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Healthcare Success Stories , News October 26, 2021

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 high-interest rate and very short-term […]
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Housing Success Stories , News September 21, 2021

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.
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Commentary , News August 17, 2021

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 closest to the star Sirius, part of the constellation Canis Major, or the Greater Dog.
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Housing Success Stories , News July 21, 2021

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 housing project sponsored by a […]
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Housing Success Stories , News June 23, 2021

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 the Pelican State.
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Commentary , News April 29, 2021

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.  Prior to that, a multifamily […]
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Commentary , News March 30, 2021

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 the Canal  and creating a […]
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Commentary , News January 21, 2021

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 called an Operating Loss Loan […]
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