We anticipate 2020 to be an even busier year as we evolve to meet the demands of our real estate entrepreneur and investor base.
WEST HARTFORD, Conn. (PRWEB) January 27, 2020
New Silver (https://newsilver.com/), the data-driven hard money lender for the real estate economy, is commemorating a momentous 2019 and first year of business marked by new achievements and exciting developments. New Silver is an established lender providing tech-focused financial solutions to real estate investors located on the East Coast of the United States.
“This year was one of growth for New Silver, both financially and in the innovative offerings we built for real estate entrepreneurs,” stated Chief Product Officer Kirill Bensonoff. “New Silver reached a goal of originating over $25 million in loans in our first (partial) year of operations. We anticipate 2020 to be an even busier year as we evolve to meet the demands of our real estate entrepreneur and investor base. We are looking to further expand geographic footprint and roll out technical innovations to enable more of our borrowers to get approved online instantly, and close loans even faster, while driving down costs.”
During the course of 2019, New Silver expanded the availability of its loan products across six states; Connecticut, Massachusetts, Rhode Island, New Jersey, New York, and Florida. This expansion brought about the additions of a new ‘Ground-Up’ construction product and the development of the highly-anticipated New Silver automated underwriting software. 2019 also marked the company’s first foray into the small-balance commercial space with the successful funding of a $2.6 million refinance of a 50 unit commercial apartment complex in New Britain, CT.
Catering to both single and multi-family residential as well as small balance commercial properties, New Silver offers instant online approval and fast closing. In 2020, the company aims to be at the forefront of real estate funding innovation and continue to pursue the development of new technology and ways to diversify within the industry.
New Silver has a demonstrated track record of working with clients like Vanessa M., who shared this testimonial:
“Alex was a pleasure to work with. Very prompt in communication and made the process quick and easy. Would use them for future lending without question.”
In 2020, New Silver will roll out new products and services as it continuously gathers insights from customers on what their needs are to more efficiently achieve real estate deals and secure properties. The firm offers expert insights and tips for real estate entrepreneurs on their blog, The Lender (https://newsilver.com/the-lender/). Kirill Bensonoff also offers those new to real estate investing an instructional guide in his recently published book Achieving Wealth Through Real Estate: A Definitive Guide To Controlling Your Own Financial Destiny Through a Successful Real Estate Business, now available on Amazon by visiting https://amzn.to/3aIIDgM.
About New Silver
New Silver is a tech-first non-bank loan originator, with a vision of making the private lending process easy for the borrower. New Silver’s technology allows borrowers to get approved for a loan online, in under 10 minutes, and close within 7 days. Technology and strong customer relationships give New Silver an edge in addressing the $70 billion per year "fix and flip" real estate-backed lending space, with a focus on single-family residential and small balance commercial investment properties located on the East Coast of the United States. More info at https://newsilver.com.