Notre Dame Apartments, a former convent in the Belmont – Arthur Avenue neighborhood of the Bronx, NY, was redeveloped into a 98-unit affordable senior housing project by a local community agency in the mid-1980s.
Continue readingMargate Terrace
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 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 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 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 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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