HEALTHCARE REFINANCING PROGRAM NOW CAN INCLUDE MORE REPAIRS
The Section 232/223(f) program has been an outstanding vehicle to refinance or acquire existing skilled nursing, assisted living and memory care communities. But did you
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LOWER INSURANCE PREMIUMS INCREASE BORROWING CAPACITY
Effective today, HUD has reduced mortgage insurance premiums (MIPs) across the board for their multifamily mortgage insurance programs to .25%. MIPs for market-rate Section 223(f)
SIMS MORTGAGE FUNDING CLEARS TRAFFIC ON THE BRIDGE-TO-HUD
Sims Mortgage Funding recently completed a Bridge-to-HUD transaction when it successfully refinanced Grace Manor at North Park at the end of August.
MAKING HUD GREAT AGAIN
Last week, HUD announced that it is lowering multifamily mortgage insurance premiums (MIPs) to .25% across all programs. HUD has published a notice in the
MEET THE NEW POLICY…..SAME AS THE OLD POLICY
You may recently have heard that HUD has a new policy regarding the inclusion of repairs in Section 232/223(f) insured loans. This is a new,
AA COMMUNITIES THE HUD WAY
Active adult communities have become one of the fastest growing sectors of the senior housing industry. Growth has been fueled by increasing demand from Baby
SECTION 232 REDUX
HUD’s Section 232 mortgage insurance program is an excellent, tried-and-true option for refinancing existing skilled nursing, assisted living and memory care properties. Section 232 for
SIMS MORTGAGE FUNDING 2024 YEAR IN REVIEW
It was a very good year for business development as we added the following new projects to our deal pipeline: Our consulting successes led to
LOWER DSC AND HIGHER LTC AND LTV = MORE $$$
Happy New Year! We’re off to a great start in 2025. HUD just made it official with two recent announcements: we now have lower debt service coverage (DSC)
HOW TO INCREASE CASH FLOW WITH MUTM
For owners and managers of affordable housing projects with Section 8 rental assistance, to paraphrase Dickens, it is the best of times and it is the worst of times.