HARTFORD, Conn., Nov. 11, 2019 /PRNewswire-PRWeb/ -- New Silver (https://newsilver.com/), the innovative hard money lender for the real estate economy, formally announced the launch of their new automated loan underwriting model created for modern real estate investors. New Silver is an established lender focused on providing lending services and financial solutions for real estate investors in various states across the U.S. The new automated underwriting model from New Silver will bring value to borrowers by streamlining the loan application process, allowing them to apply for a loan faster and to get preliminary approval for a loan online within minutes. This new automated model is also set to reduce risk by allowing New Silver to use publicly available data to better underwrite real estate loans.
"Modern real estate investors require modern loan solutions. The priority at New Silver is to put the convenience, which is so badly needed, into the loan application, saving borrowers' valuable time. Creating this new software-driven model will help us do what we do best - putting funding into the hands of real estate investors, and helping them build while giving us the ability to select the least risky borrowers and assets out there," 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, bridge loans and cash-out refinance loans.
About New Silver
Founded by partners with expertise in technology and real estate, New Silver is a tech-first non-bank loan originator. New Silver's expertise in marketing and technology gives it an edge in addressing the $70bn per year "fix and flip" real estate-backed lending market, with a focus on single-family residential and small balance commercial investment properties located on the East Coast of the United States. Interested borrowers can visit https://newsilver.com to apply for a loan.
SOURCE New Silver
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