New Silver, a private lender located in Connecticut that specializes in providing lending to real estate investors, is a major success story. From their recent founding and work in the New England area to their growth across the country to provide lending in a number of states.
Founded in 2018, New Silver's founding fathers include managing partners Alex Shvayetsky and Kirill Bensonoff. Shvayetsky has a proven track record of more than 25 years working in the real estate sector with a focus on real estate management, property development, and investment. Bensonoff is a tech entrepreneur that has founded and successfully exited companies in enterprise IT and fintech.
Right from its early founding, New Silver wasted no time providing innovative financial services to real estate investors and entrepreneurs. Success came quickly, leading this fintech company to take on bigger and more ambitious projects, with the most recent being the financing of a 50-unit commercial apartment complex in Connecticut to the tune of $2.6 million. This is in addition to its earlier successes in both the residential and commercial markets, where it has aided entrepreneurs in the purchase, refurbishment, and then flipping of a number of properties.
New Silver takes a novel and thoroughly modern approach to real estate finance. New Silver enables its’ borrowers to gain access to the working capital they need through a streamlined and hassle-free process that can provide borrowers conditional approval on financing in 10 minutes or less. In addition, New Silver’s tech-first approach helps the company to reduce risk by looking closer at the underlying data.
This is just one of many examples of how New Silver has differentiated itself from the pack when it comes to your typical real estate lending facilitator. With a displayed commitment to staying as current as possible when it comes to the newest developments in the financial tech sector, New Silver's dedicated staff keep a close eye on the industry. As a result, it's likely to find New Silver represented at a number of conferences throughout the year in an effort to better serve borrowers to the excellent standard to which they have been accustomed.
The real estate lending industry is a crowded one. There are a number of lenders that an entrepreneur can approach, and New Silver knows this -- that's why the company is committed to differentiating themselves through providing exemplary customer service. You won't find the company referring to itself as a "great lender', as Shvayetsky and Bensonoff are refreshingly humble when it comes to their accomplishments, but the primary driver for these managing partners is to have a laser-like focus when interacting with borrowers, lending partners, and even internal staff.
It's all about personal attention and clear communication with New Silver. As a customer service strategy it's been a clear winner, as staff say it's been an overwhelmingly effective method for learning what people need and how to then deliver on that need. The tactic dovetails with the other drive behind New Silver, which is to aid in the success of real estate entrepreneurs. Borrowers that partner with the company gain the benefits of New Silver's attention to detail and its eagerness to embrace technological developments, such as data-gathering APIs, in order to make personalized lending more accessible.
New Silver might have gotten its start in the Northeast of the United States, but this lender is expanding quickly, and its’ products are now available to real estate investors in CT, RI, MA, NY, NJ and FL, with more to come. Thanks to its innovative approach and already proven track record, it's quite clear New Silver bears watching for future success.