Overview
New Silver is a tech-forward non-QM lender with fast underwriting and accessible minimum loan sizes that suit newer investors.
New Silver is based in West Hartford, CT and was founded in 2018. They operate nationally and offer fix-and-flip, BRRRR, rental, bridge financing. Their loan amount range runs from $65K to $3.0M.
Key terms at a glance
| Loan type | Hard money / non-QM institutional |
|---|---|
| Products | fix-and-flip, BRRRR, rental, bridge |
| Geographic coverage | National |
| Loan size | $65K – $3.0M |
| Interest rate range | 9.5% – 11.75% |
| Origination points | 1 – 3 |
| Max LTV | 80% of ARV |
| Max LTC | 90% of cost |
| Term lengths | 12-24 months (hard money) / 30-year (rental) |
| Typical close time | 5-14 days typical |
Strengths
- tech-driven fast underwriting
- low minimum loan sizes
- BRRRR-friendly
Ideal borrower
Newer-to-mid investor with smaller deal sizes
How New Silver compares for Chicago investors
For Chicago metro investors specifically, New Silver operates as one of multiple national options — competitive on broad product menus but local Chicago lenders sometimes win on relationship and close speed. As an institutional non-QM lender, their underwriting is templated and predictable — fast for experienced borrowers, less flexible for non-standard deals.
Common alternatives in Chicago
- Renovo Financial — Chicago-based, deepest local knowledge
- Kiavi — Tech-forward national leader
- Lima One Capital — Broad product suite, BRRRR-friendly
- Easy Street Capital — STR-DSCR specialist
New Silver FAQ
Yes — New Silver operates nationally and regularly funds Chicago-area deals
New Silver's indicative rate range is 9.5%–11.75% with 1–3 points. Pricing depends primarily on funded-deals history, deal leverage, and exit certainty.
New Silver's typical minimum loan is $65K, with maximum loan size up to $3.0M.
New Silver's typical close timeline is 5-14 days typical. Fast-close depends on documentation quality, title clarity, and underwriting load.
New Silver offers fix-and-flip, BRRRR, rental, bridge financing. They also do DSCR rental refinance, which makes them a one-stop shop for BRRRR strategies.
Newer-to-mid investor with smaller deal sizes
This review is an independent directory listing. Hard Money Chicago is not affiliated with New Silver. Rates, terms, and eligibility are determined by the lender and subject to change. Always verify current pricing directly with the lender before relying on any specifics.