New Silver Expands into Commercial Real Estate Lending with New Small-Balance Loan Program
New Silver's launch of a small-balance commercial real estate loan program provides experienced investors with expanded financing options for multifamily, retail, and industrial properties, potentially increasing liquidity in underserved market segments.
New Silver, a Connecticut-based fintech lending platform, has launched a small-balance commercial real estate loan program targeting experienced real estate investors. The new program offers short-term financing ranging from $2 million to $15 million with terms of 12 to 24 months, expanding the company's services beyond residential real estate lending. This initiative provides up to 70% loan-to-after-repair-value (LTARV) and up to 80% loan-to-cost (LTC) ratios for qualified borrowers.
The program specifically targets multifamily, mixed-use, retail, and industrial properties, addressing a segment of the commercial real estate market that often faces financing challenges. To qualify, investors must demonstrate at least two years of experience and completion of five real estate projects, positioning the program toward seasoned professionals rather than novice investors. The financing options include purchase loans, purchase-with-rehabilitation loans, and refinancing solutions.
This expansion into commercial real estate lending represents New Silver's strategic move to become a nationwide capital partner for experienced investors. The company, which describes its approach as Financing Outside The Box, utilizes data and technology to provide fast approvals while maintaining what it calls high-touch customer service throughout the lending process. The program's launch comes as the commercial real estate market continues to evolve post-pandemic, with increasing demand for flexible financing options in the small-balance segment.
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