Alternative mortgage solutions? Check. Flexible guidelines? Double check. More streamlined transaction processes? Guaranteed when you partner with Silver Hill Funding, LLC.
Fact is, there’s never been a better time to close small-balance commercial loans with us. The key is knowing which mortgage scenarios fit our box, what non-bank programs are available, and how to get started.
Here you have all the information you need to close more deals with Silver Hill. As always, you can reach out to your Silver Hill Regional Manager to learn more. Just use our map to find an Account Executive in your territory.
Silver Hill Funding Overview:
Silver Hill provides alternative lending solutions to investors and small business owners who can’t or won’t work with traditional banks.
Unlike many traditional bank lenders, we offer a number of reduced or no doc loan products for investor and owner-occupied transactions. You can use these solutions to close more of the scenarios you see every month.
At the same time, we offer lower rates than many of the other non-bank lenders you may be working with today. Our rate floor is currently 5.750%, making us a competitively-priced alternative for a wide range of small-balance commercial deals.
Here is a quick rundown of our general program options:
| Loan Amounts: | $100,000 – $2 million |
| Max LTV: | 80% |
| Term: | 5,7-year hybrid/30-year fixed |
| Amortization: | 20, 25, 30 |
| Loan Purpose: | Purchase, R/T Refinance, Cash-Out Refinance |
| Min. FICO: | 650 |
| Eligible Markets: | Top 200 MSAs |
Borrower Characteristics:
Silver Hill specializes in solutions for prospective borrowers with the following needs:
- Borrowers who have been turned down by banks
- Borrowers who do not qualify for SBA programs
- Borrowers with maturing loans
- Borrowers wishing to refinance out of higher-rate, shorter-term bridge loans
- Borrowers who are unable or unwilling to provide tax return documentation
- Borrowers looking to cash out equity from their existing commercial property
We have loan programs available for credit-worthy investors and business owners. Our eligible borrowers are U.S. citizens, permanent resident aliens, or legal entities. Foreign nationals are not eligible for Silver Hill loans.
Property Type Eligibility:
Silver Hill lends on a wide range of commercial and multifamily property types, including:
| Multifamily | Light Industrial | Mobile Home Park |
| Mixed-Use | Self-Storage | Daycare Center |
| Office | Warehouse | Restaurant/Bar |
| Retail | Automotive | 1-4 Unit Rental |
Some of our ineligible property types include:
- Raw land and agricultural properties
- New construction
- Environmentally sensitive properties
- Churches
- Adult entertainment
- Cannabis-related properties
- Properties that require significant rehab
- Special use properties like marinas, ice skating rinks, golf courses, etc.
Want more specific information regarding the properties that best fit our guidelines? Visit our Success Stories page to see examples of recently closed loans.
Loan Programs:
Silver Hill offers loan programs designed to help you close many different types of commercial scenarios. At the same time, we’ve worked to simplify our product suite so you can easily remember what we offer and when each solution makes the most sense.
Full Doc Loans:
Loan Amounts: $100,000 to $2.5 million
Best for: Credit-worthy investors or business owners looking for an alternative to restrictive bank financing.
How It Works: Silver Hill applies a full doc review, including tax returns and 4506T.
| FICO | Start Rate | Max LTV | DSCR | |
| Tier 1 Properties | 700 | 5.750% | 80% | 1.15 |
| Tier 2 Properties | 700 | 6.250% | 80% | 1.15 |
Lite Doc Loans:
Loan Amounts: $100,000 to $2 million
Best for: Investors and business owners who are not able to disclose certain information or whose properties are more valuable than a tax return might show.
How It Works: SHF offers several options that do not require tax returns:
- Lite Doc Investor: Silver Hill reviews appraisal and property cash flow.
- Stated Owner-Occupied: Silver Hill reviews Experian Business Credit Report and property cash flow.
- Bank Statement: Silver Hill reviews 12 consecutive months of business bank statements.
| Start Rate | Max LTV | DSCR | |
| FICO 700+ | 5.750% | 80% | 1.15 |
| FICO <700 | 7.250% | 75% | 1.20 |
No Doc Streamline Program:
Loan Amounts: $100,000 to $300,000
Best for: Borrowers in need of a smaller loan amount and a more streamlined transaction.
How It Works: Silver Hill will not ask for tax returns, bank statements, leases, a rent roll, or historical operating statements.*
| Start Rate | Max LTV | DSCR | |
| FICO 700+ | 5.875% | 75% | 1.15 |
| FICO <700 | 7.375% | 75% | 1.20 |
1-4 Program:
Loan Amounts: $100,000 to $2 million
Best for: Investors looking for non-bank financing solutions for 1-4-unit rental properties.
How It Works: Silver Hill will generally base its credit decision on personal credit, property cash flows, and purchase seasoning. Rental income is used to calculate cash flow from the subject property and will be based off of the Comparable Rent Schedule (1007 Form).
| Start Rate | Max LTV | DSCR | |
| FICO 700+ | 5.750% | 80% | 1.00 |
| FICO <700 | 6.500% | 75% | 1.00 |
Want to learn more about our loan programs? Contact your Regional Manager for more details. You can also present a commercial scenario and ask one of our experts to suggest the optimal solution for that specific deal.
Broker Benefits:
Originators enjoy closing loans with Silver Hill. See for yourself:
“This is the 2nd loan that I have completed with this team. In my history as a commercial loan officer, I have never seen a better process. I am impressed, to say the least. This team is the next level in the future of commercial lending.’ – Eric G.
“My Regional Manager, Transaction Manager, and the entire team were a pleasure to work with! Can’t wait to get the next deal closed with the team!” – George P.
“Excellent team to work with on a challenging loan.” – David H.
Here are a few of the benefits we offer to originators who transact with Silver Hill:
- YSP is available**
- Alliance Program pricing that allows you to earn more on months where you close 2+ loans with Silver Hill
- Brokers protected
- Free marketing collateral on demand
Our commercial mortgage experts have helped thousands of brokers grow their commercial lending business – they’ll be happy to help you succeed as well.
Transaction Process Overview:
We feel the key to a smooth loan transaction is to help all parties understand exactly what to expect at each stage. Here’s a quick rundown of our transaction process.
- LOI Acceptance (target window: within 48 hours of submission): When we receive the Letter of Intent (LOI) and prior-to-processing conditions, we order 3rd party reports.
- Conditions Update (target window: 48 hours): While we order 3rd party reports, our Transaction Manager reviews the required conditions for the loan and sends you an updated conditions list if any changes have occurred.
- Underwriting & Review (target window: 2-3 weeks): After receiving the completed appraisal, our underwriters perform a full review of your client’s file. Then we issue a pre-approval letter.
- Final Underwriting (target window: 48 hours): Once we receive all conditions and the following reports, our team makes the final approval decision.
- Closing & Funding (target window: 48-72 hours): Congratulations, your client’s loan request is approved! Silver Hill funds the loan after the borrower signs the loan documents and the closing agent reviews all documentation. Funds are typically disbursed within 24 hours of closing.
Getting Started with Silver Hill:
The best way to jumpstart your commercial lending business with Silver Hill is to connect with your Regional Manager. These experts understand your territory and are prepared to offer a number of solutions based on your clients’ specific needs.
It may also be a smart idea to create a free Silver Hill online account. Registering with us gives you instant access to a number of useful tools you can use to close more loans:
- Pricing calculator to get estimated pricing for your commercial deals***
- Downloadable marketing guides
- Free marketing tools like unbranded flyers and product sheets
- Instructional videos and webinar recordings
You can follow this link to create your account now.
