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
- Turnaround times for approvals and funding commitments, which can affect project start dates.
- Loan term and exit options — short‑term loans require clear plans for stabilization, refinance or sale.
- Eligible property types — multifamily and mixed‑use projects often have different underwriting needs than retail or industrial deals.
- State licensing and the need to confirm product availability in the project’s jurisdiction.
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 |
Deeper Dive: News & Info About This Topic
Additional Resources
- Hartford Business: West Hartford fintech New Silver pivots from software startup to fast‑growing real‑estate lender
- Wikipedia: Real estate finance
- GlobeNewswire: New Silver Introduces Commercial Real Estate Loan Program
- Google Search: New Silver commercial real estate loan program
- GlobeNewswire (Download): New Silver resource/filing (PDF)
- Google Scholar: New Silver development loans
- Hartford Courant: Top Workplaces — First World Mortgage (local lender profile)
- Encyclopedia Britannica: Mortgage
- Zillow: Expands integrated home‑buying experience to additional markets
- Google News: Zillow integrated home buying experience
Author: Construction TX News
TEXAS STAFF WRITER The TEXAS STAFF WRITER represents the experienced team at constructiontxnews.com, your go-to source for actionable local news and information in Texas and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Texas Construction Expo, major infrastructure unveilings, and advancements in construction technology showcases. Our coverage extends to key organizations like the Associated General Contractors of Texas and the Texas Building Branch, plus leading businesses in construction and real estate that power the local economy such as Austin Commercial and CMiC Global. As part of the broader network, including constructioncanews.com, constructionnynews.com, and constructionflnews.com, we provide comprehensive, credible insights into the dynamic construction landscape across multiple states.
