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Sims Mortgage Funding

Sims Mortgage Funding Closes Small Loan… Big Things Follow for Missouri Affordable Housing Provider

Sims Mortgage Funding is pleased to announce that we closed in late September a $3,237,200 loan for Opportunities Pavilion (OP), an 81 unit affordable, Section 8 elderly property in Kansas
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Sims Mortgage Funding

Yogi Berra, Capital Markets Commentator?

Yogi Berra, baseball Hall-of-Famer and sometime philosopher, is said to have once remarked, “it’s déjà vu all over again”. If Yogi was alive today and made that comment, he could
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Sims Mortgage Funding

How to Repurpose Aging Senior Living Facilities to Affordable Senior Housing – Part 3

In this final Part 3, we close out the series, and the capital stack, by discussing debt financing structures.
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Sims Mortgage Funding

How to Repurpose Aging Senior Living Facilities to Affordable Senior Housing – Part 2

One of the major challenges to the development of affordable housing is that there is typically a large gap between the costs of the project and the amount of financing
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Sims Mortgage Funding

How To Repurpose Aging Senior Living Facilities To Affordable Senior Housing

Older senior housing communities, in particular skilled nursing facilities, face numerous financial and operational challenges.
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Sims Mortgage Funding

Doing HUD Business During a Pandemic – Part II

The economic dislocation in general wrought by the COVID-19 pandemic and its singularly devastating effects on senior citizens in particular has posed multiple challenges for owners and operators of multifamily
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Sims Mortgage Funding

Doing HUD Business During a Pandemic

The COVID-19 virus is having a profound impact on the nation, temporarily, but dramatically, affecting how we live and work. The virus is roiling the capital markets, and policies imposed
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Sims Mortgage Funding

BREAKING NEWS: HUD Has Eliminated Waiting Time for Newly Constructed/Rehabbed Properties

Like Prohibition, and more recently, bell-bottom jeans and eight-track music cassettes, HUD’s “three-year rule” for the Section 223(f) multifamily mortgage insurance program is no longer with us.
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Sims Mortgage Funding

HUD Multifamily Volume in 2019… Down, But Still Not To Shabby

HUD's multifamily mortgage insurance programs recorded a solid performance in Fiscal Year 2019, which ended on September 30, but overall volume was down from 2017 and 2018.
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Sims Mortgage Funding

A Look Back at 2019

Last year, Sims Mortgage Funding took its consulting and financial advisory services to new heights. How high? Our work assisting clients navigate through the HUD regulatory and programmatic maze in
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"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 have a strong knowledge of HUD's programs and procedures, and were able to skillfully lead the hospital, architect and construction manager through a complicated financing process and to a successful closing."
Stephen PopkinCEO, Parkview Community Hospital Medical Center
"We really appreciate all the hard work Sims provided our organization. They helped us navigate through a complicated HUD financing process that resulted in considerable financial benefit to the project and to our elderly residents"
Steve GouldProperty Manager, Community Realty Manangement