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 closes more than $300 million in development loans, rolls out small‑balance commercial program
New Silver, a Connecticut‑based fintech lender that provides real estate development financing, reported having closed more than $300 million in development loans spanning 40 states. The company also launched a new small‑balance commercial real‑estate loan program aimed at experienced investors and was listed on a national list for fastest revenue growth after a reported 335% increase in revenue.
What happened
The company announced the totals and the new program in a September filing that listed its headquarters in West Hartford, Connecticut. The small‑balance commercial product covers asset types commonly used in local redevelopment and construction: multifamily, mixed‑use, retail and industrial properties. The new offering is described as a short‑term financing option designed for speed, flexibility and competitive terms to help investors move on projects that might otherwise face a financing gap.
Why it matters for construction and local projects
Small‑balance commercial loans are often used to fund renovation, stabilization or small development projects. A program that delivers faster approvals and short‑term capital can shorten the time from acquisition to ground‑work and allow small developers and investors to bid on or close deals more quickly. The firm states it uses data and technology to speed approvals while keeping customer support in place through the lifecycle of a loan.
Scale and reach
In addition to the loan totals, the company listed a headcount of about 30 people and a stated goal to expand its reach inside and outside residential markets. The new program is positioned to broaden the company’s activity into commercial lending nationwide rather than staying strictly within residential financing. The business named two co‑founders in public material and a director of business development who described the target market for the new product as investors with prior experience.
Timing and context
The firm’s announcement was dated in mid‑September 2025. The company has described its operating style as technology driven and focused on speed of execution, while also indicating a desire to provide hands‑on customer service. The release included contact details for a content and PR manager at the company for follow‑up information.
Local industry note
Separately, a regional mortgage firm founded in 1992 was reported to have shifted to a paperless process at the end of 2019, a move that allowed staff to work remotely at the start of the pandemic. That lender has grown to about 100 employees and operates multiple offices in several states. Its local experience illustrates how lenders of different sizes are adapting business and operations to move faster and support more loans in their markets.
Takeaway for builders, developers and investors
A larger national pool of short‑term, small‑balance commercial capital can help local contractors and developers on modest‑scale projects where traditional bank loans are slow or hard to access. Faster decisions and flexible terms can reduce holding costs for projects in early phases and make smaller rehabilitation and adaptive reuse deals more viable in places where funding options were limited.
Quick facts
- Amount closed: more than $300 million in development loans.
- Geographic reach: loans reported across 40 states.
- New product: small‑balance commercial real‑estate loan program covering multifamily, mixed‑use, retail and industrial assets.
- Company size: roughly 30 employees reported in public material.
- Reported revenue growth: 335% growth used to support inclusion on a national fastest‑growing list.
- Program focus: short‑term financing with emphasis on speed, flexibility and competitive terms for experienced investors.
Where to get more details
The announcement included a named content and PR contact and the company’s public website for additional materials and regulatory filings. For builders and local developers, conversations with local lenders and brokers remain the fastest route to understand how a new product could affect a specific project timeline or budget.
Frequently asked questions
What is a small‑balance commercial loan?
A small‑balance commercial loan is a short‑term loan for lower‑value commercial properties, often used for purchase, renovation or stabilization of multifamily, mixed‑use, retail and industrial assets where traditional large‑bank loans may not fit.
Who is the small‑balance program meant for?
The program is intended for experienced or seasoned real‑estate investors who need quick access to capital for smaller commercial deals where speed and flexible terms matter.
How can this affect construction timelines?
Quicker approvals and short‑term capital can reduce delays between acquisition and the start of construction work, which can lower holding costs and help keep local contractors on schedule.
Does this replace larger commercial loans?
No. Small‑balance loans typically serve a different market segment. Larger, long‑term projects usually still rely on traditional commercial loans, construction loans or permanent financing.
Are there geographic limits?
The announcement reported loan activity across many states and positioned the new program as available nationwide, though specific availability and terms often vary by state and local licensing.
Key features at a glance
| Feature | Detail |
|---|---|
| Amount closed | More than $300 million in development loans |
| Geographic reach | Loans reported across 40 states |
| New product | Small‑balance commercial loans for multifamily, mixed‑use, retail and industrial |
| Target borrowers | Experienced / seasoned real‑estate investors |
| Program goals | Speed, flexibility and competitive short‑term terms to support construction and rehab |
| Reported company size | About 30 employees reported |
| Reported growth metric | Included on a fastest‑growing list following a reported 335% revenue increase |
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
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