New Silver Expands into Commercial Real Estate Lending with New Small-Balance Loan Program
TL;DR
New Silver's new loan program gives experienced investors a competitive edge with up to 70% LTARV financing for commercial properties from $2M to $15M.
New Silver's program offers 12-24 month loans with up to 70% LTARV and 80% LTC for qualified investors with 2+ years experience and 5 completed projects.
New Silver's lending expansion helps improve local communities by providing flexible capital to real estate investors for property development and revitalization.
New Silver now offers short-term commercial loans for multifamily, mixed-use, retail and industrial properties nationwide through their fintech platform.
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New Silver, a Connecticut-based fintech lending platform, has launched a new small-balance commercial real estate loan program targeting experienced real estate investors. The program provides short-term financing options ranging from $2 million to $15 million for multifamily, mixed-use, retail, and industrial properties, with loan terms of 12 to 24 months.
The initiative represents a significant expansion of New Silver's offerings beyond residential real estate lending, positioning the company as a nationwide capital partner for seasoned investors. The program offers loan-to-after-repair-value ratios of up to 70% and loan-to-cost ratios of up to 80%, targeting property purchases, purchases with rehabilitation, and refinancing scenarios.
This development addresses a critical gap in the commercial real estate lending market, particularly for smaller balance loans that traditional banks often overlook. The program requires investors to have at least two years of experience and five completed projects, ensuring that financing goes to qualified professionals who can effectively manage commercial properties.
The timing of this expansion is significant as commercial real estate markets continue to evolve post-pandemic, with increasing demand for flexible financing options. Small-balance commercial loans have traditionally been underserved by larger financial institutions, creating opportunities for specialized lenders like New Silver to fill this market void. For more details on the program specifications, investors can visit https://ibn.fm/RRwJx.
New Silver's entry into commercial lending reflects the growing convergence of fintech innovation with traditional real estate finance. The company utilizes data and technology to provide fast approvals and execution certainty while maintaining high-touch customer service. This approach could potentially set new standards for efficiency in commercial real estate lending, particularly for time-sensitive transactions where speed and reliability are crucial.
The program's impact extends beyond individual investors to the broader commercial real estate ecosystem. By providing accessible financing for smaller commercial properties, New Silver's initiative could stimulate revitalization of neighborhood retail centers, smaller industrial facilities, and mixed-use developments that might otherwise struggle to secure funding. This aligns with the company's stated mission of improving local communities through flexible capital provision to real estate professionals.
Curated from InvestorBrandNetwork (IBN)
