All Forum Posts by: Simmy Ahluwalia

@Trent Stone - we can lend at 70% of ARV in Indy. [email protected]

@Garrett Blanchard - happy to look at your deal:  [email protected]

We are a nationwide Commercial & Hard Money Brokerage Shop based in Atlanta, GA.  We represent well over 50 private banks.  If you have a funding scenario, we are happy to look at it.  We can secure funds from $50k to $300M.

Email:  [email protected]

Website:  www.SimsCapital.biz

@Harry Harrell - we're ATL based.  Happy to look at your deal:  [email protected]

@Mark Feaver - if you decide to go the HML route, we can help. But, based on the above, I would form an LLC with each of your partners and decide upon the % of ownership in your Operating Agreement. With the $40k liquid, that increases your buying power while allowing you to have reserves in your account during the rehab process.

In your number-crunching, figure about 20%-ish for down-payment and interest carry. This would be 20% LTC (loan to cost) - purchase plus rehab. If you all three have good credit, figure your numbers at 70% of ARV.

@Ricky Joseph - we're a commercial brokerage shop, and we can originate 30-day title seasoning c/o refinances.  We work with private banks, not traditional banks.  Our fees and rates will be a little higher than traditional banks, though.  However, we can provide 30 year term notes as well.

@Rich Hupper - we can help here.  We have a 30-day title seasoning policy, but by the time you close, that will be a moot point.  Happy to quote - [email protected]

@Michael Iacono - good luck to ya, but 75-80% leverage is what you can expect for 2 reasons:  a) new investor and b) out of state investor.  

Also, there is VERY LIMITED leverage above 80%, if at all, nationwide for 1-4, or 5+ investments.

@David Edwards - happy to take a look and quote:  [email protected]

@Ernest Alexander - We have a blanket program with a minimum property value of $60k.  If any fit this scenario, we're happy to look at it.  We can also look at your multi-family deals - [email protected]