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 readingVintage Realty Company
Vintage Realty Company, a major regional developer and property manager headquartered in Shreveport, LA, needed financing for the Reserve at Couret Farms, a proposed 175-unit project to be located in Lafayette, LA.
Continue readingAthena Health Care Systems
Athena Health Care Systems, one of New England’s largest owners and operators, acquired Orchard View Manor in 2013 and Heatherwood in 2014 with conventional bank financing and preferred equity issued by HJ Sims.
Continue readingMeridian Senior Living
Sims was approached by an affiliate of Meridian Senior Living, the fifth largest senior housing provider in the U.S., to provide subordinate debt in connection with a HUD refinancing of several assisted living communities.
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 readingIsland Nursing and Rehabilitation Center
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.
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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