New Silver Acquires Mayflower Venture Partners

New Silver Lending LLC acquired Mayflower Venture Partners on Wednesday, a move that significantly expands its footprint in the New England region's fix-and-flip and construction lending sectors. Mayflower Venture Partners, headquartered in Quincy, Massachusetts, operates as a direct lender specializing in financing for single-family and small multifamily properties across New England. The firm, established by Hussien Skaiky, has built a reputation for its rapid term sheet generation, personalized underwriting approach, and efficient draw process tailored for both ground-up construction and renovation projects. New Silver, based in West Hartford, Connecticut, is recognized as a technology-driven lender catering to real estate investors by providing short-term business-purpose loans, and has more recently broadened its offerings to include longer-term rental loans. Kirill Bensonoff, CEO of New Silver, expressed enthusiasm for the acquisition, stating in a company release that the company anticipates strengthening its New England presence and collaborating with Hussien Skaiky to maintain the high level of service he has consistently delivered to his clientele. Bensonoff further elaborated that the integrated team plans to introduce advanced technologies, such as New Silver's AI-assisted underwriting capabilities, and offer more competitive pricing structures. This strategic acquisition will grant Mayflower's existing and future clients access to New Silver's more extensive suite of financial products, including debt-service-coverage ratio (DSCR) loans. Additionally, clients will benefit from what the company describes as an enhanced capital capacity, enabling support for larger and more intricate real estate projects. Hussien Skaiky indicated that the decision to merge with New Silver was primarily motivated by the evolving needs of his clients. He stated that joining New Silver provides his borrowers with improved pricing, greater access to capital, and the utilization of leading-edge technology designed to foster their success and expansion. Following the completion of the transaction, the Mayflower team will continue to support both their established and new clients under the operational framework of the New Silver platform. The specific financial details of this acquisition have not been publicly disclosed. This transaction represents a consolidation within the real estate lending market, particularly for investors engaged in property renovation and development in the Northeast.