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.
Success Stories
WE’RE BAAAAACK… SMF CLOSES A $5,243,000 LOAN THAT PRESERVES AGAIN AN AFFORDABLE, EDERLY HOUSING COMMUNITY IN PA
In November, Sims Mortgage Funding, Inc. (SMF) closed a $5,243,000 HUD-insured refinancing loan for Majestic House, a 74-unit, age-restricted affordable community located in Tamaqua, PA.
SMF Does the Jersey Shore, Preserves Affordable Elderly Housing
Wesley by the Bay is an affordable senior housing community located in Ocean City, NJ and sponsored by the United Methodist Homes of New Jersey. The Project, consisting of four buildings, was built in the early 1980s with a high-interest rate HUD Section 202 Direct Loan.
SMF Completes Complex, Challenging, Construction Financing
After a recent string of closing refinancing loans for healthcare properties, affordable seniors housing, market-rate housing and a safety-net hospital, Sims Mortgage Funding successfully closed in February a $9,247,200 HUD-insured construction loan for The Monroe.
When Perfect is the Enemy of the Good
We’ve all heard that expression, generally given to mean taking too much time to make a choice between two alternatives, one good but the other, perfect! But, if you deliberate too much, you may miss out on both and have nothing to show for your deliberations.
SMF Uses Note Modification to Reduce California Hospital’s Interest Rate by 60%
Sims Mortgage Funding (SMF) and Parkview Community Hospital made history in 2011 when we closed the first-ever HUD-insured hospital refinancing loan under the Section 242/223(f)
Ten Years Later, SMF Tallies A Transactional Triple-Play for Affordable Elderly Housing Communities in Pennsylvania
Triple-plays are a rarity in major league baseball: since 1876, there have only been 723, for an average of about 5 per season.
SMF Uses Note Modification to Refinance Again an Affordable Elderly Housing Community in Brooklyn
Sims Mortgage Funding (SMF) recently served as Financial Advisor in connection with a $7,035,000 HUD-insured loan that closed in June for Marien-Heim of Sunset Park,
From the Jersey Meadowlands to the Bayou – Sims Mortgage Funding Has It Covered!
Although it is headquartered in New Jersey, Sims Mortgage Funding seems to have a second home in Louisiana – we have closed close to $530 million in HUD-insured loans in the Pelican State.
Sims Mortgage Funding Closes Small Loan… Big Things Follow for Missouri Affordable Housing Provider
Sims Mortgage Funding is pleased to announce that we closed in late September a $3,237,200 loan for Opportunities Pavilion (OP), an 81 unit affordable, Section 8 elderly property in Kansas City, Missouri.