They make the impossible, possible.
HARTFORD, Conn. (PRWEB)
November 18, 2019
New Silver (https://newsilver.com/), the data-driven hard money lender for the real estate economy, has successfully completed a $2.6 million refinance of a 50 unit commercial apartment complex in New Britain, CT. New Silver is an established lender providing tech-focused financial solutions to real estate investors. This commercial loan represents a foray into a slightly different space for New Silver, which typically works with residential properties and fix and flip projects.
“While residential properties are typically our forte, the team at New Silver is excited to be venturing into the small-balance commercial space, funding loans of up to $5 million. Our plan going forward is to approach the commercial property sector and offer borrowers the same benefits that our residential market borrowers have come to depend on,” said Alex Shvayetsky, partner, New Silver.
New Silver offers fast closing and terms up to 24 months for real estate entrepreneurs, and have a variety of loan products available, including ground-up construction, fix and flip loans, fix and rent loans and cash-out refinance loans. These services are available to borrowers located in Connecticut, Massachusetts, Rhode Island, New York, Florida and New…