New Silver Acquires Massachusetts Lender Mayflower Venture Partners
West Hartford fintech expands real estate lending footprint with purchase of Boston-area private lender founded by Hussien Skaiky.
New Silver, a West Hartford-based fintech lender, has acquired Mayflower Venture Partners, a Massachusetts-based private lending firm specializing in real estate investment loans, the company confirmed on its website.
The deal brings Mayflower's team and loan origination capabilities under the New Silver platform, where they will continue serving clients post-closing. Financial terms and the exact closing date were not disclosed.
Real Estate Lending Consolidation
The acquisition pairs two firms operating in the same niche: short-term financing for residential investment properties. Mayflower Venture Partners was founded by Hussien Skaiky and operates out of the Boston area. Like New Silver, Mayflower focuses on fix-and-flip loans, ground-up construction financing, and debt-service-coverage-ratio (DSCR) products for real estate investors.
Both companies function as private lenders using technology to streamline loan originations for investment properties.
New Silver's Growth Trajectory
Founded in 2018 by Kirill Bensonoff and Alex Shvayetsky, New Silver has positioned itself as a data-driven alternative to conventional hard-money lenders.
Acquiring an established regional lender like Mayflower offers immediate scale without the customer acquisition costs of organic growth. The combined entity gains access to Mayflower's existing borrower relationships and local market knowledge in Massachusetts, while New Silver contributes its technology infrastructure and underwriting systems.
Strategic Implications
For real estate investors in the Northeast, the consolidation could mean more capital availability and faster approval cycles as the merged platform integrates operations. However, integration risks remain common in lending acquisitions, particularly when aligning underwriting standards and servicing platforms.
The deal reflects broader consolidation trends in fintech lending, where well-capitalized players acquire smaller regional competitors to expand geographic reach and loan volume. New Silver's willingness to absorb another lender's operations suggests confidence in its ability to scale technology across multiple origination channels.
Mayflower's team will continue serving clients under the New Silver brand, according to the company's announcement. The acquisition marks New Silver's first publicly disclosed purchase of a competing lender since its founding.