New Silver Review
Founded 2018 · New York, NY · Nationwide
4.0
Editor Rating
New Silver is a technology-first hard money and DSCR lender that emphasizes speed, offering instant term sheets and same-day pre-approvals. A strong option for fix-and-flip investors who need certainty and speed.
Editor's Take
New Silver's speed is their competitive advantage. If you're buying at auction with a 7-day close window, or competing against cash offers and need a fast pre-approval letter, New Silver delivers. Their instant term sheet tool is genuinely useful — you know exactly what you're getting before you submit an offer. Good for experienced investors who value speed and technology.
— Bill Rice, 30+ year mortgage lending veteran
New Silver Review: The Full Breakdown
New Silver is the fintech of the group. It was founded in 2018 in West Hartford, Connecticut by Kirill Bensonoff and Alex Shvayetsky, and it didn't start as a lender at all — it began as software that could value a property as-is and as-renovated and issue preliminary terms almost instantly, then pivoted into doing the lending itself. That software DNA is still the pitch: online pre-approval in minutes, with no hard credit pull to get a conditional number.
It also has a genuinely unusual chapter in its history — in 2021 New Silver completed one of the first securitizations of real-estate loans using blockchain/DeFi infrastructure, partnering with Centrifuge and MakerDAO. It's a small, tech-forward shop rather than a balance-sheet giant; the company reports having closed more than $300 million in loans across roughly 40 states.
For investors, New Silver fits the borrower who values speed and a slick digital process — fast hard money for flips plus DSCR loans for holds. The trade-off is scale and track record: it's younger and leaner than a Kiavi or Lima One. If a fast online quote and quick close matter more to you than working with a large institution, it's worth a look. Verify the final terms before you rely on the instant estimate.
Pros & Cons
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
Loan Products Offered
Eligible Property Types
Best For
Compare New Silver
New Silver Review: Frequently Asked Questions
Is New Silver a legitimate lender?
New Silver is an established lender founded in 2018 and headquartered in New York, NY. It lends nationwide and specializes in hard money loans, fix-and-flip loans, DSCR loans and bridge loans. To verify it for yourself, confirm New Silver's current NMLS registration and state licensing, check its Better Business Bureau (BBB) profile and reviews, and compare written quotes before you apply.
What are the pros and cons of New Silver?
Pros: Instant term sheets — know your terms immediately; Fastest closings in the industry (5 days possible); Same-day pre-approval. Cons: Higher minimum loan ($100K); Newer company — less track record than established players; Limited to 1-4 unit residential for some products.
What credit score do you need for New Silver?
New Silver's published minimum credit score is 650. A higher score generally unlocks better rates and higher leverage. Requirements vary by loan program and are subject to change.
What rates and fees does New Silver charge?
New Silver's rates run approximately 7.5%–13% with origination fees of 1.5–2.5 points, on loans from $100K to $5M (up to 80% LTV). All figures are approximate and subject to change — request a written quote for your scenario.
Can you close with New Silver in an LLC?
Yes. New Silver allows investors to take title in an LLC, which many use for liability protection and cleaner portfolio organization.
How fast can New Silver close a loan?
New Silver typically closes in 5–10 days, depending on the loan program, the property, and how quickly you provide documentation.
Disclaimer: Rates, terms, and requirements shown are approximate and based on publicly available information as of March 2026. Actual terms may vary based on your credit profile, property details, and market conditions. Always verify current terms directly with the lender before making financing decisions. ProInvestorHub provides editorial reviews for educational purposes and does not guarantee loan approval or specific terms.