Tech first non-bank loan originator expands financing solutions to real estate entrepreneurs in the Sunshine State.
HARTFORD, CONN. November 5th, 2019 — New Silver, the hard money lender for the real estate economy has announced the expansion of their states of operation to include Florida. New Silver is a data-driven hard money lender, previously catering to real estate investors in Connecticut, Massachusetts, New York, New Jersey and Rhode Island. New Silver allows investors to get approved for a loan online in under 10 minutes and offers fast closing and terms up to 24 months with multiple loan options to suit the needs of modern real estate entrepreneurs.
“Florida has one of the most robust real estate markets in the country, and we have been studying it for some time. New Silver is excited to bring our innovative products to investors in Florida and empower them to build new wealth,” said Alex Shvayetsky, partner at New Silver.
“Florida real estate is currently a seller’s market, making it a hot destination for investing right now. For instance, flipping houses in Florida is particularly popular right. It is a hot bed of activity. At New Silver, we want to strike while the iron is hot and get financing in the hands of local real estate investors,” added Shvayetsky.
New Silver has a track record of working with clients, like A.D., a real estate entrepreneur, who recently shared this testimonial:
“Five stars! Alex at New Silver was fantastic throughout the entire property buying process. I look forward to working with him for many years to come!”
About New Silver
Founded by partners with expertise in technology and real estate, New Silver is a tech-first non-bank loan originator. New Silver’s technology allows borrowers to get approved for a loan online, in under 10 minutes, and close within 7 days. Technology and strong customer relationships give New Silver an edge in addressing the $70bn per year “fix and flip” real estate-backed lending space, with a focus on single-family residential and small balance commercial investment properties located on the East Coast of the United States.