From the Recently Closed File:

Bethel Apartments
  • Alexandria, LA
  • $2,307,000
  • 221(d)(4)
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HUDFHA SECTION 232/223(a)(7) - Lean Processing

Loans to refinance Skilled Nursing, Assisted Living or Specialized Use Facilities subject to existing FHA-insured loans
PROGRAM FEATURES >
 
About Us

Sims Mortgage Funding, Inc. (SMF) originates mortgage loans insured by the Federal Housing Administration (FHA) for healthcare, multifamily rental housing, senior housing and hospital projects. Established in 1984, SMF is a subsidiary of Herbert J. Sims & Co. (HJ Sims), a nationally- recognized investment banking firm that specializes in debt and equity financing for the senior living industry.

SMF is an approved lender under FHA’s: LEAN program for skilled nursing, assisted living and specialized use facilities; Multifamily Accelerated Processing (MAP) program for market-rate and subsidized rental housing; Office of Hospital Programs (OHP) for hospital transactions; and Traditional Application Processing (TAP) program for rental housing not covered under MAP. Through these programs, we originate, process, underwrite and fund loans for construction, rehabilitation, expansion, acquisition, and refinancing of existing debt.

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