New Silver vs Groundfloor
New Silver is faster and accepts higher loan amounts; Groundfloor has no prepayment penalties and a lower credit floor (600). Groundfloor's crowdfunding model is unique.
Shared products: Fix & Flip, Hard Money · Updated March 2026
4.0
New Silver
Wins 4 categories
3.8
Groundfloor
Wins 1 categories
Full Comparison
| Feature | New Silver | Groundfloor |
|---|---|---|
| Interest Rates | 7.5%–13% | 7.5%–14% |
| Max LTV | 80%Better | 75% |
| Min Credit Score | 650 | 600Better |
| Loan Range | $100K–$5M | $75K–$1M |
| Origination Fee | 1.5–2.5 points | 2–4 points |
| Speed to Close | 5–10 days | 14–21 days |
| Experience Required | No experience required | No experience required |
| LLC Borrowing | Yes | Yes |
| Interest-Only | Available | Available |
| Prepayment Penalty | None (flip) / 3-year (DSCR) | None |
| Foreign National | No | No |
| Coverage | Nationwide | Regional |
| Property Types | SFR (1-4), Condo, Townhouse, Multifamily (5+)Better | SFR (1-4), Condo, Townhouse |
| Loan Products | 4 productsBetter | 2 products |
| Founded | 2019 | 2013 |
| Editor Rating | 4.0 / 5.0Better | 3.8 / 5.0 |
Pros & Cons
New Silver
Pros
- +Instant term sheets — know your terms immediately
- +Fastest closings in the industry (5 days possible)
- +Same-day pre-approval
- +Modern tech platform with easy draw requests
- +Competitive rates for hard money
Cons
- –Higher minimum loan ($100K)
- –Newer company — less track record than established players
- –Limited to 1-4 unit residential for some products
Groundfloor
Pros
- +No prepayment penalties — sell early without penalty
- +Works with first-time flippers
- +Low minimum credit score (600)
- +Transparent pricing and terms
- +Lower minimum loan amount
Cons
- –Not available in all states
- –Higher origination fees (2–4 points)
- –Max loan amount lower than competitors ($1M)
- –Crowdfunding model can mean variable availability
Frequently Asked Questions
Is New Silver or Groundfloor better for real estate investors?
New Silver is faster and accepts higher loan amounts; Groundfloor has no prepayment penalties and a lower credit floor (600). Groundfloor's crowdfunding model is unique.
What loan types do New Silver and Groundfloor both offer?
Both lenders offer Fix & Flip, Hard Money. New Silver offers 4 total products vs Groundfloor's 2.
Which has lower rates, New Silver or Groundfloor?
New Silver advertises rates starting at 7.5% while Groundfloor starts at 7.5%. Both have the same starting rate, but actual rates depend on your credit score, LTV, property type, and loan product. Always get quotes from both lenders.
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