LEAN Program Ends Year On A High Note
The HUD LEAN Section 232 mortgage insurance program for skilled nursing and assisted living/memory care facilities had a strong performance in Fiscal Year 2019, which ended on September 30. They
News
SMF Refinances Hawaii Skilled Nursing Facility, Interest Rate Reduced By 60%
The Project’s Sponsor owns four affordable housing properties in Pennsylvania and previously had turned to Sims Mortgage Funding to refinance two of them, on a “cash-out” basis.
HUD Financing Options – Fast And Faster
One of the many positive features of HUD-insured loans is that they have attractive interest rates, driven largely by the Federal Government backing and the ability to securitize the debt
Sims Mortgage Funding Does TPAs. What?
Originating and underwriting HUD-insured loans for multifamily and healthcare projects is Sims Mortgage Funding's primary activity, but sometimes our experience and success in that space leads us to other business
SMF Cashes Out for Affordable Housing Project in Pennsylvania
The Project’s Sponsor owns four affordable housing properties in Pennsylvania and previously had turned to Sims Mortgage Funding to refinance two of them, on a “cash-out” basis.
Good News from HUD Multifamily and Hospital Programs
HUD mortgage insurance covers a wide variety of real estate, ranging from multifamily housing to nursing homes and assisted living to acute care hospitals. Moreover, the programs cover construction, renovations,
Sims Mortgage Funding at the Quarter
SMF had a busy first quarter of 2019, as it added a new team member in late January and participated in national and regional lender conferences in February and March.
Sims Mortgage Funding Closes Hospital Expansion on New Year’s Eve
Baton Rouge General Medical Center (“BRGMC”) is a not-for-profit community hospital with 591 licensed beds. It wanted to expand its footprint by constructing a neighborhood hospital approximately 7 miles from
It Was an Interesting Year
There is a proverb of uncertain origin that says… may you live in interesting times. That was the case for Sims Mortgage Funding in 2018, as we closed loans across
A (Fiscal) Year-End Tale of Two Mortgage Insurance Programs
In a competitive lending landscape, the HUD Section 221(d)(4) program continues to be a robust, popular source of capital for new construction of multifamily rental housing.