FHA-Insured Financing for Healthcare and Housing
We Make It Happen
WE MAKE IT HAPPEN FOR THE BELLE SAVANNE APARTMENT HOMES
By helping the Belle Savanne Apartment Homes in Lake Charles, LA to finance the construction of multifamily rental housing that will be oriented towards a growing workforce in the construction, petrochemical, transportation and energy sectors, Sims Mortgage Funding was able to help the facility:
- Obtain a loan of $19,642,6000
- Underwrite the loan at 83.3% of the estimated replacement cost
- Navigate a complex Development Agreement preventing several months delay and interest rate risk
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HOW WE MAKE IT HAPPEN
BEST OF BOTH WORLDS
We are champions of the benefits and opportunities that HUD/FHA programs offer our clients. Yet we realize that this approach does not meet every project’s needs. Through our affiliation with HJ Sims, we are able to deliver a complete range of financing solutions – both taxable and tax-exempt.
PROVEN HUD/FHA Experts
With more than 30 years of hands-on experience working with HUD, we understand every aspect of FHA-insured financing. This ensures a nimble, efficient process where promises are kept, expectations are managed, decisions are optimized, and even the most complicated deals are done right and on time.
INDUSTRY THOUGHT LEADERS
We are known and respected by our peers in the industry. We serve on committees that establish HUD policies and have access to senior HUD people. We talk to them about policy one day; then about projects the next. And our clients reap the benefits.
We’ve developed a tried-and-true process that works, so we know how to work through the inevitable issues and hiccups and get the best deal for our clients. And because we understand the best deal is one that gets closed quickly, we don’t promise things that can’t be delivered.