All Forum Posts by: Simmy Ahluwalia

Hi Jenny, yes, 30 year fixed loans for Multifamily are certainly available, and it depends upon the total number of doors.  If you have a particular scenario on mind, we can chat about it.

Depends upon if you are a newbie or experienced and your credit. But generally, 70% of ARV. Your purchase and rehab should fit within this model. You'll need at least 15-20% down if you are a newbie.

@Donovan Swain - yes, even 80% is available on purchase, if it meets the DSCR metrics and you have the credit scores. Reach out if you'd like for us to quote.

@Charles Burgess - reach out.  We work with several syndication groups that are well established.

Yes, you can go DSCR or Conventional on this. Your DSCR ratio and the purchase price will dictate the terms.

Hi.  This is what we do, and can certainly help here.  We can provide cash-out refi quotes for the free/clear properties and for 30 year fixed loans.  Contact info is below:

How much are you seeking?  Have you considered SBA?

No, private banking.  Reach out to chat more.  

Got it.  For just $60k-ish, you should opt for an Unsecured Line of Credit.  A lot of my investors use this for down-payment, materials, expenses, etc....it's 100% credit score and credit history based.  

Hi @Jerryian Francois - what do you mean by, "conversion"? If they are tenanted properties already, then the only items you will need will be furnishings, correct? Or, do the properties need cosmetic/renovation work to make them more appealing to STR customers?