New Silver is offering rewards for qualifying referrals made to the real estate loan provider. You can receive $15 per lead or $750 per loan sale. Find more referral bonuses here.
New Silver is a money lender for real estate investors residing in Connecticut, Massachusetts, New York, New Jersey and Rhode Island. New Silver’s proprietary technology automates and streamlines loan originations, while using data to reduce loan default risk.
Get approved in less than 10 minutes with their easy online application process. Continue reading below to learn more about Quicksilver’s features and the offers they are running.
New Silver Summary
| Loan Types | Hard money loans Fix and flip loans Commercial hard money loans Refinance/cash out loans Bridge loans |
| Property Types | Single family, multi family, apartment, office, mixed use, medical |
| Availability | CT, MA, RI, NJ, NY |
New Silver Referral Bonuses
Earn a $15 cash bonus for every generated lead and a $750 cash bonus for every closed loan sales from your referrals.
- Send you referral link or post it on your social media
- Receive your bonus when someone clicks on your link to complete and application.
- Every time someone submits their details for a real estate loan application, you get $15.
- Every time one of your leads becomes a sale, you get $750.
Read full referral details here. When you’re approved, just log into your account and get your referral link.
New Silver Products
New Silver provides hard money loans –Fix and Flip, Rent, Ground Up and Unsecured Personal loans – to real estate investors in under 10 minutes.
Best for those who renovates, rehabs, and resell properties. There’s no hard credit pull and you can have no. previous fix and flip experience. You get a discount if you’re a repeated borrower.
| Interest Rate | 6.99% to 9.5% |
| Origination Fee | From 1.875% |
| Loan To Project Cost | Up to 90% |
| Construction Financing | Up to 100% |
| Loan to ARV | Up to 80% |
| Term | Up to 24 months |
| Type of Property | Residential 1-4 units, multi-family up to 50 units |
| Maximum Loan Amount | $3,000,000 |
| Minimum Loan Amount | $75,000 |
| Minimum FICO | 600 |
Loans are 30-year fixed for stabilized rental properties. Cash out refinance is available and previous experience is not required.
| Interest Rate | From 4.125% |
| Origination Fee | 3% |
| Loan To Purchase Price | Up to 80% |
| Loan to Value | Up to 80% |
| Minimum DSCR | 1 |
| Term | 30-year fixed rate |
| Type of Property | Residential 1-4 units |
| Maximum Loan Amount | $2,000,000 |
| Minimum Loan Amount | $75,000 |
| Minimum FICO | 680 |
Get a ground up financing for residential builders. There’s no hard credit pull, and they offer discounts for repeat borrowers.
| Interest Rate | 8% to 9.5% |
| Origination Fee | From 1.875% |
| Loan to Cost | Up to 90% |
| Construction Financing | Up to 100% |
| Loan to ARV | Up to 80% |
| Term | 24 months |
| Type of Property | Residential 1-4 units, condos, townhomes |
| Maximum Loan Amount | $3,000,000 |
| Minimum Loan Amount | $100,000 |
| Minimum FICO | 600 |
Unsecured personal loans can be used for home improvement and do not require a hard credit pull. You’ll get instant online pre-approval, and you can compare multiple lenders at once.
| APR | From 5.99% |
| Origination Fee | Varies |
| Collateral Required | No |
| Term | Up to 10 years |
| Type of Property | Residential 1-4 units, condos, townhomes |
| Maximum Loan Amount | $100,000 |
| Minimum Loan Amount | $1,000 |
| Type of Credit | Fair or better |
 |
 |
Conclusion
New Silver is a technology enabled non-bank lender primarily focused on providing financing to the United States based ‘fix and flip” sector, with a concentration on single-family residential and small balance commercial assets.
See other real estate investing alternatives:
