New Silver announced it has acquired Mayflower Venture Partners, a Quincy, Massachusetts-based direct lender specializing in fix-and-flip and new construction loans for single-family and small multifamily properties throughout New England. The company said the transaction expands its regional footprint while combining Mayflower’s local market expertise and client relationships with New Silver’s national lending platform, technology and capital resources.
Under the acquisition, Mayflower’s clients will gain access to a broader suite of financing products, including debt-service coverage ratio (“DSCR”) rental loans, along with greater lending capacity for larger and more complex projects. New Silver said the combination is also expected to enhance the customer experience through AI-assisted underwriting, competitive pricing and expanded technology-driven lending capabilities.
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About New Silver
New Silver is a fintech company with a mission – helping to improve local communities by providing fast, convenient and flexible capital to real estate investors across the United States. New Silver uses data and technology to provide their clients with fast approvals and certainty of execution while maintaining high-touch customer service to wow them across the entirety of their journey.
For more information please visit www.newsilver.com
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