New Silver

2475 Albany Ave #203B, 06117, West Hartford, United States
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4.65
Based on 20 Reviews

5

85.00%

4

5.00%

3

0.00%

2

10.00%

1

0.00%
About New Silver

New Silver is a fintech company with a mission to improve local communities by providing fast, convenient, and flexible capital to real estate investors. We use data and technology to underwrite and originate investment property loans with more efficiency and predictability. Our pricing engine provides instant online loan approval and a term sheet so that our many happy clients are ready to make an offer in as little as 5 minutes.

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Jacque Miley
US

This is an honest review This is an honest review. I type this with the hope that it will make real change. The communication and process was extremely poor. Were they finally able to fund my deal? Well, yes. It was everything in between that reflects in the review. It’s too much to detail on a platform such as this but I do believe New Silver has room to improve internally. I would say just be prepared and for the time being don’t have your standards too high if you plan on using New Silver in the near future. Not sure I’d use them again unless I was in a position that I just absolutely had to.

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Jonathan Korman
US

Amazing New Home Construction Loan Experience Having found New Lone online I was a little skeptical of woking with them. I read the great online reviews and I now can say that these reviews are all true. James, Amra and the entire New Line team exceeded my expectations and made the process easy and fast. I’m looking forward to doing more loans with them in the near future. Jonathan Nest Builders LLC

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Ms Jackson
US

New Silver Does it Right AGAIN!! New Silver is marvelous! Sometimes the experience can be “off”, the second time around but New Silver came through with another awesome experience with my Fix n Flip. I interacted with the same players as my first deal 2 weeks ago and again, they did not disappoint!! James and Amra were right there til the end, ensuring all went well. I can’t thank you enough for helping me fulfill my dream of working multiple flips at the same time and right on time!! . Til next time….

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Vaughn
US

Terms changed during process Terms changed during process Initial Term sheet stated 10/2 75%cash out Changed to 10.5/2 65%. Even though my appraisal came in above what I presumed. Forced to give an account for auto draft at closing. All aspects to be discussed upfront Too many unpleasant surprises. Felt like I was working with a conventional lender

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Kevin Poole / GPA Investments, LLC.
US

Good hard money company but needs 100% financing terms or deferred interest payment terms. Good hard money company. New Silver Lending needs 100% financing that way they don't loose developers to other banks that will offer 100% financing to repeated clients. New Silver should learn to roll everything into the deal, so that the developer can do more deals. If the developer has to come out of pocket to close the deal, then, the developer's monthly interest payments should be deferred until the property is sold. This will help to make all developer stay with New Silver for all deals. Because of this, I am negotiating will other lenders who are willing to do this.

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