Clients count on HJ Sims to provide them with creative solutions and objective advice that is in their best interest, uninfluenced by transaction goals. To learn more, please see this representative sampling of our recent engagements.
Volterra at ChampionsGate, a Tuscan Isle Community is a new senior living community to be located in Four Corners, FL. It will consist of 131 independent living apartments, 56 assisted living and 36 memory care suites and encompass approximately 220,000 square feet.more
Sims was approached by an affiliate of Meridian Senior Living, the fifth largest senior housing provider in the U.S., to provide subordinate debt in connection with a HUD refinancing of several assisted living communities.more
The National Law Enforcement Officers Memorial Fund (“NLEOMF”), established in 1984, is a private nonprofit organization dedicated to telling the story of American law enforcement and making it safer for those who serve.more
Sims Mortgage Funding financing loan for Louisiana market rate multifamily Background Sims Mortgage Funding (SMF) closed in June a $21,966,700 HUD-insured loan for the Country Club Pointe Apartment Homes, a 256-unit “Class A” market rate rental property in Lake Charles, LA. The loan is insured under the Section 223(a) (7) program, which is designed to refinance high-interest rate loans that are in HUD’s portfolio, resulting in stronger projects and lower risk to the mortgage insurance fund. Details In 2007, Sims Mortgage Funding originated a HUD-insured loan under the Section 221(d) (4) program that provided construction and permanent financing for the Project. That financing had an interest rate of 5.99% and […]more
Sims Mortgage Funding financing preserves affordable, elderly housing and distributes cash to borrower Background Sims Mortgage Funding (SMF) closed at the end of November an $11,600,000 HUD-insured refinancing loan under the Multifamily Accelerated Processing (MAP) program for Essex Plaza I, a 451-unit, age-restricted rental property located in downtown Newark, New Jersey. The Project contains eight-stories and 346,000 square feet; it was originally constructed in 1925. The community has a Section 8 Housing Assistance Rental Contract that runs for 20 years commencing in 2011. Essex Plaza I underwent a major rehabilitation in the late 1970s that was financed with a HUD-insured loan; in 1999 the Project’s debt was restructured as a […]more
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