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All Forum Posts by: Simmy Ahluwalia

Simmy Ahluwalia has started 108 posts and replied 1383 times.

Post: Multi-Family Lender that Accepts Seller Held 2nd

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,635
  • Votes 192

@Cass Lowrie - is this a stabilized purchase or value-add (i.e. needing improvements)?

Post: CRE Lender in WNY that has worked with Canadians?

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,635
  • Votes 192

@Ron Kumara - we originate for private banks nationwide, and have several that work with Foreign Nationals.

[email protected]

Post: SFR 30 Year Fixed Loan - Purchase or Cash-Out Refinance

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,635
  • Votes 192

@Jeffrey Klawitter - got it, thanks.  So, you really aren't the target market for my post or our services.  Most Investors on this site can't show Tax Returns, Pay Stubs, Bank Statements, etc....thus, if you clicked the link, our funding services are "No tax returns, No bank statements, and No proof of income".  

Most investors are 1099 and always show a Loss on their returns, thus making them "not bankable" with traditional banks.  In addition, most traditional banks limit the number of investment rentals to 10, per client, due to Debt-to-Income requirements.

Our private funding has NO debt-to-income requirements, thus our Investors can own 50, 100, 2000+ rentals, as we underwrite the performance of the Asset only.  

Hence, our rates are a little higher, but still very good.  

Post: SFR 30 Year Fixed Loan - Purchase or Cash-Out Refinance

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,635
  • Votes 192

@Jeffrey Klawitter - Good rates.  Did you go FULL DOC (tax returns, bank statements, PFS, etc....) underwriting on these properties?

Post: SFR 30 Year Fixed Loan - Purchase or Cash-Out Refinance

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,635
  • Votes 192

@Brett Tvenge - I'm happy to quote you, but start at mid 5's

Post: SFR 30 Year Fixed Loan - Purchase or Cash-Out Refinance

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,635
  • Votes 192

@Brett Tvenge Yup!  3 months title seasoning to get 70-75 C/O

Minimum FICO is 650 for the entire program (720 will get you 75% c/o)

Post: SFR 30 Year Fixed Loan - Purchase or Cash-Out Refinance

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,635
  • Votes 192

CLICK the link to learn more:  

SFR 30 Year Term Loan Details


Post: Loan in Alabama for Real Estate Portfolio

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,635
  • Votes 192

@Monica Dailey - if you're still seeking funds, I can definitely look at this deal:  [email protected]

Post: Looking for Private or Hard Money for BRRRR deals/flips

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,635
  • Votes 192

@David M. - happy to quote on ARV / Debt deals - [email protected]

Post: Seeking Cash-Out Refinance of Rental Property - Las Vegas, NV

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,635
  • Votes 192

@Damon Wong - we can probably assist.  If you want to go "Stated Income" - [email protected]