New Silver, a leading lending platform for real estate investors, announced today that the New Silver Income Fund distributed a 2nd quarter net return of 5.09%. This follows a strong first quarter net return of 4.03%. The Fund is on track to exceed 2023’s 17.07% net return and deliver even higher returns for accredited investors in 2024.
The New Silver Income Fund focuses on generating income through a pool of short-duration mortgages that are underwritten and originated by New Silver. All loans are secured by first priority liens on residential investment properties in the United States and personal guarantees from borrowers. With an average loan term of 12 months, this strategy allows for market-sensitive underwriting and efficient capital reinvestment, driving consistent returns.
“We feel our fund’s risk-reward profile stands out by consistently providing our investors equity-like returns while their principal is secured by 1st lien mortgages on residential investment properties,” said John Coury, Head of Capital Markets for New Silver. “Strong demand for housing coupled with limited supply should continue to provide stability in home prices going forward.”
New Silver focuses on markets with strong growth and stable housing demand which minimizes exposure to market volatility. New Silver continuously monitors industry and market conditions to anticipate and adapt to potential changes in order to mitigate risk.
Founded in 2018, New Silver has originated 750+ loans totaling $230+ million of principal balance. New Silver leverages market-leading, proprietary technology to optimize underwriting, originations, and automated loan pricing. These innovative tools, coupled with value-added services for borrowers, and an experienced team in real estate and disruptive technologies, set New Silver apart in the real estate investment landscape.
About New Silver:
New Silver is a fintech company with a mission to improve local communities by providing fast, convenient, and flexible capital to real estate investors. New Silver uses data and technology to underwrite and originate investment property loans with more efficiency and predictability. New Silver’s pricing engine provides instant online loan approval and a term sheet so that their many happy clients are ready to make an offer in as little as 5 minutes. For more information please visit www.newsilver.com
About New Silver Income Fund:
New Silver Income Fund is a 506(c) Reg D Offering that provides accredited investors with an opportunity to generate income by investing in a pool of business-purpose real estate loans originated by New Silver. The Fund utilizes efficient leverage at below-market rates to enhance returns without taking on excessive risk in the loan pool. Find out more about New Silver’s investor relations here: https://newsilver.com/income-fund/
Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
Media Contact
Company Name: New Silver Lending
Contact Person: Carmel Woodman
Email: Send Email
Country: United States
Website: https://newsilver.com/