Hard Money Loans
Data driven hard money lending. Get your loan in under 10 minutes
Fix and Flip
Renovate, rehab and resell your property
Interest Rate
9.5 - 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
24 months
Minimum Loan Amount
$100,000
Maximum Loan Amount
$5,000,000
Minimum FICO
650
Type of Property
Residential 1-50 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
Fix & Flip
Funds for purchase + rehab or refinance + rehab
Get up to $5,000,000
Interest rate 9.5 - 12.75%
Origination fee from 1.875%
Up to 100% construction
Rent
30 year fixed product for stabilized properties
Get up to $2,000,000
Interest rate from 7.5%
Origination fee 2-3%
30-year fixed rate
Ground Up
Construction loans for residential builders
Get up to $5,000,000
Interest rate 9.5 - 13.25%
Origination fee from 1.875%
Up to 24 months
Personal
Unsecured personal loan marketplace
Get up to $100,000
Starting at 7% APR
No collateral required
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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.
You need to be a US citizen or legal resident.