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
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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
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