All Forum Posts by: Simmy Ahluwalia

@Chaz Albrecht - shoot me an email with your contact info and purchase criteria.  I come across off-market deals in Atlanta on a weekly basis.  [email protected]

Marco, how long is the lease through?  Any escalations in rent with renewal?

@Michael McCarthy - if your property values are below $50k, I can refinance them individually.  The lenders specified above do require a property value of at least $50-75k.

I'm based in Atlanta, and work with a number of investors.  Please add me to your GA list:  [email protected]

@Jack Tucker - I'm in Atlanta.  I specialize in working with Foreign Nationals.  Email me the property address, and I'll quote you:  [email protected]

@Damaris Sutton, @Joseph A Berrios - I have funding programs for PA, depending upon the city/zip code.  I can offer both fix/flip and permanent financing.  Please email me at [email protected]

****These programs are city/state specific*****

FEES per Loan:  5.5 origination points plus closing costs

On the Rehab:

• 90% of purchase plus 90% of rehab financed up to 65% of the ARV
• If you have a 650+ FICO with all bureaus, the LTV can be extended to 70% of ARV ($100k ARV minimum).
• For loans from $50k to $99,999, LTV is limited to 65% of ARV
• For loans sub $49,999, LTV is limited to 60% of ARV

"30 Year Rehab to Perm": Rate is 10% during rehab, then converts to perm once rehab is completed, with rate range of 6.5 to 8.25% fixed, depending upon Loan Amount/DSCR/Cash-Flow.

1. 3/1 ARM with 30 year AM - 6.25%

2. 15 year fixed at 6.75%, 15 year AM

3. 30 year fixed at 7.25%, 30 year AM

@Traci Pickett - everyone is correct with their feedback on this thread.  I'm also based in the ATL, and I'm a private money broker.  If/when you can get access to 10-15% cash down, I can assist with soft-money programs.  9-10% interest only loans.

I also have a Rehab-to-Perm loan is your intent is to rehab, buy and hold.

@Kiran K - email me.  We offer a Proof of Funds product, but there are limitations and particulars.  

Definitely going to try, thanks @Azeez K.