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Browsing Category "Success Stories"

SMF Uses Lean Note Modification to Refinance New York Nursing Facility

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 […]
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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 $22.8 Million HUD Lean Portfolio Transaction

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 […]
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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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Making It Happen Through A Second Note Modification

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.
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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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SMF Refinances Two New York Health Care Facilities Through Lean

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 […]
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Making It Happen for Athena Healthcare

Sims Mortgage Funding recently closed $22,836,000 in FHA-insured loans under the Lean program that enabled a major New England health care provider to repay a bank loan, improve its future borrowing capacity, and secure needed working capital.
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