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Housing Success Stories

32 Days After Submission To HUD Sims Mortgage Funding (SMF) Refinances 2 Multifamily Rental Properties In Louisiana Totaling $23.4 Million

“When you work with a mortgage banker for 15 years they become as much a part of your team as your architects, engineers and contractors. Sims has consistently delivered positive results and have closed deals […]
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Sims Mortgage Funding (SMF) Closes HUD-Insured Loan To Preserve Affordable Housing In New Jersey

“We really appreciated all of 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 Sponsor, Borrower and our elderly […]
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Sims Mortgage Funding (SMF) Recapitalizes Three Affordable Housing Projects In Minnesota With One HUD-Insured Loan

“We manage two HUD PRAC facilities and one Section 202 project. Our PRACs are 19 and 22 years old and have never been upgraded with new décor. Since borrowing funds to upgrade a PRAC is […]
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Sims Mortgage Funding (SMF) Closes $3,440,000 Loan For Recapitalization Of Elderly Affordable Housing In Frostburg, MD

“The Sims team provided strong leadership and technical expertise in assisting Diakon with very complex re-financing of Frostburg Heights, an older property in our affordable housing portfolio.  Despite numerous obstacles along the way, Sims was […]
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Sims Mortgage Funding Closes $20,677,900 Loan For Construction of Multifamily Rental Housing in Lafayette, LA

Partnered Right Vintage Realty Company was looking for financing for the Reserve at Couret Farms, a proposed 175-unit market-rate project to be located in a Traditional Neighborhood Development (TND) in an up-and-coming area of Lafayette. […]
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SMF Closes HUD-Insured Loan to Preserve Affordable Housing in New Jersey

Sims Mortgage Funding (SMF) recently closed an FHA-insured loan for the Shalom House, a 151-unit elderly project located in Ventnor, NJ. The Situation Shalom House was constructed in the early 1980s and financed with a […]
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SMF Closes $19,642,600 FHA-insured Loan in Lake Charles, LA.

Sims Mortgage Funding (SMF) recently closed a $19,642,600 FHA-insured loan to finance the construction of multifamily rental housing in metropolitan Lake Charles, LA. The Situation Belle Savanne Apartment Homes will be a 208-unit market-rate rental […]
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SMF Closes a $5,089,900 Loan That Preserves Affordable, Elderly Housing in Pennsylvania

Sims Mortgage Funding, Inc. (SMF) closed in August a $5,089,900 HUD-insured loan for St. Matthew Manor, a 58-unit, Section 202 elderly housing property located in West Philadelphia, PA. The Challenge St. Matthew Manor is sponsored […]
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