Key facts
- New Silver Lending LLC has acquired Mayflower Venture Partners.
- The acquisition aims to expand New Silver's presence in New England's fix-and-flip and construction lending markets.
- Mayflower borrowers will gain access to New Silver's broader investor loan products, including DSCR rental loans.
- Mayflower's team will continue to serve existing and new clients under the New Silver platform.
New Silver Lending LLC has acquired Mayflower Venture Partners, a direct lender focused on single-family and small multifamily properties in New England. The deal is intended to expand New Silver's footprint in the region's fix-and-flip and construction lending sectors.
Mayflower, founded by Hussien Skaiky, is known for its fast term sheets and hands-on underwriting for construction and renovation projects. New Silver, a tech-focused lender, provides short-term business-purpose loans and has recently introduced longer-term rental loans.