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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 in the Andersonville neighborhood of
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Sims Mortgage Funding

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 need of repairs, capital improvements,
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Sims Mortgage Funding

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 development has led to new
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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 skilled nursing and rehabilitation facility
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Sims Mortgage Funding

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 know that you also could
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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 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