All Forum Posts by: Simmy Ahluwalia
Simmy Ahluwalia has started 108 posts and replied 1383 times.
Post: Looking for Hard Money Lenders in Tampa
- Lender
- Atlanta, GA
- Posts 1,635
- Votes 192
@Miguel Oliviera - happy to quote you some terms - [email protected]
Post: NEED: Construction loan for Spec in Seattle
- Lender
- Atlanta, GA
- Posts 1,635
- Votes 192
@Vasili Ialanji - happy to work with you and provide you with a quote.
Post: 30 Year Rental Loans are Back!!! From 6.25% Fixed.....
- Lender
- Atlanta, GA
- Posts 1,635
- Votes 192
Please cut/paste the link to your browser....
Post: 30 Year Rental Loans are Back!!! From 6.25% Fixed.....
- Lender
- Atlanta, GA
- Posts 1,635
- Votes 192
Please CLICK the Link below to learn more.......
http://bitly.ws/8JSV
Post: Looking for cash out refinance lender
- Lender
- Atlanta, GA
- Posts 1,635
- Votes 192
@Aaron W. - we can do 65% on 90 days of title ownership. Minimum 680 FICO. Minimum property value of $100k. Must be rented or have lease in place. Rates start at 6.5% fixed; 30 year term.
Post: Foreign Nationals - Hard Money and 30 yr refi
- Lender
- Atlanta, GA
- Posts 1,635
- Votes 192
@Chris Vance - we can assist. The lending market has been impacted significantly with COVID, it's slowly coming back, but lending is still tight for U.S. citizens, and even tighter for Foreign Nationals. All that being said, we do have the funding resources, but LTV's will be much tighter. Let's review any scenarios first - [email protected]
Post: Looking for a private lending company for Single-Family Houses
- Lender
- Atlanta, GA
- Posts 1,635
- Votes 192
@Deb Bandyopadhyay - happy to quote: [email protected]
Post: Looking for Loan agent and property manager in Atlanta area
- Lender
- Atlanta, GA
- Posts 1,635
- Votes 192
@Charlton Ho - ATL based Lender - [email protected]; www.SimsCapital.biz
Post: My Refi got 'canceled' due to changes in pricing - who can close?
- Lender
- Atlanta, GA
- Posts 1,635
- Votes 192
@Matthew Mueller - what are the numbers on this transaction, and more importantly, what are your expectations?
Post: Looking for Mortgage Lenders in Seattle-Renton Area
- Lender
- Atlanta, GA
- Posts 1,635
- Votes 192
@Michael Haas - appreciate the feedback, but I'll also challenge it at the same time. It doesn't matter what part of the country one is in, as non-qm serves a purpose and a solid one at that. For those that "do not" qualify for QM (due to credit, DTI, not showing enough income on taxes, etc....), that's where our programs fit the bill.
Our "asset based" non-qm lending does NOT require tax returns, does NOT look at DTI, does NOT have geographic restrictions, does NOT have a Cap as to how many assets an investor can own (as most QM banks limit an investor to 10 properties).
For our 30 year product, I was quoting 5.5% fixed pre-COVID. We're obviously higher now, but should be back down within a few months. I'm still quoting high 5's, low 6's for a Blanket/Portfolio loan of Single Family Rentals.