All Forum Posts by: Simmy Ahluwalia

@Charles Worth Between 3-4 points

Looking for Buy/Hold Investors

100% occupied

Built in 2001

Monthly rental income of $3,100

Asking:  $329k

NO income requirements and NO cash reserves!

Loans from $75k to $2M

Min FICO of 640

70-75% LTV

No FC in 2 years and No BK in 3 years

Offered in:  CO, TX, WA, FL, SC, TN, GA, IL, MD, MI, MO, OH

@Nayeem Amin, happy to also be a resource and help out.  Feel free to email me:  [email protected]

Simmy

Damion,

If you source any buyers, I can offer Portfolio financing to them for acquisition.  Also, I specialize in EB-5, and unfortunately, this type of RE purchase won't qualify.  Not to be a debbie-downer:)

I can do:

65% of ARV (you bring 20% cash down)

4 points origination

12% I/O

6-9 month term

Two new programs:

1. 6.5%, 3/1 ARM (30 yr AM)

2.  7.25%, 30 yr term

3.  5.5 Origination Points

Requirements:

1.  Minimum seasoning of property ownership for 1 year

2.  Minimum 650 FICO

3.  Minimum Loan Amount of $100k

Justin, what's the back-story?  Why is it half-way completed?  Is this complex approved for Section 8 already?  What about non-Section 8 tenants?

Simmy

@Ben Bard - shoot me an email as well.  Currently working with a couple of PA investors....

Hello Lu, would love to chat about your funding needs. I too can provide blanket loans on 2+ properties along with cash-out refinance. I'm currently working with an investor who owns 5 SFH in Vegas, and we're doing a 65% c/o refinance of his properties.