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All Forum Posts by: Simmy Ahluwalia

Simmy Ahluwalia has started 108 posts and replied 1383 times.

Post: Seeking Builders for SPEC Financing in: TN, GA, SC, NC, and FL

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

If you are a SPEC builder, whether it's individual homes and/or Small/Large Subdivisions, we have up to $50M to deploy.  Would "prefer" fully entitled sites, but not mandatory.  

Obviously, targeting very experienced and capitalized Sponsors.  Can also fund New Construction for Commercial Assets.

Contact:  [email protected]

Post: Atlanta Cash Flow Properties

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

@Shyam Panchal - All good and valid points; however, markets like Tucker, Lawrenceville, Villa Rica, Stone Mountain, Lithonia and Douglasville are all desirable OTP areas for middle-income family home owners/renters.  Subsequently, good rental markets with decent priced homes - some may even find assets following the 1% rule.  

Post: Commercial loan for refinance?

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

@Matt F. - we can help with the refinance of the $85k property, depending upon the cash-flow and debt owed.  You can email us at:  [email protected]

Post: Atlanta Contractor new to Bigger Pockets

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

@Christopher Morgan - please email me your contact info, experience/track record, pictures of completed projects, etc....I lend to many investors who are always seeking GOOD GC's 

[email protected]

Post: Private Lenders Wanted For 60-80% LTV For Commercial Opportunity

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

@Christopher Winkler - if you're looking for a 1st mortgage on these assets, we can help, that is assuming you'll have the down-payment for the balance of the LTV? [email protected]

Post: Need Lender for Multifamily 79 Unit at 84% occupancy

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

@Sara S Jung - it really comes down to DSCR. If the asset debt-services with the existing 85% occupancy, then you're looking at 30-year AM rates in the 6's, low 7's. Definitely not Agency.

However, if you use an I/O bridge loan, you can make whatever improvements you need to, increase the occupancy to 90%+, maybe increase rents....and then, you can refi into Agency debt.

[email protected]

Post: Looking for Refinance on a condo titled in an LLC

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

@Adam Guiffrida - happy to take a look at your refinance.  We're a national commercial brokerage, thus we work with 50+ private banks nationwide.  Only 30 days of title seasoning (which sounds like you have), then we can cash-out/refinance.  Email:  [email protected]

Post: Wanted: Portfolio Lender Operating in WV & VA

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

@Nate Bell - we're a commercial brokerage shop and have access to 50+ private banks for nationwide lending.  So, keep us in mind if you don't find anything local to WV - [email protected]

Post: 2020: Seeking Buyers for Duplex, Triplex, Quad, 5+ in Atlanta, GA

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

Hello,

In addition to financing, we are also a licensed real-estate brokerage in Georgia.

Looking for DIRECT Buyers who want Investmest Property in Georgia for 2020.

Contact:  [email protected]

Post: Private money Funding Needed for BRRRR Michigan BUY AND HOLD

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

@Jene Goshay - happy to quote:  [email protected]