Vintage Realty Company purchased the development rights for Elan at Terra Bella, a proposed 178-unit market-rate project in a Traditional Neighborhood Development (TND) on the North Shore, one of the fastest-growing sections of the New Orleans metropolitan area.
If you ask five mortgage (or investment) bankers to define an affordable housing project, you’ll likely get ten different answers! It seems like just about every multifamily capital source, from state housing authorities to tax-credit […]
In last month’s edition, we asserted that one year and change after the 2016 election, under the new administration HUD’s multifamily and healthcare mortgage insurance platforms continued to function effectively. This month, we provide some […]
Sims Mortgage Funding (SMF) had a very good 2017 – here are some of our highlights: We closed loans for market-rate multifamily housing, affordable housing preservation, skilled nursing, and hospital projects in New Jersey, New […]
Recent legislative events in Washington DC relating to tax reform have made the upcoming holiday season a very challenging time for the capital markets. Whether these events will result in a “stocking stuffer” or the […]
“Sims’ knowledge and expertise in navigating with the HUD process, as well as, other governmental agencies and financial institutions has helped a great deal in reaching our designated goals for Notre Dame Apartments. We are […]
“We are pleased with the outcome of the HUD financing arranged by Sims Mortgage Funding. As a result of their efforts, our cost of capital was reduced almost in half, and we expect to save […]
“Sims Mortgage Funding has been a trusted partner of Parkview Community Hospital since 2011, when they helped us refinance our short-term, high interest rate debt with a HUD-insured loan. They recently guided us through another […]