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Browsing Category "Housing Success Stories"

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 able to positively influence efforts […]
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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. Structured Right SMF obtained key […]
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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 HUD Section 202 Direct Loan. […]
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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 property oriented towards a growing […]
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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 by the St. Matthew African […]
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SMF Closes a $3,240,000 Loan That Preserves Affordable, Elderly Housing in Pennsylvania

Sims Mortgage Funding, Inc. (SMF) closed in November a $3,240,000 HUD-insured recapitalization loan for McDade – Chichilla Apartments, a 90-unit, age-restricted rental property located in Olyphant, PA. It has a Section 8 Housing Assistance Rental Contract that runs for 20 […]
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SMF Closes a $1,800,000 Loan That Preserves Affordable, Elderly Housing in Michigan

Sims Mortgage Funding, Inc. (SMF) closed in September a $1,800,000 HUD-insured Section 223(f) loan for the AuSable Valley Apartments, a Section 202 elderly project located in Fairview, MI. AuSable is owned and managed by Wellspring Lutheran Services, a not-for-profit organization […]
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SMF Starts 2014 With Arkansas Apartment Financing Below 4%

Sims Mortgage Funding quickly got off to a good started for 2014 when it closed in January a $13,360,000 FHA-insured loan for The Grove at Pleasant Valley, a market-rate multifamily apartment community located in Little Rock, AR.
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Making It Happen in Workforce Housing

Sims Mortgage Funding closed a $15,560,000 FHA-insured loan in 120 days to facilitate new construction of multifamily rental housing as part of a master planned community in Shreveport, Louisiana.
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