New Silver: Transforming Real Estate Lending

West Hartford’s New Silver has emerged as a powerhouse in the real estate lending sector, successfully closing over $300 million in loans across 40 states. The company has garnered attention by ranking on Inc. magazine’s fastest-growing list, boasting a remarkable 335% revenue growth since 2020. By pivoting from a software startup to a leading commercial lender, New Silver is reshaping the landscape of real estate financing.

The Evolution of New Silver

Founded in 2018 by Kirill Bensonoff and Alex Shvayetsky, New Silver originally offered software services for the fintech industry. As the co-founders explored various business models, they discovered that their software, which assessed both current and renovated properties, delivered impressive results. This insight prompted a strategic shift towards providing capital for real estate developers, leading to significant growth.

Innovative Technology at Work

The company developed proprietary software, affectionately dubbed “HQ,” designed to provide instant loan assessments and approvals for developers. This technology utilizes data analytics to issue preliminary loan terms, including price, interest rates, and maximum loan amounts, streamlining the financing process for real estate investors. Bensonoff noted that this software has maintained a high degree of accuracy, enabling developers to secure funding efficiently.

Rapid Growth and Market Presence

New Silver’s transformation has been marked by rapid growth, with the company now employing approximately 30 people and operating across a wide geographic footprint. By adapting to market demands, the firm has focused primarily on loans for real estate investors. This strategic decision resulted in consistent placements on Inc.‘s fastest-growing companies list, with notable rankings in both 2024 and 2025.

A Personal Journey of Co-Founders

Both Bensonoff and Shvayetsky share a unique background, having immigrated from the former Soviet Union to the United States. Their mutual experiences fostered a strong friendship and ultimately laid the foundation for their business partnership. The co-founders’ complementary skills—Bensonoff’s technology expertise and Shvayetsky’s real estate knowledge—have been integral to the success of New Silver.

Financing Options for Investors

New Silver offers a diverse range of funding solutions tailored for real estate investors:

• Fix-and-Flip Loans: Funding for buyers looking to renovate and resell properties, covering up to 90% of the loan cost, with amounts ranging from $100,000 to $5 million.
• New Construction Loans: Financing for residential builders with similar coverage and terms as the fix-and-flip options.
• Rental Property Loans: Fixed-rate loans available for purchasing rental properties, ranging from $150,000 to $3 million.

Looking Ahead

As New Silver continues to expand its operations, the co-founders recognize the importance of their role in the market. With a keen focus on meeting the evolving needs of real estate investors, they aim to fill the gaps left by traditional banks in the commercial lending space. As Shvayetsky stated, “There is certainly a demand in this sector, which weighs up to $15 million. There’s much more demand for capital than what we’ve seen.” New Silver is poised to navigate this landscape, reinforcing its commitment to providing efficient and accessible financing solutions.