Episode 248: New Silver Fintech CEO Kirill Bensonoff on Blockchain Hard Money Loans

The REI Diamonds Show-Real Estate Investment Podcast

Episode 248: New Silver Fintech CEO Kirill Bensonoff on Blockchain Hard Money Loans

Guest: Kirill Bensonoff, CEO of New Silver, a groundbreaking fintech lending organization, is at the forefront of revolutionizing real estate investment. With a focus on fix and flip, ground-up construction, and buy-to-rent projects, New Silver provides investors with innovative financing solutions backed by cutting-edge technology. Combining his expertise in technology and a deep understanding of real estate, Kirill brings a unique perspective to the table, unraveling the intersection of blockchain and trust within the industry.

Big Idea: New Silver combines financial expertise with advanced technology to streamline the lending process for real estate investors. By leveraging blockchain technology and smart contracts, New Silver offers faster loan approvals and closings, reducing the time and complexity traditionally associated with hard money lending. The discussion revolves around the pivotal role of trust in real estate transactions amidst the rise of blockchain technology. While blockchain promises seamless transactions and tokenization, Kirill and Dan delve into the fundamental necessity of trust in every aspect of real estate, from lending to investment.
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Resources mentioned in this episode:
https://NewSilver.com/
View the Episode Description & Transcript Here:
https://reidiamonds.com/new-silver-fintech-ceo-kirill-bensoff-on-blockchain-hard-money-loans/
Kirill Bensonoff & I Discuss Blockchain Hard Money Loans:
• Exploring the Role of Hard Money Lending in Real Estate Investments (02:12): Unpacking the significance of hard money lending as a crucial financing option for real estate investors, offering flexibility and speed in transactions.

• Demystifying Loan Requirements, Down Payments, and Interest Rates for Profitable Ventures (5:34): Breaking down the essential components of real estate loans, including requirements, down payments, and interest rates, while discussing profitability calculations to empower investors.

• Effective Strategies for Strengthening Offers and Accelerating the Closing Process (17:01): Offering tactical approaches to enhance offers to sellers and expedite the closing process, ensuring a competitive edge in real estate transactions.

• New Silver's Dedication to Tailored Solutions and Building Strong Borrower Relationships (00:20:10): Highlighting New Silver's commitment to providing customized solutions and nurturing robust borrower relationships to foster trust and long-term success.

• Blockchain Applications in Real Estate Transactions (25:05): Discussing the potential of blockchain to streamline real estate processes such as property title transfers and asset settlement, enhancing efficiency and reducing transaction costs.