New partnership fuels real estate investors’ access to competitive financing
New Silver, a leading lending platform for real estate investors, has announced a new forward flow purchase agreement with funds managed by affiliates of Fortress Investment Group, aimed at expanding the availability of Real Estate Transition Loans (RTLs), which include New Silver’s Fix-and-Flip and Ground-Up construction loans. This strategic transaction will equip New Silver with additional capital to serve a growing base of real estate investors seeking fast financing.
The agreement reflects a purchase facility under which funds managed by affiliates of Fortress expect to acquire loans originated by New Silver. The transaction combines New Silver’s tech-forward lending platform with Fortress’s robust asset-backed credit solutions to offer a streamlined funding process to investors pursuing residential real estate projects. By addressing the unique financing needs of real estate investors, New Silver aims to empower entrepreneurs to succeed in an evolving real estate landscape.
“We are looking forward to rolling out this partnership. We believe this is going to further solidify New Silver’s position in the marketplace,” says Kirill Bensonoff, CEO of New Silver. “Thanks to our customer centric approach, friendly team and innovative technology, we have grown significantly over the past 12 months, and will continue to provide market-leading services while helping our clients stay nimble and competitive.”
“Fortress is pleased to support New Silver’s growth through this forward flow purchase agreement,” added Michael Fallacara, Managing Director at Fortress. “New Silver’s focus on providing real estate investors with both investment insights and targeted loan products creates a differentiated proposition.”
This agreement marks a strategic step for New Silver in advancing real estate lending solutions and as part of its commitment to supporting investment growth and innovation in the real estate sector.
