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Healthcare Success Stories

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.
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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.
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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.
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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 […]
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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 […]
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Sims Mortgage Funding Closes $19,873,000 For Two Hud-Insured Lean Loans To Recapitalize Skilled Nursing Homes In Rhode Island

Partnered Right Athena Health Care Systems successfully refinanced two skilled nursing homes it acquired with bank debt in 2013 and 2014. Structured Right The two new loans were incorporated into an existing Master Lease that […]
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SMF Uses Lean Note Modification to Refinance New York Nursing Facility

Sims Mortgage Funding (SMF) recently served as Financial Advisor in connection with a $13,656,333 FHA-insured loan for the Island Nursing and Rehabilitation Center, a 120-bed facility located in Holtzville, NY. The Situation Island has been […]
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SMF Closes $22.8 Million HUD Lean Portfolio Transaction

Sims Mortgage Funding recently closed $22,836,000 in HUD-insured loans under the Lean program that enabled a major New England health care provider to repay a bank loan it incurred in connection with its acquisition in […]
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