Sims Mortgage Funding, Inc. (SMF) closed in November a $3,240,000 HUD-insured recapitalization loan for McDade – Chichilla Apartments, a 90-unit, age-restricted rental property located in Olyphant, PA. It has a Section 8 Housing Assistance Rental […]
Sims Mortgage Funding, Inc. (SMF) closed in September a $1,800,000 HUD-insured Section 223(f) loan for the AuSable Valley Apartments, a Section 202 elderly project located in Fairview, MI. AuSable is owned and managed by Wellspring […]
How a single FHA-insured mortgage note originated by SMF in 1991 produced three separate transactions and created value savings for the client that exceeded transaction costs 23 times.
Sims Mortgage Funding quickly got off to a good started for 2014 when it closed in January a $13,360,000 FHA-insured loan for The Grove at Pleasant Valley, a market-rate multifamily apartment community located in Little […]
Sims Mortgage Funding, Inc. ended 2013 on a high note when in the last week of the year it closed $23,239,700 in FHA-insured loans processed under the Lean program that refinanced two health care facilities […]
Sims Mortgage Funding recently closed $22,836,000 in FHA-insured loans under the Lean program that enabled a major New England health care provider to repay a bank loan, improve its future borrowing capacity, and secure needed […]
Sims Mortgage Funding closed a $15,560,000 FHA-insured loan in 120 days to facilitate new construction of multifamily rental housing as part of a master planned community in Shreveport, Louisiana.