Sims in the Media

SMF Update: HUD Expands Access to Mortgage Insurance
August 25, 2015

In the “dog days” of summer, things are typically quiet and low-key. Not so with HUD this summer. They recently announced an expansion of their Section 202 elderly housing financing refinance program.

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$79 Million Financing for Gulf Coast Village
August 18, 2015

Gulf Coast Village (“GCV”) is a Florida nonprofit corporation incorporated in 1982 to provide housing and personal care services to seniors in Cape Coral, Florida. GCV is a subordinate affiliate of Volunteers of America National Services, a Minnesota non-profit corporation.

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Acquisition Financing and Refinancing for Ohio Multi-Site Provider
August 11, 2015

Sims recently worked on a $32 million acquisition financing and refinancing for United Church Homes of Marion Ohio. UCH is a multi-site senior services provider with nine senior care campuses in Ohio with a total of 1,240 units/beds.

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PVM Refinancing Generates Cash Flow Savings and Flexibility
August 04, 2015

Presbyterian Villages of Michigan (PVM) was founded in 1945. The organization is an aging services network that has an interest in 53 entities; PVM owns 23 of the entities outright, and 30 are owned in partnership or co-sponsorship.

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Sims Mortgage Funding Preserves Asset by Restructuring
July 20, 2015

SMF assisted one of its long-time healthcare clients to successfully close in June a complex restructuring of its FHA-insured mortgage loan through HUD’s Partial Payment of Claim (PPC) program.

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