New Silver closes $300M in development loans, launches small‑balance commercial loan program

West Hartford, Connecticut, October 6, 2025

News Summary

New Silver, a Connecticut‑based fintech lender, reported closing more than $300 million in development loans across 40 states and introduced a small‑balance commercial real‑estate loan product aimed at experienced investors. The new program targets multifamily, mixed‑use, retail and industrial assets with short‑term, fast‑approval financing intended to fill common funding gaps for renovation, stabilization and small developments. With roughly 30 employees and a technology‑driven approach, the firm emphasizes speed, flexibility and customer support across the loan lifecycle. The product aims to broaden the company’s reach into commercial lending and help local builders and developers move projects forward more quickly.

New Silver rolls out small‑balance commercial loan program after $300M+ lending milestone

A Connecticut‑based lending platform has expanded into small‑balance commercial real‑estate lending after announcing it has closed more than $300 million in development loans across 40 states. The move comes as the company reported rapid revenue growth and introduced a program aimed at shorter‑term commercial projects in multiple asset classes.

Top line: new product and scale

The new program targets experienced real‑estate investors looking for short‑term, flexible capital for multifamily, mixed‑use, retail and industrial properties. The company positions the product to offer speed, flexibility and competitive terms, with underwriting and execution built to move quickly while maintaining hands‑on service.

Alongside the program launch, the lender reported closing more than $300 million in development loans across forty states and disclosed a rapid revenue increase that placed it on a national list of fastest‑growing companies with reported growth of 335% year over year.

Why this matters for construction and smaller commercial projects

The small‑balance program addresses a sector commonly described as underserved by traditional commercial lenders. Projects that fall below conventional commercial minimums often struggle to find timely funding, delaying renovation, redevelopment or small new construction projects. By offering quicker turnarounds and tailored short‑term structures, the new product aims to accelerate deals that support local job creation and property revitalization.

Program design and target borrowers

The offering is designed for seasoned investors and operators who need capital for acquisition, renovation or light construction tied to income‑producing properties. Typical uses cited for such programs include repositioning older housing stock into multifamily assets, converting or upgrading mixed‑use buildings, outfitting retail spaces for new tenants and small industrial improvements.

Key features highlighted for borrowers include streamlined underwriting supported by technology and data, short‑term financing horizons meant to bridge projects to stabilization or longer‑term financing, and an emphasis on certainty of execution to keep construction timelines on track.

Company profile and operational claims

The firm is headquartered in West Hartford, Connecticut and lists a small, growing staff consistent with an agile fintech lending platform. Its public messaging stresses the use of data and automated systems to speed approvals while preserving a high level of direct customer service. Leadership frames the approach as expanding beyond single‑family and renovation loans into the broader investor market.

Industry context and related trends

The shift toward faster, tech‑enabled lending follows broader industry moves that emphasize digital workflows and integrated services. One regional mortgage firm’s recent experience shows how rapid adoption of paperless processes and remote work tools enabled continuity when external disruptions hit, and that example helped illustrate why construction finance partners increasingly value speed and digital readiness.

Separately, product and platform providers in the housing and real‑estate space are developing connected tools that blend marketing, touring and financing to shorten the time between buyer or investor interest and capital placement. These trends suggest that construction and renovation projects that rely on quick bridge capital will face better options than in prior cycles.

Timing and reach

The product announcement was dated mid‑September 2025. The lender reports operations and originations in dozens of states and a stated intention to offer the small‑balance program nationwide, subject to licensing and regulatory rules in each state.

What contractors and developers should watch

Bottom line

The new small‑balance commercial program is part of a broader shift toward faster, tech‑driven capital that targets gaps in the market for modest commercial and light‑industrial projects. Contractors, developers and local investors with smaller, time‑sensitive projects may find new options for bridge and renovation financing, but they should evaluate terms, timing and state availability when planning work.

FAQ

What is the new loan program?

The program provides short‑term, small‑balance commercial loans aimed at experienced investors for multifamily, mixed‑use, retail and industrial projects.

Who can apply?

The product is designed for seasoned real‑estate investors and operators. Availability depends on state licensing and the lender’s underwriting policies.

What are typical uses for these loans?

Common uses include acquisition, renovation, light construction, repositioning and refinancing to bridge to longer‑term financing.

How do these loans affect construction timelines?

Faster approvals and predictable funding can help start projects on time. Borrowers should confirm disbursement schedules and any lien or draw requirements with their lender.

Is the program available nationwide?

The lender intends to offer the product across many states, but actual availability depends on licensing and regulatory approvals in each state.

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Key features at a glance

Feature What it means
Loan size Designed for small‑balance commercial needs below many traditional commercial minimums
Asset classes Multifamily, mixed‑use, retail, industrial
Term Short‑term structures for bridge, renovation or repositioning
Speed Streamlined underwriting and technology to reduce approval times
Geographic reach Originations reported across 40 states with plans for broad availability
Typical borrower Experienced real‑estate investors and operators
Strategic aim Fill an underserved financing gap for smaller commercial and renovation projects

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