Fast San Jose Hard Money Loans
Ready to close in less than a week
Need funding fast? Look no further than New Silver. New Silver has the perfect selection of hard money loans for property investors in San Jose.
New Silver has a variety of different hard money loan products available to suit every real estate investor’s needs. Run by a team of experienced real estate professionals, our loans are well suited to real estate investors in San Jose, CA.
For house flippers hoping to purchase a fixer upper to renovate and resell in San Jose. Interest rates from 9.5 – 11.25%, Loan-To-Cost up to 90%, with loan terms up to 24 months. Hard Money Refinance Loans also available.
Get up to $5,000,000
Interest rate 9.5 - 11.25%
Origination fee from 1.875%
Up to 100% construction
30-year rental loans for stabilized rental properties. Ideal for investors hoping to acquire an investment property. Interest rates from 7.00%, loan-to-purchase price up to 80%. Built for buy and hold investors that purchase rental properties.
Get up to $2,000,000
Interest rate from 7.5%
Origination fee 3%
30-year fixed rate
Designed for residential builders, our ground up construction loans can finance up to 85% Loan-to-Cost (LTC). Interest Rates from 9.5 - 11.50%
The perfect solution for builders in San Jose that need quick access to capital to fund construction costs.
Get up to $5,000,000
Interest rate 9.5 - 11.50%
Origination fee from 1.875%
Up to 24 months
Apply online for a personal loan ranging from $1k to $100k. Rates start from 7%. Compare and apply to multiple lenders quickly and easily.
Get pre-approved online immediately, with final approval of the funds within 48 hours. Loan terms up to 10 years.
Get up to $100,000
Starting at 7% APR
No collateral required
Compare many lenders
Getting a traditional loan is a slow, drawn-out and exhausting process. At New Silver, our hard money loans are designed for real estate investors that value speed, efficiency and transparency. Offering house fix-and-flip, fix-to-rent and cash out refinance loans, our team of experienced real estate experts are available to get you capital and assist you with any hiccups that may come up along the way.
New Silver is unlike other hard money lenders in San Jose. As licensed real estate investment professionals, we know what real estate investors need: quick and easy online applications, terms of up to twenty-four months and most of all, fast loan closing and attractive rates. At New Silver, we specialize in hard money loans for single-family residential, but we can also cater to multi-family and commercial real estate projects. Contact our San Jose hard money lending team today to find the best loan fit for your next real estate project.
Ultimately, if you need fast, efficient, financing solutions with competitive interest rates, New Silver is the hard money lender for you.
It doesn’t matter if you are a buy and hold investor or a house flipping specialist. New Silver is a hard money lender with a selection of real estate loans perfectly matched to meet your real estate investing needs. Unlike a conventional mortgage which can take ages to complete, our hard money loans can be approved online in less than 10 minutes, with an instant proof of funds letter to help you secure the purchase. We are ready to help you solve your real estate investment needs.
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.
The main reason fix and flip loans have higher interest rates than traditional bank loans is because of the risks involved in the transaction. Unlike 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.
On this point, it is also worth noting that the monthly payment of each New Silver hard money loan program works on interest only payments. This helps reduce the cash flow burdens of the investor while the project is underway.
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.
Hard Money Loans Across The US
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