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All Forum Posts by: Simmy Ahluwalia

Simmy Ahluwalia has started 107 posts and replied 1338 times.

Post: Mortgage refinance cashout broker recommendations

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,582
  • Votes 188

We are based in Atlanta.......pls. reach out.

Post: refi for commercial property

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,582
  • Votes 188

Just adding rent bumps DO NOT increase the value of your property. It's great for cash-flow and DSCR, but "improving/adding value" to your property will force appreciation.

Post: MultiFamily Lenders Needed

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,582
  • Votes 188

Let's chat.  There are 30 year fixed loans available from 5 - 30 doors.

Post: Multifamily Construction Loan

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,582
  • Votes 188

Is this project in the Virgin Islands?

Post: DSCR rates in the 6's, hiring loan officers

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,582
  • Votes 188

Still don't work with Brokers, correct?

Post: Refinance High Interest SBA 7A Loans into a 504 (with real estate) - mid 6's rate

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,582
  • Votes 188

Do you have an SBA variable rate on your business/real estate?  If so, we can refinance into a 504 loan fixed rate saving you thousands of dollars, but it MUST be secured by real estate.  

[email protected]

Post: DSCR Multi Family Unit Question.

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,582
  • Votes 188

Yes. We can get up to 30 doors on a DSCR loan.

Post: Looking for advise for Cash out Refi lender in Tenn

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,582
  • Votes 188

Perfect for DSCR. Reach out for a quote.

Post: Is there agency debt for retail and other commercial properties?

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,582
  • Votes 188

There is. You'll need a minimum of 1.25x DSCR to qualify. There are minimum loan amount requirements as well.

Post: How to Lend Against an LLC?

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,582
  • Votes 188

Yes, LLC's are always best to hold title for investment properties. Forget Agency loans for investment deals. Use the funds from private banks for both purchase/reno and then DSCR to Refi out.