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All Forum Posts by: Simmy Ahluwalia

Simmy Ahluwalia has started 107 posts and replied 1332 times.

Post: Portfolio Lender in the .....

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,575
  • Votes 185

Michael, I'm from the Hattiesburg area.  USM baby!   I do have financing for TN and MS.  I'll need to check on Portfolio lending though....

Post: Unsecured Lines of Credit for Investors; Private Money for Flips; 30-Year Permanent Funding for Buy/Hold

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,575
  • Votes 185

One product that has been quite successful with the Investor community has been the ULOC. Yes, it's credit driven, and you can bring in a co-signer.

Minimum FICO is 700; lines range from $10k to $200k+; normal 0% APR for 6 to 12 months (hence, free capital); rates range from 8 to 15% after; this is a revolving line for as long as you need it. Lender takes 10% off the top as their Fee, plus success Fee of $495.

Think of this as if your credit-card has a limit of $25k, 50k, 100k, etc....

Private (both soft and hard) money available nationwide.  PM me for "state specific" rate/term.

30-Year Permanent Financing for:  Refinance for rehabs completed, Purchase of buy/hold, and also Acquire investment property,  Rehab, then Roll into 30-year, fixed rate/term.

No seasoning, and unlimited number of rentals (1-4 unit).

Portfolio Loans also available.....PM me for more specific details.

Post: Funding Needed

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,575
  • Votes 185

Shadonna, I'm happy to evaluate and see if I can fund your bridge loan.

Post: Funding for Melbourne, FL SFR flip

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,575
  • Votes 185

Pat, please email me for a quote.....

Post: Fast close needed for 2 Atlanta homes near Beltline

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,575
  • Votes 185

Heather, please add me to your Buyers list as well.  I'm licensed, but work with many investors along with brokering private money for RE deals.

Post: Chattanooga based tech entrepreneur seeks funding to jumpstart real estate portfolio

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,575
  • Votes 185

Great story Jacob!  If I can be a resource to you, please let me know.  I'm based in Atlanta and provide funding solutions not only in this territory , but nationwide.

Post: Private money lender needed

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,575
  • Votes 185

This is owner-occupied, sounds like a 3.5% FHA loan would be the best route.

Post: something just for the immigration status - EB5 investment

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,575
  • Votes 185

Thanks.  Wish I had a connection in China, but nothing wrong with cold-calling, but I don't speak Chinese:(

Post: something just for the immigration status - EB5 investment

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,575
  • Votes 185

Great post Daniel!  I too arrange EB-5 financing for projects.  We have a $48M Marriott in Atlanta that is seeking up to $16M in EB-5.  My challenge is sourcing the investors at this point....

Post: TURNKEY in Atlanta - SFH, Duplex, Quad from $45k to $168k

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,575
  • Votes 185

I have access to 10 off-market, tenanted properties ranging in sf from 854 sf to 1,964 sf (Quad).  Zip codes are:  30310, 30331, 30318, 30314, 30311.

Each is operating at a 12 cap

Any CASH Buyers?