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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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
APRIL IS ACRONYM MONTH (AIAM)
One of the trendier types of real estate these days are BTRs and SFRs. Wut? Build To Rental (BTRs) and Single Family Rentals (SFRs) are single-family homes and/or combinations of
THE MISSIONARY ELEMENT OF HUD FINANCING
In the 1980 classic movie, The Blues Brothers claimed they were on a mission from God. While it may not be as divinely-inspired as Jake’s and Elwood’s cause, HUD has
HUD Mortgage Insurance Volume in 2023
One word can summarize HUD’s 2023 mortgage insurance volume – meh! Here is a look at Fiscal Year (FY) 23, which ended on September 30.
CONGRESS PROPOSES WORKFORCE HOUSING TAX CREDIT PROGRAM
The space between affordable and market rate housing development can be a lonely one. Affordable projects can participate in tax-credit, supplemental grants, and Section 8 housing assistance programs; market rate
CHEERS! HUD’S NEW CNA FORMULA CHANGES CUT CLUTTER AND COMPLEXITY
HUD multifamily lenders, like most of our conventional lending colleagues, underwrite deals based on metrics like loan-to-cost (LTC), loan-to-value (LTV) and debt service coverage (DSC).
REFINANCING? WE DON’T NEED NO STINKING REFINANCING! OR DO YOU?
We borrowed – and slightly amended - that classic line from Blazing Saddles, and before that, The Treasure of the Sierra Madre, to make this point.
HELP US HELP YOU! TOP 10 THINGS WE NEED TO KNOW FOR EFFECTIVE DEAL SCREENING
HUD-insured multifamily construction loans offer terrific terms: 40 year amortization, high loan-to-cost ratios, low debt service coverage ratios and non-recourse provisions.
A Potpourri of HUD Program Ponderings