New Silver Lending LLC has acquired Mayflower Venture Partners, expanding its presence in New England’s fix-and-flip and construction lending markets, the company announced on Wednesday.

Quincy, Massachusetts-based Mayflower is a direct lender focused on loans for single-family and small multifamily properties throughout New England. The firm, founded by Hussien Skaiky, has emphasized fast term sheets, hands-on underwriting and a streamlined draw process for ground-up construction and renovation projects.

Meanwhile, New Silver — based in West Hartford, Connecticut — is a tech-focused lender to real estate investors that finances short-term business-purpose loans. More recently, it began offering longer-term rental loans. 

“We are looking forward to strengthening our presence in New England through this acquisition and to working with Hussien and continuing the excellent service he has been providing to his clients for many years,” New Silver CEO Kirill Bensonoff said in a statement.

Bensonoff added that the combined team aims to deliver “additional technology like New Silver’s AI-assisted underwriting, and even more competitive pricing.”

The acquisition will give Mayflower clients access to New Silver’s broader product set, including debt-service-coverage ratio (DSCR) loans, along with what the company says is greater capital capacity for larger and more complex projects. 

Skaiky said the decision to join New Silver was driven by client needs.

“Joining New Silver gives our borrowers better pricing, more capital, and access to some of the best technology in the business to help them succeed and grow,” he said.

Following the transaction, Mayflower’s team will continue to serve existing and new clients under the New Silver platform. Financial terms of the deal were not disclosed.

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