HJ Sims Completes 3-Step finance plan for North Carolina life plan community, Searstone, including nearly seventeen-month forward refunding.
Continue readingMarket Commentary: Banking On It
Recency bias is a term used in behavioral economics that describes the tendency of people to believe that recent events will occur again soon, that the current state of being will continue indefinitely, that headlines which feel ominous and immediate necessitate urgent action. Lacking the wider-angle lenses of history and mathematical probability, this type of bias affects trading and other short-term decisions that people make — panic selling, bubble buying – fueled by fear or greed in volatile moments.
Continue readingCapital College & Career Academy (February 2023)
HJ Sims successfully closes on $13.9 million Series 2023 Bonds for Sacramento, CA start-up public charter high school, Capital College & Career Academy.
Continue readingMarket Commentary: Where Everyone Knows Your Name
The Goosebumps books are written at a third to seventh grade reading level, unlike the minutes of the Federal Open Market Committee which cater to the ivory tower crowd. They feature no violence or death, unlike the trade press which has been reporting on the past year’s devastating market losses in brutal detail, and the mainstream media which has documented pandemic casualties for the past three years. A common theme in Stine’s writing is the use of wit and imagination to escape horrendous situations. This is an approach that we all cling to in this second decade of the third millennium as we wrestle with all our grown-up fears.
Continue readingHJ Sims Market Commentary: Goosebumps
The Goosebumps books are written at a third to seventh grade reading level, unlike the minutes of the Federal Open Market Committee which cater to the ivory tower crowd. They feature no violence or death, unlike the trade press which has been reporting on the past year’s devastating market losses in brutal detail, and the mainstream media which has documented pandemic casualties for the past three years. A common theme in Stine’s writing is the use of wit and imagination to escape horrendous situations. This is an approach that we all cling to in this second decade of the third millennium as we wrestle with all our grown-up fears.
Continue readingCommunity First Solutions (January 2023)
HJ Sims advises Community First Solutions, Ohio-based owner and operator of three senior living communities, on accretive independent living expansion.
Continue readingHJ Sims Market Commentary: Measures of Wealth
Wealth today is generally defined as the value of all assets of worth owned by a person, community, country or country. Back in the heyday of the pantheon of the Greek gods, wealth was largely measured in agricultural terms. Today, respondents in the latest annual Schwab modern wealth survey concluded that having a net worth of $1.9 million qualifies a person as wealthy. However, the top 1% of households by income lost almost 16% of their overall wealth from the fourth quarter of 2021 to the third quarter of 2022.
Continue readingBob Hope School (The Hughen Center, Inc.) (November 2022)
HJ Sims successfully closes on $26.335 million Series 2022 Bonds for Texas nonprofit corporation, The Hughen Center dba as Bob Hope School, which currently operates four charter schools on four campuses in and around Port Arthur, TX.
Continue readingHJ Sims Market Commentary: Super Roles
In January 1969, the inflation rate was 4.4% and the unemployment rate fell to 3.4%. In the decades since, inflation has frequently fallen below 4%. Federal Reserve Chair Ben Bernanke in his key role made 2% the official target in 2012. But we have not seen unemployment in the range of 3.4% in the last 54 years. Last Friday, the Bureau of Labor Statistics reported that the economy added a reported 517,000 jobs and that the number of jobless Americans as a percentage of the population fell to 3.4%.
Continue readingLifespace (November 2022)
HJ Sims steers phased repositioning through turbulent market with the closing of $85,00,000 financing for nonprofit owner/operator, Lifespace.
Continue readingHJ Sims Market Commentary: Groundhogs and Canaries
The first month of the New Year is already behind us and how fantastic it would be if we could keep the rally going at this pace for the rest of the year. Heading into Groundhog Day, we would welcome six more weeks, six more months of this performance with low volatility and strong returns. It certainly does not feel like we are about to enter into the recession that economists have threatened for more than a year.
Continue readingHJ Sims Market Commentary: Year of the Rabbit, Year of the Bond
Some Asian markets are closed all this week for the Lunar New Year holiday. Sunday marked the first day of the Year of the Rabbit, said to be a symbol of happiness, prosperity, abundance, peace, elegance, and longevity. Our colleagues at MacKay Shields have also dubbed 2023 as “The Year of the Bond”, and it has indeed begun with rallies across corporate, government, and municipal markets.
Continue reading2023 Women in Business Luncheon
Join HJ Sims and Palm City Chamber of Commerce for the Women in Business Luncheon coinciding with International Woman’s Day to advocate and celebrate women in business.
Continue readingLinks Funding III (October 2022)
HJ Sims partners with Links Healthcare to finance acquisition of West Coast community.
Continue readingHJ Sims Market Commentary: Floors and Ceilings
Markets around the world were stunned when the gold standard credit rating of the United States of America was downgraded by Standard & Poor’s from triple-A to AA+ after the close on Friday, August 5, 2011. S&P had issued a negative outlook in July after warning that failure to reach a sufficient compromise on slashing the deficit would risk this action. They boldly told the world that “the effectiveness, stability and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges”.
Continue readingSims Mortgage Funding Closes Loan That Preserves Affordable, Elderly Housing Community (November 2022)
Sims Mortgage Funding, Inc. Closes a $5,243,000 Loan That Preserves Again an Affordable, Elderly Housing Community in Pennsylvania
Continue readingHJ Sims Market Commentary: Adjusting the Sails
This new year with its winds of change requires quite a bit of adjustment but, as with every new beginning, it brings a jolt of excitement, a yearning for change, for betterment. There may be worry but there is hope and underlying it all is our unquenchable American can-do spirit and drive. There are problems to solve and we will find the ways. We not only carry on, we prevail in new and challenging conditions.
Continue readingKootenai Classical Academy (November 2022)
HJ Sims successfully closes on $13.5m Series 2022 bonds for a start-up classical Idaho public charter school, Kootenai Classical Academy.
Continue readingHJ Sims Market Commentary: Fireworks Greet 2023
The New Year begins with fireworks on Capitol Hill as Members of the Senate celebrate their swearings-in to the 118th Congress while Members of the House, not yet sworn in, are still voting to select their new Speaker. At this writing, horses are being traded but the outcome remains something less than certain. Historians have dusted off record books dating back to the 34th Congress which saw the longest and perhaps most divisive contest for the Speaker’s gavel. It lasted from December 3, 1855 to February 2, 1856 and involved 21 candidates and 133 ballots.
Continue readingMozaic Concierge Living (Stamford, CT) (November 2022)
HJ Sims raises $31.7 million in seed capital for development of new Connecticut life plan community, MoZaic Concierge Living.
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