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All Forum Posts by: Simmy Ahluwalia

Simmy Ahluwalia has started 107 posts and replied 1336 times.

Post: Looking for lending options for fix and flip!

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

@Chase Preston - where is the property located?

Post: Unlock High ROI with Atlanta Fix and Flip Opportunities

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

@Alvin Slate - we are ATL based. If you need another financing outlet, we can get to 100% of purchase/reno up to 70% of ARV.

Post: Mortgage Lendors Recommendation

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

@Rok Nrekaj - what are the numbers?  What is the purchase price?  Is the property tenanted?

Post: How Best to Connect with Land Developers in Atlanta?

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,579
  • Votes 186
Quote from @Ian Porter:

@Simmy Ahluwalia I'm a builder in Atlanta and I'm starting to delve into the spec build market. Can you send me some more info on your funding programs? 

 Hey Ian, just shot you a DM.

Post: Funding for 6 Unit Needed

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

DSCR for sure. Typically 30 year fixed on a 6-unit. Must cover dscr metrics.

Post: In need of immediate funding for DC Multi-Fam Project

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

@Marian Huish - 1st position?

Post: Seeking non-conventional investors/lenders in Atlanta, GA

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

@Faisal Q. - that would be us:)  ATL based and we fund flippers and buy/hold investors all of the time.  Reach out.

Post: Multifamily Purchase/Refinance from 5.5% Fixed. Minimum $10M Loan Amount.

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

STRONG Sponsorship required and Class A/B+ Assets only. Must DSCR > 1.25 (at underwritten rate). Prefer Southeast, but willing to look at Strong deals in gateway markets.

Post: Looking for self storage

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

Always coming across SS deals, both value add and stabilized.  Shoot me your Buy-Box.

Post: Credit is maxed out, need helping finding cash out

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

How will you pull cash-out if you have not yet improved the property and already turned into a 4/2?