Overview
Civic Financial Services (based in Redondo Beach, CA, hard money) and New Silver (based in West Hartford, CT, hard money) are both non-QM lenders serving real estate investors. Civic Financial Services serves National; New Silver serves National.
Figures for both lenders below were checked against their published materials as of 2026-09-17. Rates and terms change and are not a quote for either lender.
Civic Financial Services vs New Silver: attribute by attribute
| Attribute | Civic Financial Services | New Silver |
|---|---|---|
| Interest rate range | 9.5%–12% | 9.5%–11.75% |
| Origination points | 1–3 points | 1–3 points |
| Minimum credit score | 660 | 660 |
| Minimum DSCR | 1.05 | 0.75 |
| Max LTV | 80% | 85% |
| Max LTC | 90% | 90% |
| Minimum loan size | $75K | $100K |
| Maximum loan size | $2.0M | $3.0M |
| States covered | Not publicly published | 39 states |
| Entity vesting | LLC required | Not publicly published |
| Typical close time | 10-21 days typical | 5-14 days typical |
| Founded | 2014 | 2018 |
| Headquarters | Redondo Beach, CA | West Hartford, CT |
Which one fits which borrower
- New Silver's minimum DSCR is 0.75, below Civic Financial Services's 1.05 floor — New Silver will consider a property that cash-flows more thinly than Civic Financial Services's minimum allows.
- New Silver's max LTV is 85% against Civic Financial Services's 80% — on the same purchase price, New Silver's published leverage lets a borrower put down less cash.
- Civic Financial Services's minimum loan size is $75K, below New Silver's $100K floor — Civic Financial Services is the fit for a smaller deal that would fall under New Silver's minimum.
- New Silver's maximum loan size is $3.0M, above Civic Financial Services's $2.0M ceiling — a larger transaction may need to go to New Silver.
- New Silver publishes coverage in 39 states; Civic Financial Services does not publish a state count. That does not mean Civic Financial Services covers fewer states, only that the figure is not published.
- Civic Financial Services requires LLC vesting; New Silver does not publish a position on LLC vesting. That is a real structural difference for a borrower deciding how to hold title.
- Civic Financial Services was founded in 2014, 4 years before New Silver (founded 2018) — longer time in the market, not a claim about which underwrites better today.
Full profiles
- Civic Financial Services full profile and review
- New Silver full profile and review
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Civic Financial Services vs New Silver FAQ
Civic Financial Services's published rate range is 9.5%–12%. New Silver's published rate range is 9.5%–11.75%. Both ranges depend on credit, leverage, DSCR coverage and borrower experience, so where a specific deal prices inside either range varies.
Civic Financial Services publishes a minimum credit score of 660. New Silver publishes a minimum credit score of 660.
Civic Financial Services's minimum DSCR is 1.05. New Silver's minimum DSCR is 0.75.
Civic Financial Services's loan size runs $75K to $2.0M. New Silver's loan size runs $100K to $3.0M.
Civic Financial Services's typical close time is 10-21 days typical. New Silver's typical close time is 5-14 days typical. Actual timelines depend on documentation, title work and underwriting load regardless of lender.
Civic Financial Services requires LLC vesting. New Silver does not publish a position on LLC vesting.
This comparison is an independent directory listing. DSCR Loan Program is not affiliated with Civic Financial Services or New Silver, receives no payment for placement, and does not rank lenders in exchange for compensation. Rates, terms, and eligibility are determined by each lender and subject to change. Always verify current pricing directly with the lender before relying on any specifics.