HJ Sims Places Fannie Mae Loan for a Recently Completed Assisted Living and Memory Care Community in the Mountain West


April 19, 2022

CONTACT: Shauna Reilly, Chief Marketing Officer | 203-418-9043 | sreilly@hjsims.com 

HJ Sims Places Fannie Mae Loan for a Recently Completed Assisted Living and Memory Care Community in the Mountain West

FAIRFIELD, CT– HJ Sims (Sims), a privately held investment bank and wealth management firm founded in 1935, is pleased to announce that it recently completed the refinancing of a senior living community in the Mountain West employing a Fannie Mae loan structure. A well-established, owner, operator and developer of seniors housing communities, operates the assisted living and memory care community. The experienced ownership group, currently operates more than 25 communities across the Western United States.

Sims acted as financial advisor for the ownership group analyzing and presenting multiple long-term financing scenarios. Through the ever-changing landscape, including increased COVID cases, State restrictions on senior living communities and market volatility, Sims led the borrower through a complex underwriting process, while also taking advantage of a short-term dip in interest rates to secure an attractive, fixed, interest rate.

Sims identified the opportunity to pursue a refinance before the property was considered fully stabilized. The Fannie Mae loan was structured with a 12-year term versus the standard 10-year term, which provides additional flexibility for the borrower in pushing out any need to refinance or exit the investment. The loan includes two years of interest only payments, followed by a 30-year amortization. Structured at a conservative 70% loan-to-value, the non-recourse financing provided loan proceeds to pay off the construction loan in full and access equity, meeting the borrower’s previously planned objectives.

“Under tight timing constraints and almost daily changes in the effects of COVID felt across the globe and throughout the seniors housing industry, we closed the loan on time with no changes in agreed upon terms or loan proceeds. We are thrilled to have provided a customized and timely capital solution, allowing our client to focus on what they do best, provide quality senior living at their communities,” commented Jeffrey Sands, Managing Principal of HJ Sims.

Financed Right® Solutions—Jeffrey Sands: jsands@hjsims.com or 203.418.9002 | Brady Johnson: bjohnson@hjsims.com or 949.558.8297


ABOUT HJ SIMS: Founded in 1935, HJ Sims is a privately held investment bank and wealth management firm. Headquartered in Fairfield, CT, Sims has nationwide investment banking, private wealth management and trading locations. Member FINRA, SIPC. Testimonials may not be representative of another client’s experience. Past performance is no guarantee of future results.  Facebook, LinkedIn, Twitter, Instagram.