All Forum Posts by: Simmy Ahluwalia

You are correct, @Lane Kawaoka - most, if not all, conventional banks/credit unions also limit the number of investment properties to 10, that you can own, and of course their underwriting requires 2 years of past tax returns, most likely 700+ FICO, personal financial statement, bank statements, investor resume', blood type, SS #, etc......haha!  In other words, you have to provide EVERYTHING.  

These new programs are available nationwide (except ND, SD, AK, HI, UT, RI)

SFH/Residential Loans

• SFH, 2-4 Family, Condos, Townhomes
• Loans from $25k to $750k
• 30 Year Term & 30 Year Amortization
• Minimum Property Value of $50k
• Up to 80% LTV on Purchase
• Up to 75% LTV on Refinance
• Minimum FICO of 660
• Rate Range from 6.5 to 7.8% Fixed
• 3 Points Origination
• Can close as Individual or LLC
• Recourse
• NO Tax Returns
• NO W2 or Proof of Income
• Domestic and Foreign Nationals

Blanket Loans

• SFH, 2-4 Family, Condos, Townhomes, Mulfi-Family
• 10+ Doors
• Loans from $1M+
• 5 & 10 Year Term with 30 Year Amortization OR Interest Only
• Minimum Property Value of $50k
• Up to 75% on Purchase and Refinance
• Minimum FICO of 660
• Minimum DSCR of 1.2x
• Rate range from 6.5 to 7.8% Fixed
• 3 Points Origination
• Recourse and Non-Recourse
• Close as LLC
• Domestic and Foreign Nationals

@Todd LaValla - Who Dat!!  Shoot me an email to [email protected] - give me some numbers on your deals, and I'll give you a ball-park quote.

Buddy, is the contract price $2M?

@Mimi Bezabih - need your email address

These can be cherry-picked.  Gross Yields from 12 to 20%.  A couple are Section 8 and 4-5 are now month-to-month.  

Locations:  Stone Mountain, Decatur, Jonesboro, Riverdale, Union City, Ellenwood, Lithonia, Hampton, Forrest Park, College Park

We offer a VARIETY of Private Funding Programs - Please see a snapshot below:

• 30 Year Turnkey Rental Financing (minimum 1.3 DSCR) Rates: 6.5-7.5% Fixed
• Blanket/Porftolio Loans for 4+ doors
• Proof of Funds for any viable/legal project (national/international)
• Unsecured Lines of Credit ($10k - $200k) - Minimum 700 FICO
• (personal credit not affected, only business credit)
• Hard Money (acquisition and rehab) - 65% ARV
• Commercial (any asset class) - Acquisition, Rehab, Permanent, CMBS, Bridge
• Business Term Loans (almost any business type) - $10k to $500k

SIMS Capital, LLC

[email protected]

Please put me on your distribution list.  I work with several investor clients and I also provide the financing they need for rehab and permanent:  [email protected]

@Kevin Yoo - if your team ever decides to invest in the Atlanta, GA market, please keep me in mind.  I'm both an investor-realtor and private money broker.  I'm very connected in all facets of investment real-estate:  Closing attorneys, GC's, Inspectors, Wholesalers, Funding, Comps, etc......

If it's a true A to B and B to C transaction with contracts in place and B already having funds in place, I can help.