When Perfect is the Enemy of the Good
We’ve all heard that expression, generally given to mean taking too much time to make a choice between two alternatives, one good but the other, perfect! But, if you deliberate
News
SMF Uses Note Modification to Reduce California Hospital’s Interest Rate by 60%
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
Ten Years Later, SMF Tallies A Transactional Triple-Play for Affordable Elderly Housing Communities in Pennsylvania
Triple-plays are a rarity in major league baseball: since 1876, there have only been 723, for an average of about 5 per season.
Dog Days of Summer = Positive HUD Program Developments
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
SMF Uses Note Modification to Refinance Again an Affordable Elderly Housing Community in Brooklyn
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
From the Jersey Meadowlands to the Bayou – Sims Mortgage Funding Has It Covered!
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
HUD’s Three-Year Waiver – One Year Later
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.
What Do The Suez Canal and HUD Multifamily Mortgage Insurance Have In Common?
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
Hospitals and Healthcare Facilities Eligible for New HUD Financing
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
2021 In Our Rear View Mirror