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Multifamily Housing

Accessing capital—when you need it—at the most favorable rates. Reducing debt service payments or converting short-term debt into a long-term, fully amortizing loan. In the multifamily housing industry, these are critical to overall operations. That’s why clients turn to SMF to meet their financing needs—for construction, renovations, expansion, acquisitions, or refinancing.

With collectively over 100 years of experience with HUD programs, SMF understands every aspect of HUD-insured loan programs and underwriting requirements. Plus our relationship with HJ Sims gives us an inside track to non-HUD solutions.

As an originator, processor, underwriter, and funder of loans for housing projects, we take a hands-on approach with every client. Our technical expertise ensures a nimble, efficient process where promises are kept, expectations are managed, decisions are optimized, and even the most complicated deals are done right, on time.

FINANCING SOLUTIONS FOR YOUR MULTIFAMILY HOUSING PROJECT. 

WE MAKE IT HAPPEN.

LEARN ABOUT OUR MOST RECENT FINANCING SOLUTIONS

Map Programs for Multifamily Housing

Multifamily Accelerated Processing (MAP) loans for multifamily projects offer great terms:  80% – 90% loan-to-value, 1.11 to 1.17 debt service coverage, non-recourse provisions and up to 40-year, fully amortizing terms.  With more than 100 years of collective hands-on experience with HUD, the SMF team understands every aspect of the MAP loan programs and underwriting requirements. Whether you are looking to recapitalize, construct, rehabilitate, refinance, purchase, expand, or renovate, we can help you find the MAP program to make it happen.

MAP, or Multifamily Accelerated Processing, is a streamlined method and set of national standards for approved lenders to prepare, process, and submit loan applications for HUD multifamily financing. To be approved for MAP, all underwriters employed by a lender must attend a specialized HUD training session.

Recapitalization

Construction or Substantial Rehabilitation

  • HUD Section 221(d)(4) Loans to construct or substantially rehabilitate “Assisted”, “Affordable” and “Market Rate” multifamily rental housing.

Refinancing 

Purchasing or Refinancing

  • HUD Section 223(f) Loans to purchase or refinance “Assisted”, “Affordable” and “Market Rate” multifamily rental housing.

Expansion or Renovation

why work with sims mortgage funding

We are industry thought leaders 
The Sims Mortgage Funding team has collectively over 100 years of experience with HUD programs. We are known and respected by our peers in the industry. We serve on committees of national trade groups that help HUD establish policies. We also have access to senior people at HUD. We talk to them about policy one day; then about projects the next. And our clients reap the benefits.

Our entire organization is client focused
HUD-insured financing is a complex activity. We provide borrowers with superior personal service, and take a hands-on approach to every project. We know how to work through the inevitable issues and hiccups and get the best deal for our clients. And because we understand the best deal is one that gets closed quickly, we don’t promise things that can’t be delivered.