New Silver Review 2026: Fix-and-Flip & DSCR Loans
New Silver is a tech-driven real estate lender built for investors who care about two things traditional lenders are not famous for: speed and a process that understands investment-property math. Its core products include short-term fix-and-flip financing and 30-year rental loans underwritten primarily around property cash flow rather than the borrower's W-2 income.
Verdict: New Silver belongs on the shortlist for residential investors who value fast preliminary terms, competitive leverage and a digital process. It is less compelling when the cheapest possible cost of capital matters more than speed, or when the property falls outside its business-purpose residential programs.
New Silver Review 2026: At a Glance
Category | What New Silver Currently Offers |
|---|---|
Best for | Fix-and-flip and rental investors prioritizing speed and a digital process |
Not ideal for | Owner-occupied borrowers, lowest-cost conventional financing, or deals outside New Silver's property box |
Fix-and-flip loan size | $100,000 to $5 million |
Fix-and-flip pricing | Published rates roughly 8.5% to 11%; origination commonly 1% to 1.75% |
Fix-and-flip leverage | Up to 90% LTC, 75% ARV, and up to 100% of qualifying construction costs |
Fix-and-flip term | Up to 18 months; generally interest-only |
Fix-and-flip credit | Published minimum FICO around 650; tighter standards for some first-time borrowers |
Rental / DSCR loan size | $150,000 to $3 million |
Rental leverage | Current Help Center guidance: up to 80% LTV; verify your actual term sheet |
Rental term | 30-year fixed options for qualifying investment properties |
Rental credit | Published minimum FICO around 660 |
Speed | Instant preliminary terms; about 5 days advertised for ready fix-and-flip files and roughly 14–21 days for rental loans |
Initial credit pull | New Silver states preliminary terms can be issued without a hard credit pull |
What Is New Silver?
New Silver is a licensed direct lender founded in 2018 by Kirill Bensonoff and Alex Shvayetsky. The company focuses on business-purpose, non-owner-occupied real estate financing for investors rather than traditional consumer mortgages. Its current product lineup includes fix-and-flip, ground-up construction, bridge, commercial real estate and DSCR rental financing.
The practical difference is the workflow. New Silver is designed to evaluate an investment deal, property value, rehab plan and rental cash flow quickly. That makes it more relevant to an investor trying to win a property than to a homeowner comparing 30-year conventional mortgage coupons.
How New Silver's Fix-and-Flip Loan Works
For current fix-and-flip borrowers, New Silver advertises loan amounts from about $100,000 to $5 million, rates around 8.5% to 11%, origination fees around 1% to 1.75%, up to 90% loan-to-cost, up to 75% of after-repair value, and up to 100% of qualifying construction costs. Terms can extend to 18 months and are generally interest-only.
If you are comparing the mechanics of the product before comparing lenders, start with our fix-and-flip financing guide. The important point is that the lender is not simply looking at the purchase price. It is looking at cost basis, rehab budget, projected value and your ability to execute the project.
LTC vs. ARV: The Lower Cap Controls
Assume you buy a property for $200,000 and budget $50,000 for rehab. Your total project cost is $250,000. At 90% LTC, the theoretical cap is $225,000. If the finished property is expected to be worth $290,000, a 75% ARV cap equals $217,500. In that example, the ARV limit is lower, so it controls the maximum loan before other underwriting adjustments.
Translation: advertised leverage is not a promise that you will receive every advertised percentage simultaneously. If your ARV is fantasy, your rehab budget was assembled after three beers and a Zillow scroll, or the property does not support the numbers, the leverage gets cut.
Can First-Time Flippers Use New Silver?
Potentially. New Silver has published a zero-experience pathway for some new-purchase borrowers. That program generally requires stronger credit — around a 700 FICO — and a narrower loan-size range of roughly $200,000 to $950,000. Refinance transactions may require at least one completed project within the prior 36 months.
How Fast Is New Silver?
Speed is one of New Silver's main selling points. The lender promotes instant proof of funds and instant preliminary term sheets, and it advertises fix-and-flip closings in roughly five days when a file is ready. Its rental loans generally take longer, with published timelines around 14 to 21 days.
The distinction matters: a five-minute term sheet is not a guaranteed five-day closing. Title issues, insurance, valuation, entity documents, rehab scope, borrower responsiveness and third-party closing requirements can all slow a file. A loan that closes fast does not fix a deal that should never have closed.
How New Silver's DSCR Loan Works
New Silver's rental product is designed for investors who want longer-term financing based primarily on the property's cash flow. Current published parameters include roughly $150,000 to $3 million in loan size, one-to-eight-unit residential properties, up to 80% LTV in current Help Center guidance, a minimum FICO around 660, purchase and refinance options, cash-out capability, short-term-rental eligibility and 30-year fixed-rate structures.
If DSCR underwriting is new to you, our DSCR loan guide for rental portfolios explains the cash-flow qualification mechanics in more detail.
DSCR Loans for Rental Portfolios
Why DSCR Loans Are the Secret Weapon for Scaling Rental Portfolios
DSCR Example
If a rental produces $3,000 of qualifying monthly rent and the lender calculates $2,500 of monthly housing debt service, the DSCR is 1.20. A ratio above 1.00 means the property produces more qualifying rent than the debt service used in the calculation. Lower ratios can still be financeable with some lenders, but they often change leverage, pricing or reserve requirements.
One Thing We Would Verify Before Signing: New Silver's Public DSCR Guidelines Are Not Perfectly Synchronized
This is the biggest item we would verify directly on the term sheet. New Silver's 2026 Help Center guidance has published a minimum DSCR of 0.75 and up to 80% LTV. A current DSCR marketing page has promoted no minimum DSCR, while other New Silver landing pages have advertised rental leverage as high as 85% LTV.
That does not automatically mean anything is wrong; lender guidelines change and marketing pages do not always update on the same schedule. It does mean you should underwrite your deal using the actual written term sheet and closing conditions, not the most aggressive headline you found online.
What Fees Does New Silver Charge?
Do not compare private lenders on rate alone. The all-in cost can include origination, underwriting, legal, title review, prepaid interest, recording charges, title insurance, transfer taxes, escrows and third-party closing costs. New Silver's published fix-and-flip examples have included lender-related items such as a $1,000 underwriting fee, roughly $1,350 in legal costs and about $500 for title and insurance review, in addition to origination.
Origination: commonly around 1% to 1.75% for the advertised fix-and-flip range.
Underwriting and legal: can add meaningful fixed costs, especially on smaller loans.
Prepaid interest and closing costs: vary by closing date, property and jurisdiction.
Rental loans: may include origination, processing, escrow, taxes, insurance and title-related costs.
If you are comparing a private bridge loan against a bank option, our hard money vs. bank loans for flippers breakdown shows why the cheapest rate can still be the more expensive capital when timing kills the deal.
Where Does New Silver Lend?
New Silver has broad U.S. coverage, but it is not a universal 50-state, every-product lender. Product availability can differ by state. Louisiana, Oregon and Vermont have had partial availability where rental or DSCR financing may be available while fix-and-flip or ground-up products are restricted. Verify the current state and product matrix before underwriting a deal around a specific loan program.
Is New Silver Legit?
Yes. New Silver is a licensed direct lender with NMLS Company ID 2154545 and has operated since 2018. At the time of this review, Trustpilot showed a 4.7 out of 5 rating across 151 reviews. Recent positive reviews frequently mentioned responsiveness and speed, while individual negative or mixed reviews raised concerns about communication and fee disclosure near closing.
The Better Business Bureau also has a profile for New Silver. At the time reviewed, the profile showed no BBB rating because there was not enough information to issue one, and the company was not BBB accredited. That is not the same thing as a negative BBB rating.
New Silver Pros and Cons
Pros
Fast online process with instant preliminary terms and proof-of-funds tools.
Strong fix-and-flip leverage for qualifying deals: up to 90% LTC and 75% ARV.
Can finance up to 100% of qualifying rehab costs within overall leverage limits.
DSCR rental financing gives investors a long-term option without conventional income underwriting.
First-time flipper pathway exists for qualifying borrowers.
No hard credit pull required for the initial preliminary-term process, according to New Silver.
Cons
Private-lender pricing is materially more expensive than conventional mortgage or bank debt.
Fees beyond the interest rate can materially affect smaller or thinner-margin deals.
Public DSCR and LTV guidance is not perfectly synchronized across New Silver pages.
Product availability varies by state and property type.
Fast preliminary terms do not eliminate title, valuation, insurance or closing friction.
Highly leveraged deals leave less room for rehab overruns, delayed exits or an optimistic ARV.
New Silver vs. Kiavi vs. Other Investment Property Lenders
New Silver is not operating in a vacuum. Investors should compare it against other private and DSCR lenders using the deal in front of them, not a generic lender ranking. Our Kiavi review is the closest direct comparison for many fix-and-flip borrowers.
Lender | Best Fit | Speed / Structure | Leverage Snapshot | Watch For |
|---|---|---|---|---|
New Silver | Fix-and-flip investors who also want a DSCR rental option | Instant preliminary terms; ~5-day advertised flip close; ~14–21 days rental | Up to 90% LTC / 75% ARV on qualifying flips; current Help Center rental guidance up to 80% LTV | Fee stack and public DSCR/LTV guideline differences |
Kiavi | Bridge and fix-and-flip borrowers seeking strong leverage | Distilled Funding's current review notes closings in as few as 7 business days | Qualifying bridge loans can reach up to 100% of purchase price and 80% ARV | Compare actual pricing, draws, leverage and closing certainty |
Visio Lending | Rental investors focused on DSCR-style long-term financing | Long-term rental specialization; timing varies by file | Use the current quote and property-level underwriting | Not primarily a fast flip/rehab lender |
Lima One Capital | Investors who want a broader menu of residential investor products | Multiple investor loan programs; timing varies by product | Leverage depends on product, property and borrower profile | Broader product menu can mean more program-specific conditions |
Who Is New Silver Best For?
Experienced or well-prepared fix-and-flip investors who need a fast, business-purpose lender.
First-time flippers with strong credit who fit New Silver's tighter zero-experience parameters.
Rental investors who want a 30-year DSCR structure instead of conventional personal-income qualification.
Investors who value a digital application, fast preliminary terms and proof-of-funds capability.
Borrowers with enough deal margin to absorb private-lender interest, fees and execution risk.
If you want to compare New Silver with other capital sources rather than choose a lender first, use the Real Estate Funding Marketplace to review additional financing paths.
Who Should Look Elsewhere?
Owner-occupants or borrowers seeking consumer mortgage financing.
Investors whose top priority is the lowest possible rate rather than speed or certainty.
Deals with thin profit margins that cannot tolerate private-lender interest, points and closing costs.
Properties or states outside New Silver's current product matrix.
Borrowers whose rehab budget, ARV assumptions or liquidity are too aggressive for the risk in the deal.
What to Prepare Before Applying
Purchase price and contract: the lender needs the actual acquisition economics.
Current property value and projected ARV: support the numbers with realistic comps.
Detailed rehab budget: scope, line items and timing matter.
Experience history: completed projects can affect leverage and pricing.
Credit and liquidity: higher leverage does not eliminate borrower-strength requirements.
For rentals, monthly rent and debt service: these inputs drive the DSCR calculation.
Entity and closing documents: have your LLC, insurance, title and banking information ready to keep a fast file fast.
Final Verdict: Is New Silver Worth Considering in 2026?
Yes — for the right investor and the right deal. New Silver's strongest case is not that it is the cheapest lender. It is that it combines meaningful leverage, a modern digital workflow, fast preliminary terms and two useful investor products under one roof: short-term fix-and-flip capital and longer-term DSCR rental financing.
The tradeoff is the normal private-lending tradeoff: speed and flexibility cost money. Review the entire fee stack, confirm the current DSCR and LTV rules on your written term sheet, and stress-test the deal for rehab overruns and a slower exit before you borrow.
Want a quick next step before you commit? You can also review our personalized funding quote guide to understand what information matters when comparing financing options.
Frequently Asked Questions
Is New Silver a hard money lender?
New Silver operates in the private, business-purpose real estate lending market and offers short-term fix-and-flip financing that functions like modern hard money, plus longer-term DSCR rental loans. The underwriting is built around investor properties rather than owner-occupied consumer mortgages.
What credit score does New Silver require?
New Silver currently publishes a minimum FICO around 650 for standard fix-and-flip loans and around 660 for rental or DSCR loans. First-time flippers using its zero-experience program may face a higher minimum around 700. Final requirements can vary by property, leverage, experience, and loan structure.
How fast can New Silver close a fix-and-flip loan?
New Silver advertises instant preliminary terms and fix-and-flip closings in roughly five days when the borrower, property, title work, appraisal or valuation, insurance, and closing package are ready. An instant term sheet is not the same thing as a guaranteed five-day closing.
What DSCR does New Silver require?
New Silver's public materials are not perfectly synchronized. A 2026 Help Center guideline has cited a minimum DSCR of 0.75, while a current marketing page has promoted no minimum DSCR. Treat your actual term sheet and underwriting conditions as controlling.
Does New Silver finance rehab costs?
For qualifying fix-and-flip transactions, New Silver advertises financing of up to 100% of eligible construction or renovation costs, subject to overall loan-to-cost and after-repair-value limits. The lower leverage cap can still reduce the final loan amount.
Can a first-time flipper qualify with New Silver?
Yes, New Silver has published a path for some first-time flippers. A new purchase may qualify without prior completed projects, but the zero-experience program generally uses tighter credit and loan-size parameters. Refinance scenarios may require prior experience.
Does applying with New Silver hurt your credit?
New Silver states that its initial application process can provide preliminary terms without a hard credit pull. Borrowers should still review the final authorization and closing process because later-stage underwriting requirements can differ.
Is New Silver better than Kiavi?
Neither lender is automatically better for every deal. New Silver stands out for a fast digital process and a combined fix-and-flip plus DSCR offering. Kiavi can be attractive for bridge borrowers seeking higher qualifying purchase-price and ARV leverage. Compare the actual term sheets, fees, draw process, recourse, and closing certainty for your property.
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