We have recently expanded our services to include even more locations around the US. As s data-driven hard money lender, we aim to help real estate entrepreneurs build, by giving them fast financial solutions for a variety of investing purposes.
New Silver now offers hard money loans in California, expanding the list of 40+ states where we offer fix and flip loans for real estate investors. Our market leading products for real estate investors allow investors to find and finance property on the same platform. We’ll help you search for great property deals, then apply for funding, and ultimately start your journey towards building wealth from real estate.
“We are looking forward to serving the California real estate investor community with the world’s fastest lending products. We believe our data-driven approach, instant online approval and fast closing will help investors in CA get better deals and earn a higher return on their investment,” said Kirill Bensonoff, Managing Partner at New Silver.
Real estate investors in California can now apply and get instant approval for fix and flip loans, rental loans, ground-up and unsecured personal loans. Investors can also find their next investment property using FlipScout, our free and easy-to-use tool which helps anyone find deals with the highest return on investment.
FlipScout is our innovate solution for investors who want to quickly find a property that’s worth investing in. We’ve got useful data on each property’s return on investment, estimated after-repair value, the rehab cost, the profit amount and so much more. FlipScout was designed with investors in mind to save you time by allowing you to find your next investment property and get funding for it, all in the same place.
The real estate market in California is booming, with property investors making approximately $40,040.00 in profit per flip during the first half of 2021. According to Attom Data, there were over 6,900 house flips in California completed over the first half of 2021, with an average resale price of $540,850. The prices of homes are rising at a rapid clip, and single-family house prices in California have recently reached an all-time high.
Investors looking to dip their toes in the California real estate market can now do so with our loan programs for California. You can visit the California page on our website here.