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All Forum Posts by: Simmy Ahluwalia

Simmy Ahluwalia has started 107 posts and replied 1336 times.

Post: NEW Line of Credit for SEASONED Flippers Nationwide

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,579
  • Votes 186

Hi Mark, as of "yet", no.  Working on it.....most likely mid-late June.  Stay in touch.

Post: Mortgage Broker - Commercial Real Estate

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,579
  • Votes 186

Ray, I'm happy to look at your deal.  Is the space free-standing?  Is there a tenant in place?  How much debt do you owe, and what are your current terms?  Feel free to email me, and we'll see how viable the c/o refi would be.

Post: Seeking Qualified Investors for the Atlanta-Metro Market (Residential and Commercial)

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,579
  • Votes 186

@Margaret B.  shoot me an email with your price range, deal specifics, location, etc....

@david Begley, please do the same......

Post: NEW Line of Credit for SEASONED Flippers Nationwide

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,579
  • Votes 186

Here are the terms:

  • $1.5 MM Line or higher, 12 month draw, Non-Recourse Loan
  • 640 Minimum Credit score
  • Active partner (minimum of 10 transactions in the last 12 months)
  • No Bankruptcies, no Felonies, No Foreclosures on Investment properties in last 6 years
  • Rate is 10% I/O, 3.5 points
  • Lesser of 75% LTV or 85% LTC, Rehab funds max out at 35%
  • Post: Need Private money or deal partner

    Simmy Ahluwalia
    Posted
    • Lender
    • Atlanta, GA
    • Posts 1,579
    • Votes 186

    Sandy, email me, I can get a 3 or 5 year fixed on this product.

    Post: Seeking Qualified Investors for the Atlanta-Metro Market (Residential and Commercial)

    Simmy Ahluwalia
    Posted
    • Lender
    • Atlanta, GA
    • Posts 1,579
    • Votes 186

    I have access to wholesale SFH properties for fix n flip, turnkey rentals, stabilized multi-family, stabilized Economy/Limited Service hotels, Spec construction, JV projects, and more.....please email me with interest and/or buy-side criteria.

    Post: Need Funding

    Simmy Ahluwalia
    Posted
    • Lender
    • Atlanta, GA
    • Posts 1,579
    • Votes 186

    David, I can assist with both.  Please email me with your loan scenarios.

    Post: 1.07 Acre Zoned Commercial in Cumming, GA - Off Market

    Simmy Ahluwalia
    Posted
    • Lender
    • Atlanta, GA
    • Posts 1,579
    • Votes 186

    2376 Bethelview Road, Cumming, 30040

    Highlights:

    • 156 ft. road frontage on Bethelview Rd
    • Across st. from Kroger shopping center, with several other retail/fast-food neighbors
    • DOT plans to expand Bethelview Road into 4-lane highway
    • Gently rolling Topo
    • Ideal for QSR, Office, Retail/Strip Center
    • Offered aggressively at $600k, neighbor has similar listed at $750k

    Post: Private money lenders for Real Estate Investors

    Simmy Ahluwalia
    Posted
    • Lender
    • Atlanta, GA
    • Posts 1,579
    • Votes 186

    Jeffery, I can assist:)  Look at my profile....

    Post: Unsecured Lines of Credit to $200k - Great for Investors!!

    Simmy Ahluwalia
    Posted
    • Lender
    • Atlanta, GA
    • Posts 1,579
    • Votes 186

    Hello Gang!

    So, I offer a MYRIAD of Private Financial products for virtually any need, but obviously here for the real-estate industry.  One product that has been quite successful with the Investor community has been the ULC.  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.

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

    Some other great products are permanent financing for rentals, business rate/term loans, asset based financing, and all types of commercial both hard money and permanent.

    Feel free to PM me with any questions and/or deal scenarios.