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.
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 the main campus.
Artis Senior Living, a developer/owner/operator of assisted living residences, wanted to leverage the considerable equity it had built up in one of its memory care facilities in the Washington, DC metropolitan area.
“We are pleased with the outcome of the HUD financing arranged by Sims Mortgage Funding. As a result of their efforts, our cost of capital was reduced almost in half, and we expect to save approximately $130,000 annually in debt […]
“Sims Mortgage Funding has been a trusted partner of Parkview Community Hospital since 2011, when they helped us refinance our short-term, high interest rate debt with a HUD-insured loan. They recently guided us through another HUD-insured financing for the expansion […]
Partnered Right Athena Health Care Systems successfully refinanced two skilled nursing homes it acquired with bank debt in 2013 and 2014. Structured Right The two new loans were incorporated into an existing Master Lease that covered two other Athena nursing […]
Sims Mortgage Funding (SMF) recently served as Financial Advisor in connection with a $13,656,333 FHA-insured loan for the Island Nursing and Rehabilitation Center, a 120-bed facility located in Holtzville, NY. The Situation Island has been a client of SMF for […]
Sims Mortgage Funding recently closed $22,836,000 in HUD-insured loans under the Lean program that enabled a major New England health care provider to repay a bank loan it incurred in connection with its acquisition in 2011 of two nursing homes […]
How a single FHA-insured mortgage note originated by SMF in 1991 produced three separate transactions and created value savings for the client that exceeded transaction costs 23 times.
Sims Mortgage Funding, Inc. ended 2013 on a high note when in the last week of the year it closed $23,239,700 in FHA-insured loans processed under the Lean program that refinanced two health care facilities located in Orange County, New […]