Summary: New Silver increases Fix & Flip interest rates

Why It Matters: The cost of borrowing for real estate investors has gone up. This change makes their most popular loan product more expensive and reduces the amount of construction costs they will cover.

What Changed:

• Fix & Flip interest rates increased from 9% - 11% to 9.25% - 11.25%.
• Fix & Flip construction coverage decreased from 100% down to 90%.
• Ground Up loan origination fees changed from a range (1 - 2%) to a flat 1.5%.
• The "Recently Funded" section was updated with a new list of closed deals across different states.