Sims Mortgage Funding (SMF) Recapitalizes Three Affordable Housing Projects In Minnesota With One HUD-Insured Loan
“We manage two HUD PRAC facilities and one Section 202 project. Our PRACs are 19 and 22 years old and have never been upgraded with
popert
Sims Mortgage Funding (SMF) Closes $3,440,000 Loan For Recapitalization Of Elderly Affordable Housing In Frostburg, MD
“The Sims team provided strong leadership and technical expertise in assisting Diakon with very complex re-financing of Frostburg Heights, an older property in our affordable
New LEAN Handbook Finalized, This Time for Good
The new LEAN Healthcare Handbook became effective January 19. HUD issued a draft last May, finalized it in December, but then quickly pulled it back
A Quick Look Back on 2016 and a Peek at 2017
Sims Mortgage Funding had a very good 2016. We stayed active in all of HUD’s major mortgage insurance programs, closing loans in Rhode Island, Louisiana
Sims Mortgage Funding Closes $20,677,900 Loan For Construction of Multifamily Rental Housing in Lafayette, LA
Partnered Right Vintage Realty Company was looking for financing for the Reserve at Couret Farms, a proposed 175-unit market-rate project to be located in a
Random Thoughts from Sims Mortgage Funding
We are pleased to introduce a new segment to our Constant Contact mailings – Random Thoughts from Sims Mortgage Funding. Random Thoughts will cover diverse,
Sims Mortgage Funding Participates in National LEAN Healthcare and Affordable Housing Conferences
In June and July, Sims Mortgage Funding participated in national conferences that highlighted two of HUD’s most important initiatives: healthcare lending under the LEAN Section
Sims Mortgage Funding Closes $19,873,000 For Two Hud-Insured Lean Loans To Recapitalize Skilled Nursing Homes In Rhode Island
Partnered Right Athena Health Care Systems successfully refinanced two skilled nursing homes it acquired with bank debt in 2013 and 2014. Structured Right The two
Move Over Multifamily Housing – Here Comes the New LEAN Handbook!
Regular readers of the Capital Market Update might have noticed that recent articles on HUD were about improvements to the multifamily mortgage insurance programs, such
Three Things You Should Know About HUD’s Section 241 Program
HUD mortgage insurance has become very popular over the past several years. This has been driven by historically low interest rates, which continue to remain