Last year was a good one.
Here are two bridge-to-HUD deals we would like to highlight.
Grace Manor at North Park
- Project is a 36 unit assisted living/memory care facility with 52 operational beds
- Closed – August 2025
- Loan amount – $9,631,400
RiverPointe Post-Acute
- Project is a 112-bed skilled nursing facility
- Closed – December 2025
- Loan amount – $13,210,600
- Days to HUD approval – 7 (Project qualified for HUD’s Express Lane)
Our business development has led to new multifamily clients for 2026, including:
- A market-rate, workforce-oriented development located in New England that opened in July 2025 and reached 100% occupancy shortly thereafter. It has an interest-only construction loan coming due in July 2027. Proceeds from the HUD-insured loan will repay that loan and provide a cash-out.
- A 139-unit affordable age-restricted rental community in the Midwest. It is located on a campus with separate assisted living/memory care and skilled nursing facilities, giving residents an opportunity to access services and age-in-place. Proceeds from the HUD-insured loan will prepay bank-held tax-exempt bonds and provide a cash-out.
…and new Bridge-to-HUD opportunities nationally.
- In October, Sims Mortgage Funding entered into an agreement with a major national healthcare and multifamily lender to provide HUD-insured financing to complement its bridge lending activities. We expect this relationship to provide a steady source of bridge-to-HUD loans in the future.
