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US / MA / Boston
New Silver photo
New Silver photo
New Silver photo
New Silver photo
New Silver photo

New Silver

4.1 30 reviews
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Address: 255 Cypress St, Brookline, MA 02445, USA Get Directions
Best Payday Loan Organizations in Boston Best Payday Loan Organizations in US Best Payday Loan Organizations in MA TOP Flex Loan Companies in Boston TOP Flex Loan Companies in US TOP Flex Loan Companies in MA

Services & pricing

Average price range
ServiceDetailsPrice
Hard Money Lending Fix and Flip Loans 10,000 - 500,000 USD Call to Book
Cash-Out Refinance 10,000 - 500,000 USD Call to Book
Bridge Loans 10,000 - 500,000 USD Call to Book

What people love

From reviews
Responsive team Quick closing Easy application process Efficient system Professional staff Streamlined process Great communication Fast responses Supportive team Term sheet provided quickly

About this business

New Silver: Building for Real Estate Entrepreneurs Real estate investors can get loans from us - we fund fix and flips, rent the land out, or build from the ground up. We can also help you get an unsecured personal loan. Instant online approval, fast close, guaranteed. Our tech-based company powers entrepreneurial growth Our mission is to provide real estate investors with quick, easy capital and improve their experience from property hunting to selling. Founded by Kirill Bensonoff, Alex Shvayetsky and Alex Shvayetsky in 2019, New Silver is the product of their collective entrepreneurship and disruptive technology experience. Kirill has a successful entrepreneurial history. As a result of his experience, he has been able to build the foundation of New Silver. Alex Shvayetsky, on the other hand, has over 30 years of real estate investment experience. Alex's experience in real estate and investments makes him the perfect person to lead New Silver. They started with a goal to empower real estate investors to access quick and easy capital. New Silver's online loan pricing engine lets clients make offers in minutes. Clients get instant approval and term sheets and proof of funds. New Silver took tech and decentralized finance to a new level. They were the first real asset ever voted into MakerDAO, the top-3 stablecoin protocol. MakerDAO is now New Silver.

Reviews Summary

Clients have a high regard for New Silver. The firm's process works seamlessly, and all their requirements are available online. James is praised for his work. He and his colleagues do an outstanding job. The team communicates every step and is always responsive. They consistently deliver as promised, closing fast and being available all the time. The team maintains professionalism and efficiency in the transactions. Some reviewers also share that they will work with the company again. The financial services provided by New Silver go beyond hard money loans. The firm continuously comes up with new products and updates its operational settings. A look at their website reveals real-time data not available with other hard money lenders. The platform itself is encouraging and a plus for many investors. Closing is simplified with an online application, which is quick, and a term sheet is available almost immediately. Being the best hard money provider requires professionalism and a good approach and a brilliant guy, and providing a fast yet successful story speaks for itself. We're happy to work with you again!

Frequently asked questions

7 questions
What do New Silver clients say about the work?
Clients frequently praise the team for their professionalism, responsiveness, and fast closing times. Reviewers highlight the smooth application process and exceptional support from staff like James and Amra, making it a preferred choice for real estate investors.
Does New Silver provide hard money lending services, and what types do they offer?
Yes, New Silver specializes in hard money lending, offering Fix and Flip Loans, Cash-Out Refinance, and Bridge Loans. Their streamlined process and quick funding are frequently noted by clients as significant advantages.
Can I get assistance with my loan application at New Silver?
Absolutely! New Silver offers application processing services, including Loan Application Assistance, Document Review Services, and Pre-Approval Services, ensuring a smooth experience for clients seeking funding.
How does New Silver handle property appraisals?
They provide comprehensive appraisal services, including Property Appraisal, Market Value Assessment, and Comparative Market Analysis, which are essential for real estate investors looking to make informed decisions.
Who founded New Silver and what experience do they bring?
New Silver was founded in 2019 by Kirill Bensonoff, Alex Shvayetsky, and Alex Shvayetsky. Kirill has a background in entrepreneurship and disruptive technology, while Alex brings over 30 years of real estate and investment experience.
What should I expect from the loan closing process with New Silver?
Clients report a very streamlined loan closing process, often noting quick turnaround times and excellent communication throughout. Many have successfully closed loans in under 20 days, thanks to the team's efficiency.
Where is New Silver located?
255 Cypress St, Brookline, MA 02445, USA

Location & directions

Boston, Massachusetts
New Silver
Payday Loans
Address
255 Cypress St, Brookline, MA 02445, USA
Hours
Open 00:00 - 23:59
Get Directions
New Silver Reviews · 4.1 average
1 Reviews
G Google 29
M
Mckee
on Trustanalytica
Fix negative reputation Fix negative reputation
I was attempting to close a loan with New Silver for approx. $120k ($45k down). I applied for the loan, and was approved at a rate and fee, as well as term of loan. I communicated with lender if I missed closing, I stood to lose my earnest money. My representative made multiple errors, including terms of loan, prepayment penalty, % of concessions from seller allowed and the loan rate. I communicated this to management and they would not help at all. Additionally, the lender they worked with required a certain appraisal and for me to spend $600 to register to do business in State of MS. After being late on closing by several weeks, and with a 1.5% interest rate higher than approved for (another error of lending company), I then lost 1% of seller concession because this lender would not allow more than 2% - even though I asked prior to signing the real estate contract and lender told me 3% was allowed. The appraisal they used was the wrong type and as such, lender would not clear it. I ended up taking a hard money loan from another company and closed with no issues in 4 days. In the end, because of the errors of New Silver, I lost $1,250 in fees as well as several hundred dollars in being late to close by nearly a month. Lastly, I had to pay $5,000 in origination fees with the other lender to close immediately. This is gross negligence and New Silver should not be allowed to lend money period. I plan to pursue this legally or as far as I need to take it to get reimbursed for my fees and ensure other buyers are not harmed the way I was. In over 25 real estate transactions, I have NEVER had such a poor experience. New Silver is the WORST.

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