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Sims Mortgage Funding

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) acquisition/refinance loans and Section 221(d)(4)
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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.
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Sims Mortgage Funding

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 Federal Register and there is
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Sims Mortgage Funding

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, but actually, it’s a restoration,
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Sims Mortgage Funding

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 Boomers, who typically want a
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Sims Mortgage Funding

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 new construction?  Well, that has
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Sims Mortgage Funding

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 higher leveraged, expanded opportunities for
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Sims Mortgage Funding

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) ratios and higher loan to cost/value (LTV/LTC) ratios
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Sims Mortgage Funding

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. 
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Sims Mortgage Funding

SMF: MORE THAN MORTGAGE BANKERS

It’s right there on our website, telling you who we are: Sims Mortgage Funding, Inc. originates, underwrites, and funds loans for healthcare and housing projects. We focus primarily on financings insured through Federal Housing Administration (FHA) programs…
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"Sims Mortgage Funding has been a trusted partner of Parkview Community Hospital since 2011, when they helped us refinance our short-term, high interest rate debt with a HUD-insured loan. They have a strong knowledge of HUD's programs and procedures, and were able to skillfully lead the hospital, architect and construction manager through a complicated financing process and to a successful closing."
Stephen PopkinCEO, Parkview Community Hospital Medical Center
"We really appreciate all the hard work Sims provided our organization. They helped us navigate through a complicated HUD financing process that resulted in considerable financial benefit to the project and to our elderly residents"
Steve GouldProperty Manager, Community Realty Manangement