HJ Sims successfully completed a combined $32.1 million debt refinancing and modification generating interest expense savings, extended bank credit commitments and supplementary new project financing.
Continue readingMargate Terrace
Margate Terrace is approximately 25 years old and needed funds for repairs, reserves and improvements that could not be financed from operations. The Project’s managing agent looked to SMF to provide a capital solution.
Continue readingGood Shepherd Community
Sims Mortgage Funding (SMF) recently closed a $2,358,000 HUD-insured loan for Good Shepherd Apartments, at 58-unit elderly housing community located in Sauk Rapids, MN. The Project was built in 1979 and financed with a Section 202 Direct Loan.
Continue readingWestminster Communities of Florida
Presbyterian Retirement Communities, Inc., d/b/a Westminster Communities of Florida, and its affiliates constitute the largest group of life plan communities in Florida with a total of 3,244 units including 2,025 residential units, 468 assisted living units and 751 skilled nursing units.
Continue readingThe Hickman
Founded in 1981 as a Quaker boarding home, The Hickman Friends Senior Community of West Chester d/b/a “The Hickman” (”Community”) is a licensed Personal Care Home located in downtown West Chester, Pennsylvania.
Continue readingCarillon
Carillon is a non-profit Life Plan Community located in Lubbock, Texas. The community is located on 25 acres adjacent to Texas Tech University and consists of 256 independent residential units, 45 assisted living units and 140 skilled nursing beds.
Continue readingShalom House
Sims Mortgage Funding (SMF) recently closed an FHA-insured loan for the Shalom House, a 151-unit elderly housing project located in Ventnor, NJ.
Continue readingWellspring Lutheran Services
Wellspring Lutheran Services, founded in 1893, provides senior housing, skilled nursing, assisted living and memory care in five locations in Michigan as well as home health care and hospices services in Saginaw County and home and community based services to older adults residing in Frankenmuth, Alpena and Saginaw, MI.
Continue readingCrane’s Mill
Lutheran Social Ministries at Crane’s Mill is a member of Lutheran Social Ministries of New Jersey, an organization with origins dating back to 1904 that provides a broad range of programs and services at 20 locations across the state to more than 6,000 individuals.
Continue readingSt. Matthew Manor
Sims Mortgage Funding, Inc. (SMF) closed in August a $5,089,900 HUD-insured loan for St. Matthew Manor, a 58-unit, Section 202 elderly housing property located in West Philadelphia, PA.
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