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All Forum Posts by: Simmy Ahluwalia

Simmy Ahluwalia has started 107 posts and replied 1338 times.

Post: Lender Needed: Permitted & Partially Built 30-Unit Residential Project in Philadelphi

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,581
  • Votes 187

This deal does not pencil at all, and you will lose your shirt with these numbers.  You need to be picking this up at $10M or less.

Post: Direct Lender in Arizona

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,581
  • Votes 187

@Eugene Neal - Hi.  I'm a broker based in Atlanta, but originate nationwide.  One of my specialties is SF/B2R new construction/subdivision financing.  I have 2 going on right now in the GA market.  That being said, the best case scenario is the client already owns the dirt and it is fully entitled/shovel ready.  

Post: Need Lender Contacts for DSCR or Conventional Mortgage

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,581
  • Votes 187

@Harish M. - please resend, have not received.  [email protected]

Post: Need Lender Contacts for DSCR or Conventional Mortgage

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,581
  • Votes 187

@Harish M. - reach out and provide the property details and we can price it out for you.

Post: Looking for HML for great property but not great credit score.

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,581
  • Votes 187

@Michaela Hayes - we do have a No FICO program, but it's state specific.  Where is the location?

Post: Looking for a Good DSCR Lendor to refinance with Min Down Payment

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,581
  • Votes 187

@Ravi Kumar - bhai, reach out and let's chat about your dscr Refi.

Post: Fix and Flip - Monthly Payments Rolled into the Loan

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,581
  • Votes 187

@James Thomas Richard - we do have fnf programs where we can defer payments to the back of the loan, but we'd need to understand your flip model in more detail.  Reach out and let's chat.

Post: Heloc or Cash out needed in GA

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,581
  • Votes 187

@Xiang J. - we are ATL based and can provide you with a quote on the cash-out.  Reach out.

Post: Seeking lender for short term stabilised bridge min. 80% LTV

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,581
  • Votes 187

Depending upon your numbers, yes.

Post: Seeking funding for a Real Estate development Project

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,581
  • Votes 187

What kind of project?  If you have built similar projects before, have a LOT of cash on hand and the permitting is in place, we can look at it.