Sims Mortgage Funding (SMF) and Parkview Community Hospital made history in 2011 when we closed the first-ever HUD-insured hospital refinancing loan under the Section 242/223(f) program. That loan refinanced Parkview’s high-interest rate and very short-term […]
Triple-plays are a rarity in major league baseball: since 1876, there have only been 723, for an average of about 5 per season.
We’ve all heard the expression the “Dog Days of Summer”. According to The Farmer’s Almanac, the term refers to the period July 3 through August 11 when the sun is closest to the star Sirius, part of the constellation Canis Major, or the Greater Dog.
Sims Mortgage Funding (SMF) recently served as Financial Advisor in connection with a $7,035,000 HUD-insured loan that closed in June for Marien-Heim of Sunset Park, a 169-unit, Section 8 elderly housing project sponsored by a […]
Although it is headquartered in New Jersey, Sims Mortgage Funding seems to have a second home in Louisiana – we have closed close to $530 million in HUD-insured loans in the Pelican State.
It has been just over one year since HUD waived its “three-year requirement” for multifamily projects to be eligible for mortgage insurance under the Section 223(f) refinancing and acquisition program. Prior to that, a multifamily […]
At first glance, that is an odd pairing, but stay with us, please. The Suez Canal was prominent in the news last week when a container ship became stuck, blocking the Canal and creating a […]
In golf it is called a mulligan. At the playground or school yard it is called a do-over. At the US Department of Housing and Urban Development (HUD) it is called an Operating Loss Loan […]