HJ Sims closes on $21.395 million series 2022 bonds for North Carolina public charter school, Shining Rock Classical Academy to buy out of their lease on one campus and refinance an existing loan.
Continue readingHJ Sims Market Commentary: Higher Coupons Meet With Strong Demand
When asked about our favorite TV commercials, several always spring to mind. There are the ones that make us laugh, like the 1984 Wendy’s campaign when Clara lifts the bun and asks “Where’s The Beef?” or the giddy Geico camel in the 2013 Hump Day commercial. There are others that make us motivated, like the “Just Do It” slogan that became a core part of the Nike brand in 1988. Then we have the ads that touch our hearts, like the Super Bowl Coke commercial with Mean Joe Greene and the kid in the locker room or the Kodak Times of Your Life series.
Continue readingResthaven (July 2022)
HJ Sims secures $87.7M of bank financing for expansion project and refinancing for Holland, MI based not-for-profit corporation, Resthaven. Resthaven provides housing, healthcare and other related services through the operation of 145 skilled nursing beds, 116 assisted living units, and 60 independent living rental units.
Continue readingHJ Sims Market Commentary: TINA Meets BRANDY
British Prime Minister Margaret Thatcher once argued forcefully that “there is no real alternative” to capitalism as an economic system. Nearly 30 years later, equity traders adapted her slogan to fashion the narrative that in prevailing market conditions there is no alternative to stocks, that all other investment opportunities are worse. The acronym TINA popped into Wall Street parlance after the 2008 financial crisis. But it has not been heard much this year. Returns for the Dow are down 9% year-to date, the S&P 500 has lost 13%, the Russell 2000 has declined 15% and the Nasdaq has fallen 21%. Conventional equity funds have seen outflows for 28 consecutive weeks. So, we think a new mantra is now in order, BRANDY: Bonds Really Are Now Delivering Yield.
Continue readingHJ Sims Expands Investment Banking and Education Finance Team with Introduction of New Members
HJ Sims is pleased to announce the addition of four investment bankers, expanding its education finance team, which provides comprehensive capital planning, structure and execution for charter schools, public and private education systems and institutions.
Continue reading2022 Women in Business Summit
Sector Update with Aspire: Lynn Daly, HJ Sims
HJ Sims Executive Vice President, Lynn Daly was on Sector Updates with Aspire. In this episode, Lynn discusses what trends she is seeing in the nonprofit aging services sector from an investment banking side as well as what she is seeing from the partnership side.
Continue readingBC Construction Group: Signs of Stabilization in Construction Cost Inputs
BC Construction Group’s Chip Harp, Vice President, Education Division, weighs in on construction cost inputs for charter schools
Continue readingAsbury Communities (July 2022)
HJ Sims continues to partner with Asbury Communities to assist with multiple strategic initiatives in Pennsylvania.
Continue readingHJ Sims Market Commentary: The Path to And from Jackson Hole
The older we grow, the more we realize how little we know. Overwhelmed by the universe of data and news at our fingertips, some of us cling to trivial facts: New Jersey grows two thirds of all the eggplant in the world. Mississippi produces the most NFL players per capita. We are more likely to win an Olympic Gold medal than the Mega Millions lottery, and twice as likely to be killed by a vending machine than a shark.
Continue reading2022 NY Charter Schools Conference
HJ Sims Market Commentary: Delivery Charges
The U.S. postal system was established by the Second Continental Congress on July 26, 1775 and Benjamin Franklin was paid $1,000 dollars a year to serve as its first postmaster. He was charged with establishing a national service at a time when it took months for mail to arrive from near or far and spotty deliveries were made to local taverns and inns. Franklin, the “MacGyver” of his times, rolled up his sleeves and set up more efficient delivery routes from Florida to Maine with wagons traveling in relay teams by day and night.
Continue readingHJ Sims Quarter in Review – 2Q 2022
HJ Sims had a busy Q2 with financings totaling $456.6 million. Check out the highlights, our financings for clients and noteworthy milestones from the quarter.
Continue readingFlorida Charter School Conference 2022
High Point Academy (July 2022)
HJ Sims Successfully Completes $115 Million All Bank Tax-Exempt Financing for New Satellite Campus and Refinancing for Phoebe Ministries, a not-for-profit, multi-facility, Pennsylvania-based organization specializing in healthcare, housing, and support services for older adults.
Continue readingPortfolio of Intermediate Care Facilities (June 2022)
HJ Sims Successfully Completes $115 Million All Bank Tax-Exempt Financing for New Satellite Campus and Refinancing for Phoebe Ministries, a not-for-profit, multi-facility, Pennsylvania-based organization specializing in healthcare, housing, and support services for older adults.
Continue readingHJ Sims Market Commentary: Dog Days
In Department of Defense terminology, CONOPS stands for a concept of operations, a statement that concisely expresses what a commander intends to accomplish and how it will be done using available resources. As the first quarter of 2022 draws to an end, individual investors may see the need to create or revise their own individual investment CONOPS after some in-depth communications with our trusted financial planners, counsel, tax advisers and investment professionals.
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