Address: 255 Cypress St, Brookline, MA 02445, USA
Phone: +18558445626
Sunday: Open 24 hours
Monday: Open 24 hours
Tuesday: Open 24 hours
Wednesday: Open 24 hours
Thursday: Open 24 hours
Friday: Open 24 hours
Saturday: Open 24 hours
Ryan Jackson
Great company to work with as a first time flipping investor. They worked with me through the processes. They are easy to contact if I have any questions and they respond quickly. I look forward to doing more flip with them.
Norman Simon
New Silver is quick to respond and easy to work with. They are a good partner for your projects!
Diego Gonzalez
I found New Silver through a google search and had great reviews so I figured I’ll leave mine also for future investors looking to do business with them. I have nothing but good things to say about New Silver, James was my loan officer and he definitely delivered what he promised from the first call. I could’ve closed my deal in less than 20 days if it wasn’t for the seller taking so long to clear tittle. Very simple process overall and less hassle than traditional banks, I’d definitely recommend them. Thank you James and team
Marie Blue
Very professional team that strives to meet your investment needs, I will use them continually!
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New Silver’s Fix and Flip loan rates range from 6.99-9.5%, Ground Up rates range from 6.99-9.5%, and Personal loans start in the 5% range.
New Silver is a direct non-bank lender and offers asset-backed loans for fix and flip, ground up construction and rental investment property. We can work with residential properties ranging from 1 to 50 units.
The primary requirement is a FICO score of 600 or more. You also need to have the details of the property that you are intending to purchase, regardless of whether it is a fix & flip, or a rental property.
With a hard money loan, your monthly repayment only covers the interest portion of the loan, which helps keep costs down while the project is underway. However, at the end of the loan, you pay back 100% of the capital amount that was borrowed.
A hard money loan is a short-term loan that can be used to purchase fix and flip properties. In addition, there are also long-term hard money loans that are designed specifically for purchasing rental properties.
Yes we do ground up financing. We can fund people with no experience but the costs are higher and leverage is lower. You would need an LLC. I encourage you to get pre-qualified instantly on our website https://getfunded.newsilver.com/
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