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 readingProvident Village at Canton
Provident Village at Canton is a new senior living community that consists of 55 assisted living units and 25 memory care units located in Canton, Georgia. The Community is owned and managed by affiliates of Provident Resources Group.
Continue readingBrethren Village
Brethren Village is a not-for-profit life plan community providing housing, health care and other supportive services to seniors in Lancaster and the Central Pennsylvania region. It is located on a 96 acre campus in Lititz, Pennsylvania.
Continue readingVintage Realty Company
SMF recently closed $6,778,300 and $15,785,600 in loans for Vintage Realty Company for its Magnolia Trace and Waterview at Sugar Mill multifamily properties in Alexandria and Youngsville, LA.
Continue readingVillage Shalom
Village Shalom is an existing life plan community which consists of 64 independent villas, 54 assisted living apartments, 52 nursing units and 36 memory care suites in Overland Park, Kansas, a suburb of Kansas City and the second largest city in Kansas.
Continue readingSante Partners
Sims was approached by an affiliate of Sante Partners (Sante) to provide financing in connection with the development of a 129 unit independent living community in Glendale, Arizona, which will be leased by and operated by Holiday Retirement.
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 readingBorrower
Sims was approached by affiliates of the Borrower to provide financing in connection with the acquisition of a Portfolio of seven skilled nursing facilities. The seven property Portfolio is comprised of 900 beds and will be leased by a strong skilled nursing operator.
Continue readingPreswick Glen
Preswick Glen is a 124 unit independent living community and an integral part of the Presbyterian Homes & Services’ campus in New Hartford, NY. The community complements the assisted living, skilled nursing, rehabilitation, adult day care and affordable housing services provided elsewhere on the campus.
Continue readingLaurel Lake
Laurel Lake is a not-for-profit life plan community providing housing, health care and other supportive services to seniors in Northeast Ohio. It is located on a 150-acre site in Hudson, approximately 16 miles north of Akron and 29 miles southeast of Cleveland.
Continue readingVicar’s Landing
Vicar’s Landing, located in the seaside community of Ponte Vedra Beach, FL, is a Life Plan Community consisting of 227 independent living units, 38 assisted living units and 60 skilled nursing beds. It has been in operation since 1988.
Continue readingThe Homestead at Anoka
The Homestead at Anoka is a Minnesota not-for-profit corporation organized in 2010 for the development, construction and operation of a senior living campus in Anoka, MN. The current campus began operations in 2012.
Continue readingSearStone Retirement Community
Samaritan Housing Foundation, Inc. owns and operates a life plan community known as “SearStone Retirement Community”, which is located on approximately 59 acres in Cary, North Carolina. In June 2012, Sims financed the first phase of SearStone.
Continue readingDiakon Lutheran Social Ministries
Diakon Lutheran Social Ministries (DLSM), one of the largest Lutheran affiliated social service organizations in the U.S., owns and manages Frostburg Heights Apartments, a 110-unit elderly housing project.
Continue readingLaurel View Village
Allegheny Christian Ministries dba Laurel View Village (“LVV”) is a not-for-profit Life Plan Community based in Davidsville, PA, approximately eight miles from Johnstown (Western PA).
Continue readingElder Care Alliance
Elder Care Alliance is a non-profit organization based in Alameda, California that has served seniors and their families throughout California for the last 110 years. It’s mission is to enrich the holistic wellness of older adults.
Continue readingAffinity Living Group
Sims was approached by an affiliate of Affinity Living Group to provide financing in connection with the development of two senior living communities in the Carolinas. The Portfolio is comprised of 109 assisted living beds and 24 memory care beds.
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 readingTaylor Community
Sims was approached by an affiliate of Affinity Living Group to provide financing with the acquisition of a Portfolio of seven senior living communities in North Carolina.
Continue readingAffinity Living Group
Sims was approached by an affiliate of Affinity Living Group to provide financing with the acquisition of a Portfolio of seven senior living communities in North Carolina.
Continue reading