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 (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 […]
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 […]
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 […]
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 […]
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 […]
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 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.
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 […]
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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