A Potpourri of HUD Program Ponderings
Here are several of our observations on recent HUD matters that we’d like to share.
We make it happen
When you partner with Sims Mortgage Funding, you get proven HUD expertise, combined with technical proficiency and personalized service. We deliver client-centric financing solutions that meet your specific needs in a timely manner.
Our focus markets
MULTI-FAMILY HOUSING
Whether your project qualifies for Multifamily Accelerated Processing (MAP) or requires a non-HUD financing solution, Sims Mortgage Funding can help you to quickly access affordable capital at very attractive terms.
HEALTHCARE
Need capital for a skilled nursing, assisted living, or memory care facility? Sims Mortgage Funding will help you find the financing that makes sense for your project including bridge-to-HUD options.
HOSPITALS
We can find financing for your hospital facility no matter if it’s a large teaching institution to a small rural critical access hospital. Whether you are renovating, expanding, modernizing, refinancing or acquiring, we have the right program for you.
RECENT FINANCING SOLUTIONS
LILIHA HEALTHCARE CENTER
Honolulu, HI
NAAMANS CREEK COUNTRY MANOR
Garnet Valley, PA
PARKVIEW COMMUNITY HOSPITAL MEDICAL CENTER
Riverside, CA
ELAN AT TERRA BELLA
Covington, LA
THE MONROE
Lafayette, LA
MARIEN-HEIM OF SUNSET PARK
Brooklyn, NY
SIMS MORTGAGE FUNDING NEWS
CHEERS! HUD’S NEW CNA FORMULA CHANGES CUT CLUTTER AND COMPLEXITY
HUD multifamily lenders, like most of our conventional lending colleagues, underwrite deals based on metrics like loan-to-cost (LTC), loan-to-value (LTV) and debt service coverage (DSC).
REFINANCING? WE DON’T NEED NO STINKING REFINANCING! OR DO YOU?
We borrowed – and slightly amended – that classic line from Blazing Saddles, and before that, The Treasure of the Sierra Madre, to make this point.
DAVID WHO?
We’re pleased to bring back our “Top 10” segment, but in the interest of reaching a younger demographic, we’ve eliminated the reference to the former late-night talk show host in our lead.