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All Forum Posts by: Simmy Ahluwalia

Simmy Ahluwalia has started 107 posts and replied 1321 times.

Post: Loan Type for 6 plex-building

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,564
  • Votes 184

@Quynh Tran - if you're still looking for quotes, let me know. DSCR will be very important here.

Post: PML for New Construction

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,564
  • Votes 184

@Cynthia Gomez - we may be able to use your flip experience, depending upon the extent of your rehabs and how long ago they were.

Also, credit, liquidity, land entitlements are all going to be very important.

Post: First time multi-family developer financing assistance. (New York City)

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,564
  • Votes 184

@Joshua Mitchell - financing shouldn't be an issue. The roadblocks are going to be your MF/Condo build experience and also liquidity (which I don't know what you have). Even though you've built a SFH and Church, it's not MF.

Will the GC JV with you on this deal (assuming this GC has a resume' of MF builds)?

Post: Lender for Florida villages purchase

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,564
  • Votes 184

@Bo A Vanecko - this is for your Primary residence purchase, correct?

Post: Which company to use for DSCR loan?

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,564
  • Votes 184

@Elvin Luccon - work with a broker like myself. We originate DSCR loans on behalf of 10-20 different dscr lenders.

Post: Commercial loans & Cap Rate for Multifamily

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,564
  • Votes 184

@Tadiwa Mangadze - we can help on the financing of the 8-unit.  You should located a Commercial Broker in your area to pull Comps for you to determine your offer price.  Cap rates vary by several factors.

Post: Looking for great lenders in Allentown PA

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,564
  • Votes 184

@Geoffrey Paugam - let's chat.  We can quote on your MR deals.  www.SimsCommercialloans.com

Post: 90% LTV DSCR Loan? $499,990 3 Units Generating $3,700/mo

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,564
  • Votes 184

@Brandon Sisco - get the seller to carry a 10% 2nd, and we can do the 80% 1st position.

Post: Private Money/Hard Money Salesperson

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,564
  • Votes 184

@Alyson Caffrey - I'm a broker based in Atlanta, and I originate many SPEC construction loans.  I'd like to know more about the software itself.

Post: Refinance investment property using Portfolio or Commercial Loan in Texas

Simmy Ahluwalia
Posted
  • Lender
  • Atlanta, GA
  • Posts 1,564
  • Votes 184

@Scott Bogue - Sounds very doable in your LLC. Reach out and we're happy to review and provide a quote.