Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Simmy Ahluwalia

Simmy Ahluwalia has started 107 posts and replied 1302 times.

Post: Cash out refinancing

Simmy Ahluwalia
Pro Member
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,545
  • Votes 180

@Shak F. - yes, as long as you have made improvements and can verify the new ARV via comps, we can cash-out now.

Post: Multifamily refinancing in Phoenix

Simmy Ahluwalia
Pro Member
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,545
  • Votes 180

@Rylan Lacey - let's stay in touch on this one.  We can certainly price this out for you, based on your Proforma.  Best case is a 30 year AM loan for now on investment properties.  40 year exists with Primary residences only.  5 year balloon under 7 is very doable; HOWEVER, since you're about 4-6 months out, who knows where rates are going to be, especially after the election.  I hope you plan to start advertising/listing the units for lease and start to secure deposits.

Post: looking for a lender who provide financing for an assisted living facility

Simmy Ahluwalia
Pro Member
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,545
  • Votes 180

@Charlene Livers - we can probably finance these ALF's via SBA financing.  

Post: Seeking Guidance: Best Banks for Commercial Loans for Canadian Citizens in the U.S.

Simmy Ahluwalia
Pro Member
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,545
  • Votes 180

@Ganesh Shan - Namaste!  We finance Foreign Nationals all of the time, and many from Canada who are investing in the U.S.  All of our lenders are private banks who specialize in financing Foreign Nationals.  Reach out and let's connect.

Post: Florida Land investors and Builders, lets connect!

Simmy Ahluwalia
Pro Member
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,545
  • Votes 180

@Justin Stamper - keep me posted with any larger land/subdivision opportunities for high-density/townhome product.  We work with several builders (smaller to regional) who are looking for lots to build.

Post: Cash out refi now at 70% LTV or season and wait to do 80% LTV?

Simmy Ahluwalia
Pro Member
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,545
  • Votes 180

@Levi Perl - we can cashout at 75 or 80% (based on your dscr) at any time (tenant ready).  Reach out if you want to discuss.

Post: Cash out Refi

Simmy Ahluwalia
Pro Member
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,545
  • Votes 180

@Raj Vardhan - we can Refinance your equity out as soon as the property is deemed "tenant ready".  Reach out and we can put some numbers together for you.

Post: Using a heloc to brrrr

Simmy Ahluwalia
Pro Member
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,545
  • Votes 180

@Trent Gulino - we can do a cash-out/Refi as soon as the rehab is complete and the property is "tenant ready". Reach out and we can put some numbers together for you.

Post: Traditional or a DCSR Loan for a 5+ multi family property

Simmy Ahluwalia
Pro Member
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,545
  • Votes 180

@Chaitanya Kasturi - we can quote you on this.  We just quoted an 8-unit in Toldeo Ohio.  Reach out and we can run some numbers for you.

Post: I am looking for a reliable loan broker

Simmy Ahluwalia
Pro Member
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,545
  • Votes 180

@Andrew W. Legoff - right here, happy to chat live and discuss.