Richard
smooth ride
smooth ride. alex was diligent and competent. third party support was excellent.
New Silver is a company with a mission -- improve local communities by providing fast, convenient, and flexible capital to real estate investors. We use data and technology to underwrite and originate investment property loans with more efficiency and predictability. Our pricing engine provides instant online loan approval and a term sheet so that our many happy clients are ready to make an offer in as little as 5 minutes.
New Silver (newsilver.com) has 132 customer reviews on Five Star Index, with an average rating of 4.8 out of 5.
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Investments & Wealth · Hartford, Connecticut
Excellent

Investments & Wealth · Fairfield, Connecticut
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Investments & Wealth · Madison, Connecticut
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Investments & Wealth · Greenwich, Connecticut
Excellent
132 approved reviews, newest moderated first
Richard
smooth ride. alex was diligent and competent. third party support was excellent.
Jerry F.
Great experience!! Alex and Barbara were very helpful and easily accessible at each point of my deal. 6 Stars.
Barb
Alex has been fantastic to work with. He goes above and beyond to ensure that we have a great experience. We’re looking forward to continuing the partnership.
Alex M.
Very professional staff, fast, user friendly website and document sharing
Vaughn
Terms changed during process Initial Term sheet stated 10/2 75%cash out Changed to 10.5/2 65%. Even though my appraisal came in above what I presumed. Forced to give an account for auto draft at closing. All aspects to be discussed upfront Too many unpleasant surprises. Felt like I was working with a conventional lender
Response from New SilverJan 3, 2020
Vaughn, thanks for your feedback, however, there are factually incorrect statements here. We discussed the auto ACH requirement upfront, this is a requirement for all of our loans and is the standard practice in the industry. In terms of the LTV, the loan was at 75%, however, the appraisal value was adjusted downwards slightly in underwriting, so the total loan amount was a little bit less then originally anticipated. We apologize you didn't feel delighted with our process, but we had been upfront about all of our terms from the beginning. Hopefully you will have a better experience next time around.
Khuong H.
Funding was done on time. Processing steps are alot faster than other lenders I have used. Have done multiple with no issues with Newsilver. They communicate well and did not cause any double work.
Senesie
The Team is professionally astute, thorough, efficient while fast.
Response from New SilverOct 3, 2019
Thanks for the feedback Senesie, we are here to help.
Kevin Poole / GPA Investments, L.
Good hard money company. New Silver Lending needs 100% financing that way they don't loose developers to other banks that will offer 100% financing to repeated clients. New Silver should learn to roll everything into the deal, so that the developer can do more deals. If the developer has to come out of pocket to close the deal, then, the developer's monthly interest payments should be deferred until the property is sold. This will help to make all developer stay with New Silver for all deals. Because of this, I am negotiating will other lenders who are willing to do this.
Response from New SilverOct 3, 2019
Thanks for the feedback Kevin. We feel our products are strong and competetive, but these are good thoughts and we will take this under advisement, we are always looking to improve our products.