built-in distribution system means customers are competing to lend you money

Sims creates value for its investment banking clients through its underwriting and distribution of securities to Sims’ institutional and individual customer base. Sims’ retail customers’ size and sophistication enable them to purchase a wide variety of senior living securities, including first mortgage tax-free and taxable bonds, subordinate debt, preferred equity, equity and seed money. These funds are used by Sims’ banking clients to build, acquire, expand, reposition and renovate their facilities.