan. If you have any concerns about credit, we recommend reviewing the credit requirements on our loan product page. Additionally, you can reach out to our loan officers with additional questions.

Right now, we do not specialize in commercial or mixed use properties. With that being said, our maximum loan amount should be big enough to cover both residential and commercial projects.

Right now, we do not offer a home equity line of credit product. However, we do offer Hard Money Refinance loans, which also allow you to tap into the home equity available to you. You can read more about this on our hard money loans page.

New Silver does not offer payday loans. However, we do offer personal loan products, which can provide additional cash flow for any projects, renovations and all other business activities.