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All Forum Posts by: Simmy Ahluwalia

Simmy Ahluwalia has started 107 posts and replied 1331 times.

Post: Townhome Development Approval!!!

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,574
  • Votes 185

Congrats!  No small feat.  Locked up financing yet?

Post: Six-Plex Purchase in Watertown, NY

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,574
  • Votes 185

@Michael Lee - How is the DP 25% if you are responsible for the 40%?

Post: How to analyze potential site for first commercial development?

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,574
  • Votes 185

@Robert Rose - agree with all of the above and also a Feasibility Study to gauge local demand.  We are ATL based and finance Owner-Occ new construction.  When you are ready, we are happy to review your loan scenario.  

Also, if you are able to secure LOI's with prospective retail/warehouse tenants, this always helps with the financing piece.

Post: General Contractors/Hard Money Lenders in Sedona

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,574
  • Votes 185

@Riyanka Saikia - happy to price/quote on the rehab and also the cash-out Refi.  Reach out.

Post: Lender for Self Storage Facilities

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,574
  • Votes 185

@Nixon C. - what city/state do you plan to invest in?  What price range are you looking for SS deals?

Post: Loan options for commercial retail property

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,574
  • Votes 185

@Sartaj G. - we do a good bit of Commercial CRE lending nationwide, both for owner-occupied and investor. Reach out and we can discuss your loan scenario.

Post: Seller won't accept offer with EasyStreetCapital. Why and what are the options?

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,574
  • Votes 185

@Yanina Panfilenka - that's unfortunate with ESC. I've closed several STR loans with them. If you are seeking a new lender/quote, we are happy to review your deal. We are also ATL based.

Also, is your DTI is high, then you have to Close in an LLC, you can't Close in your personal name.

Post: Looking for some advice on new build creative financing.

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,574
  • Votes 185

@Quentin RCollins - assuming this is a SFH SPEC build? If so, we finance SPEC builds on a regular basis, both single unit and multiple/subdivisions. Happy to chat and provide some guidance.

Post: Potential $3 Million Development Deal

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,574
  • Votes 185

@Eugene Neal - what city/state is this project in?

Post: Hard Money Lender for Manufactured Home

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,574
  • Votes 185

@Eric Davis - we can fund rehab for manufactured homes, but there are guidelines around this.  Please reach out and let's discuss.