Pablo
GBSome anxiety on my part! I like that I could reach the lending agent directly. I didn’t like that there was confusion around who appraiser should contact. You have a system where documents are to be loaded, but I was still asked for documents that were already uploaded! There was wasted time concerning the appraisal and being asked for documents you already had. Lastly, the closing took place at 2PM, this was known, yet again time was wasted when it took your company forever to approve the close. The process just seems frustrating and it appears left hand doesn’t know what right hand is doing… Update-April 30, 2024: I gave my review some thought, and decided that I was reviewing out of emotion. I want to apologize. After speaking with other investors and this being my first fix/flip loan, I realized that the process with New Silver was actually pretty good. There was some confusion with the appraiser scheduling but all in all everything was solved and the loan cleared in a very quick timeline… Thanks to James, who took the time to guide me through!
Lambert
GBGreat experience with NS James was wonderful in helping me navigate the loan progress. He made the whole progress seamless. I definitely appreciate the promptness of responses to my questions during the process. Thank you!
Bozena
GBBravo once again to Alex and his team Bravo once again to Alex and his team! This is my 5th experience with this team and 5 stars rating on my part. They were able to term my file around within 1 week and terms ready in 30 min. You can always rely on excellent communication, fast service and stable terms from the beginning. They also think for a change and try to accommodate you with your interests in mind. Bravo!
Kevin Poole / GPA Investments, LLC.
GBGood hard money company but needs 100% financing terms or deferred interest payment terms. Good hard money company. New Silver Lending needs 100% financing that way they don't loose developers to other banks that will offer 100% financing to repeated clients. New Silver should learn to roll everything into the deal, so that the developer can do more deals. If the developer has to come out of pocket to close the deal, then, the developer's monthly interest payments should be deferred until the property is sold. This will help to make all developer stay with New Silver for all deals. Because of this, I am negotiating will other lenders who are willing to do this.
Kirk Peffers
GBJoe Desalvo was super helpful and… Joe Desalvo was super helpful and amazing to work with throughout my loan process. His communication and response time made the process so smooth. Joe and Amra are wonderful and did an excellent job closing this deal quick and easy. I am excited to work with them! Thank you