Review Time
My previous lender canceled my loan two and a half weeks into escrow. New silver jumped in and got our purchase done in a week! Great job guys. Will definitely be using again for my next fix-and-flip.
This entire process has been incredibly frustrating. After nearly two months of trying to finalize a loan, it appears it may take even longer. The delays are inexplicable from the loan team, and there is a complete lack of urgency. Communication has been slow and unhelpful, making it difficult for me to explain the situation to the seller's side. Additionally, the loan terms have changed from the original estimates, resulting in higher costs for me. I regret my choice in selecting them for my loan funding (if it ever closes). I strongly suggest seeking other options for funding.
We just closed our 4th new construction loan with New Silver. As always, the process was smooth and efficient with no unexpected bumps along the way. The entire staff and team at New Silver is awesome and a pleasure to work with. Jonathan KormanNest Builders LLC
I have to admit in the start of the process I was a bit skeptical because I tend to be a bit old school wanting to meet with a lender face to face. This was a great experience. The people working on my loan moved fast and understood my situation. The time was not on my side and yet we were able to meet the contract deadline to close on my purchase. I consider this a true miracle thanks to New Silver! I am now a proud owner of my second investment property. Thank you to my new silver team that really did the almost impossible!
This was our first time using a lender to assist us with our house flipping process. Joe was great to work with! He answered all of our questions thoroughly, and was always available when we needed to touch base along the way. The only thing we’d like to mention that could be improved on (for newbies like us), that you are informed at the start of the process what entity can be used (we have a two-tier biz and New Silver will only allow for the umbrella company to be used) (this caused a huge headache with paperwork already set in motion), and more detailed info on how their draw process works (not that big of a deal but worth mentioning). Overall we are very satisfied with New Silver and look forward to working with them again!
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New Silver is a fintech company with a mission to 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.
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