The House Ways and Means Committee introduced the tax proposal connected with the $3.5 trillion budget reconciliation bill, the Build Back Better Act. The tax proposals included therein would restore tax-exempt advance refundings, which have been unavailable to governmental and 501(c)(3) as a means of reducing the cost of capital since the passage of the Tax Cuts and Jobs Act of 2017.
Continue readingPresbyterian Senior Living (July 2021)
HJ Sims successfully positions Pennsylvania not-for-profit corporation, Presbyterian Senior Living for future projects with an efficient fixed-rate refinancing. Presbyterian Homes Inc. (d.b.a. Presbyterian Senior Living) is a member of the Obligated Group along with of the following entities: Presbyterian Homes in the Presbytery of Huntingdon, Quincy Retirement Community, The Long Community, Inc., PHI Investment Management Services, Inc., Cathedral Village, and The Long Home testamentary charitable trust.
Continue readingMariangie Colón to Lead HJ Sims Puerto Rico Branch
HJ Sims Executes Complex $132.4 Million Obligated Group Financing for Benedictine
HJ Sims completed a $132.4 million refinancing package on behalf of Benedictine Health System in Cambridge, Minnesota.
HJ Sims Market Commentary: Bicameral Minds
One psychologist theorized that there may have been a time during human evolution when there was no connection between the right and left chambers in the human brain, perhaps ancient people had a bicameral mind in which one side of the brain made command decisions and the other side listened and obeyed. Many of us are of two minds about the momentous decisions being made in Washington in the coming weeks.
Continue readingHJ Sims Executes Complex $132.4 Million Obligated Group Financing for Benedictine
Benedictine Health System (July 2021)
Benedictine Health System, a Minnesota nonprofit corporation, is a Catholic healthcare system that provides long-term care services, congregate housing, assisted living, rehabilitation services, and other healthcare and social services. Benedictine owns, or has a controlling interest in, 23 nursing facilities with 1,815 licensed beds and 26 senior housing with services facilities with 1,890 units in five states.
Continue readingHJ Sims Market Commentary: Back to Basics
With consumer confidence falling to a six-month low, many consumers are reducing spending and getting back to the basics. Economists are struggling to put the higher prices we are paying into context to rationalize inflation rates, the consumer price index and other spending metrics.
Continue readingHJ Sims forges a new stage in the world of investments
HJ Sims Advises on Poydras Homes Expansion Project
Peoples of Bastrop (June 2021)
Aldersgate United Methodist Retirement Community was founded in the 1940s as an organization committed to providing housing and services to elders in the community. Since then, the organization has grown to be one of Charlotte’s most respected aging services providers.
Continue readingHJ Sims Advises Peoples of Bastrop on the Acquisition of a Private Water System via a Taxable Bond Issuance
HJ Sims Market Commentary: Dancing in the Dark
In the Cherokee creation myth, when plants and animals were first made, they were told to keep awake for seven nights. The plants who succeeded became evergreens, and all others were doomed to lose their “hair” every winter. The animals who stayed up were given the power to “see” in the dark. Investors trying to create or manage a portfolio in current market conditions either feel like their clear vision of the future will guide them while others feel like they are just dancing in the dark.
Continue readingHJ Sims Closes Financing for Asbury Communities
Autism, IDD Nonprofit Elwyn Secures $45M Refinancing Package
Positive HUD Program Developments
We’ve all heard the expression the “Dog Days of Summer”. Think hot, sultry, languid days, with not much of anything going on. Sims Mortgage Funding questions that if nothing is going on in the HUD mortgage insurance space, what can we glean from this reprieve?
Continue readingHJ Sims Market Commentary: Forward Settlements
In the process of forward deliveries, we rely upon the close relationships that our veteran sales executives maintain with major buyers, enabling us to structure bonds with prevailing fixed rates for settlement or delivery at a future date.
Continue readingAn Investment Opportunity: Landis Homes
HJ Sims Market Commentary: From Evacuations to Vaccinations to Denominations
We are literally mid-summer and whether we are in the middle of our vacation or our workweek, we are never more than a few minutes away from a device blasting the latest headlines from every corner of the globe and even news from outer space.
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