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| Alex Shvayetsky |
HARTFORD, CT (PRWEB) --
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," said Alex Shvayetsky, partner, New Silver.
"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.”
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
Jersey. Catering to both single and multi-family residential properties as well
as small balance commercial properties, New Silver can help entrepreneurs fund
their next real estate project quickly.
New Silver has a track record of working with
clients like Property Manage CT, whose Principal Corey Kosiensky shared this
testimonial:
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| Corey Kosiensky |
“As a seasoned investor, I have worked with
dozens of lenders. I have done a few deals with New Silver in the past year.
They truly have programs for everything.
"I have done a buy fix and flip in
Southington, CT. I buy and hold a second beach home in Clinton, CT. A
commercial property to buy and rent in Meriden, CT. A 7 figure cash-out
refinance of a 50 unit complex to bridge rehabbing and partnership buyouts.
"The
process is high tech in regards to being able to go online to get POF letters
and work through underwriting electronically. The customer service is great
with Alex and Guy constantly communicating and pushing the deals along.
"My net
worth has gone up over $1.5 million on deals that I have done."
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