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.
To view the full press release, visit https://ibn.fm/DZlmu
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
About InvestorWire
InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.
For more information, please visit https://www.InvestorWire.com
Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published: https://www.InvestorWire.com/Disclaimer
InvestorWire
Austin, Texas
www.InvestorWire.com
512.354.7000 Office
[email protected]
InvestorWire is powered by IBN