Healthcare Success Stories , News
October 28, 2019
SMF Refinances Hawaii Skilled Nursing Facility, Interest Rate Reduced by 60%
Liliha Healthcare Center is a 92-bed skilled nursing facility in Honolulu, HI. Liliha, and its sister facility, Nuuanu Hale, were collateralized with a single, high-interest rate, bridge loan that featured a short maturity and expensive extension provisions.
Housing Success Stories , News
July 10, 2019
SMF Cashes Out for Affordable Housing Project in Pennsylvania
The Project’s Sponsor owns four affordable housing properties in Pennsylvania and previously had turned to Sims Mortgage Funding to refinance two of them, on a “cash-out” basis.
Healthcare Success Stories , News
March 5, 2019
Sims Mortgage Funding Closes Hospital Expansion on New Year’s Eve
Baton Rouge General Medical Center (“BRGMC”) is a not-for-profit community hospital with 591 licensed beds. It wanted to expand its footprint by constructing a neighborhood hospital approximately 7 miles from the main campus.
Healthcare Success Stories , News , Success Stories
October 31, 2018
Sims Mortgage Funding (SMF) Closes $22,128,200 Refinance Loan for Memory Care Facility
Artis Senior Living, a developer/owner/operator of assisted living residences, wanted to leverage the considerable equity it had built up in one of its memory care facilities in the Washington, DC metropolitan area.
Housing Success Stories , News , Success Stories
May 31, 2018
Sims Mortgage Funding (SMF) Closes $26,172,500 Loan for New Multifamily Rental Housing
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.
Housing Success Stories , News , Success Stories
November 28, 2017
A Bronx Tale: SMF Recapitalizes Affordable Housing Property A Second Time
“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 […]
Healthcare Success Stories , News , Success Stories
November 2, 2017
Sims Mortgage Funding (SMF) Helps Pennsylvania Nursing Home SMF Cut Cost Of Capital Almost In Half
“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 […]
Healthcare Success Stories , News , Success Stories
September 25, 2017
Sims Mortgage Funding (SMF) Helps California Hospital Expand
“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 […]