HUD OPENS AN EXPRESS LANE TO THE SECTION 221(d)(4) PROGRAM
HUD’s new Mortgagee Letter 2026-13 creates an Express Lane for FHA-insured Section 221(d)(4) new-construction financing for experienced Low Income Housing Tax Credit (LIHTC) developers and
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HUD HEARTS BTR!
HUD’s newly issued Mortgagee Letter 2016-12 extends FHA-insured financing to Build-to-Rent (BTR) communities, creating an exciting new opportunity to develop, acquire, and refinance rental properties
WINDFALL IN THE WINDY CITY FOR WINWOOD APARTMENTS
PARTNERED RIGHT ® Sims Mortgage Funding closed last month a modest but munificent HUD-insured loan for the Winwood Apartments, a 31-unit affordable elderly housing project
HUD’S HOLE IN ONE RECAPITALIZATION OPTION
Conventional wisdom is that it is difficult, if not almost impossible, to finance, with a single loan, the preservation of older, affordable housing communities in
SIMS MORTGAGE FUNDING 2025 IN REVIEW TRAFFIC NOW FLOWING ON THE BRIDGE TO HUD
Last year was a good one. Here are two bridge-to-HUD deals we would like to highlight. Grace Manor at North Park RiverPointe Post-Acute Our business
SIMS MORTGAGE FUNDING GETS DEAL APPROVED BY HUD IN 7 DAYS AND CLOSES OUT 2025 ON A WINNING NOTE
PARTNERED RIGHT ® Sims Mortgage Funding ended 2025 on a high note when it closed in December a Bridge-to-HUD transaction for RiverPointe Post-Acute, a 112-bed
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
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