Sims Mortgage Funding
Sims Mortgage Funding is a Rutherford, NJ-based HUD-approved FHA mortgage originator and underwriter, founded in 1984 as a subsidiary of HJ Sims. It directly funds HUD-insured loans for multifamily housing, skilled nursing/assisted living facilities, and hospitals nationwide through MAP, LEAN, and Section 242 programs.
- Company typePrivate
- Founded1984
- HeadquartersRutherford, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Sims Mortgage Funding does
Sims Mortgage Funding, Inc. (SMF) is a Rutherford, New Jersey-based, privately held mortgage origination firm founded in 1984 as a wholly owned subsidiary of investment bank HJ Sims & Co Inc. SMF originates, underwrites, and directly funds FHA/HUD-insured loans for three core markets: multifamily housing (under the Multifamily Accelerated Processing program), healthcare facilities including skilled nursing, assisted living, and memory care communities (under LEAN processing of Section 232), and hospitals from small rural critical-access facilities to large urban teaching institutions (under the Office of Hospital Facilities / Section 242 program). The firm maintains HUD-approved MAP and LEAN underwriter status, supported by a leadership team with over 100 years of collective HUD experience, and offers complementary structures including Bridge-to-HUD financing and the proprietary HUD Plus program (delivered through parent HJ Sims) that enables up to 92.5% loan-to-value on healthcare transactions.
The company's business model is transaction-fee-based, generating revenue primarily through loan origination, underwriting, and servicing fees on closed HUD-insured loans, supplemented by financial advisory and consulting services covering debt restructuring, mortgage note modifications, asset management, and tax-exempt bond financing. SMF operates a direct enterprise sales motion targeting healthcare systems, hospitals, and multifamily developers through long-cycle, relationship-based origination rather than intermediary channels, with deal sizes ranging from approximately $3 million to $45 million per transaction. Notable repeat customers include Vintage Realty Company (28 closed deals since 2002), Parkview Community Hospital (10-year relationship), and several multi-decade healthcare and senior housing operator relationships. SMF has closed deals across all major U.S. regions, with recent emphasis on Bridge-to-HUD structures and expanded regional origination coverage in the Mountain West and West Coast.
Sims Mortgage Funding firmographics
Firmographics- Name
- Sims Mortgage Funding
- Legal name
- Sims Mortgage Funding, Inc.
- Website
- https://simsmortgage.com
- Company type
- Private
- Founded year
- 1984
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Sims Mortgage Funding is a Rutherford, NJ-based HUD-approved FHA mortgage originator and underwriter, founded in 1984 as a subsidiary of HJ Sims. It directly funds HUD-insured loans for multifamily housing, skilled nursing/assisted living facilities, and hospitals nationwide through MAP, LEAN, and Section 242 programs.
- Ownership category
- akta.pro rank
Sims Mortgage Funding industry classification
Industry- Product category
- Commercial Mortgage Lending (HUD-insured)
- NAICS
- Credit Intermediation and Related Activities (522), Mortgage and Nonmortgage Loan Brokers (52231)
- SIC
- Mortgage Bankers & Loan Correspondents (6162)
- akta.pro primary industry
- Government-Insured Mortgage Origination (FHA/VA/USDA) (FSALAAAI)
- akta.pro secondary industries
- Affordable Housing / Down Payment Assistance (DPA) Mortgage Origination (FSALAAAM), Government-Backed CRE Lending (FHA/HUD/USDA) (FSALADAE), Agency (GSE) Multifamily Lending (FSALADAD)
Keywords
Where Sims Mortgage Funding is headquartered
LocationHeadquarters
- HQ city
- Rutherford
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Sims Mortgage Funding business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales
Revenue model
- Loan Origination and Underwriting Fees: The company originates, underwrites, and funds HUD-insured loans for multifamily housing, healthcare facilities, and hospitals. Revenue is generated through loan origination fees, underwriting fees, and loan servicing activities.
- Financial Advisory and Consulting Services: Provides consulting and financial advisory services to borrowers regarding construction loan servicing, asset management, debt restructuring, mortgage note modifications, and tax-exempt bond financing.
- HUD Plus Secondary Financing: Through parent company HJ Sims, offers HUD Plus program enabling higher leverage financing for healthcare transactions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Section 223(f) multifamily loans |
| Other | Multi-year contract | Section 221(d)(4) construction loans |
| Other | Multi-year contract | Section 241(a) supplemental loans |
| Other | Multi-year contract | LEAN Healthcare loans (Section 232) |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels5 records
Sims Mortgage Funding product offering
Product offeringCore offering
Sims Mortgage Funding originates, underwrites, and funds HUD-insured (FHA) mortgage loans for multifamily housing, healthcare facilities (skilled nursing, assisted living, and memory care), and hospitals. The firm operates the Multifamily Accelerated Processing (MAP), LEAN healthcare, and Office of Hospital Facilities (OHF) programs, and supplements them with Bridge-to-HUD financing structures and the HUD Plus program delivered through parent HJ Sims.
Product overview
Sims Mortgage Funding offers a comprehensive suite of HUD-insured mortgage financing products organized into four core programs: Multifamily Accelerated Processing (MAP) Loans for multifamily housing, LEAN Healthcare Loans for nursing homes and assisted living facilities, Office of Hospital Facilities (OHF) Programs for hospitals, and the HUD Plus Program for enhanced leverage. The company also provides Bridge-to-HUD financing as an add-on module. These products include specific FHA Section loan programs (221(d)(4), 223(f), 232, 241, 242) that enable construction, rehabilitation, acquisition, refinancing, and expansion of multifamily, healthcare, and hospital properties.
Differentiator
Problem solved
Functional benefit
Products and services
- Multifamily Accelerated Processing (MAP) Loans HUD-insured loan programs under Multifamily Accelerated Processing for multifamily housing offering 80%-90% loan-to-value, 1.11-1.17 debt service coverage, non-recourse provisions, and up to 40-year fully amortizing terms for recapitalization, construction, rehabilitation, refinancing, purchasing, expansion, or renovation.
- LEAN Healthcare Loans (Section 232) HUD-insured LEAN loans for nursing home, assisted living, and memory care facilities offering non-recourse, fixed-rate interest, fully amortizing terms up to 40 years, 80% LTV, and 1.45 debt service coverage ratio.
- Office of Hospital Facilities (OHF) Programs (Section 242) HUD Section 242 mortgage insurance program for hospital projects enabling affordable financing by reducing cost of capital and enhancing credit for qualifying hospitals — from small rural critical access facilities to large urban teaching hospitals — covering construction, substantial rehabilitation, renovation, refinancing, acquisition, and expansion.
- Bridge-to-HUD Loans Two-step financing structure combining short-term bridge financing with eventual HUD-insured takeout, enabling clients to acquire properties on short notice while retaining advantages of higher leverage and HUD-insured permanent financing at a later date.
- FHA Section 221(d)(4) Loans Loans to construct or substantially rehabilitate Assisted, Affordable, and Market Rate multifamily rental housing under MAP processing.
- FHA Section 223(f) Loans Loans to purchase or refinance Assisted, Affordable, and Market Rate multifamily housing or healthcare facilities including skilled nursing, assisted living, and memory care.
- FHA Section 232 Loans Loans to construct or substantially rehabilitate skilled nursing, assisted living, and specialized-use healthcare facilities under LEAN processing.
- FHA Section 242/223(f) Hospital Loans Loans for acquiring or refinancing hospitals that may require moderate repair or capital needs not exceeding 20% of the loan amount, with up to 90% maximum LTV.
- HUD Section 241 Supplemental Loans Supplemental loans to expand or renovate existing multifamily, healthcare, or hospital projects already financed with HUD-insured loans.
Quantifiable outcome
- 60% interest rate reduction achieved for Liliha Healthcare Center refinancing
- +9 more outcomes
Companies that use Sims Mortgage Funding
Customer profileNamed customers16 records
Segments4 records
Ideal customer profiles3 records
Sims Mortgage Funding technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Sims Mortgage Funding partnerships and signals
Strategic signalScale indicators10 records
Recent moves6 records
Expansion highlights5 records
Sims Mortgage Funding competitors and assessment
Company assessmentDirect peers
- Lument: Specialty CRE advisor/lender offering HUD-insured loans for multifamily, senior living, and healthcare facilities - mirrors SMF's vertical focus and Section 232/242/223(f) expertise.
- Dwight Capital: Direct HUD/FHA lender focused on multifamily and healthcare (including skilled nursing and assisted living); similar transaction profile and target customer base as SMF.
- Love Funding: Niche HUD-insured multifamily and healthcare lender specializing in Section 232, 242, 221(d)(4), and 223(f) - small specialty firm with profile nearly identical to SMF.
- NewPoint Real Estate Capital: HUD multifamily and healthcare lender (formed from legacy Fannie/CMBS platforms and Dwight Capital) - direct overlap on FHA-insured multifamily and healthcare originations.
- Greystone & Co: National CRE finance firm with deep FHA/HUD lending practice spanning multifamily, healthcare (skilled nursing/assisted living), and hospitals - directly comparable product mix and underwriting specialty to SMF.
- Olin Partnership (formerly Lancaster Pollard): FHA/HUD mortgage banking and investment banking firm historically serving senior living, healthcare, and multifamily - direct specialty overlap on HUD-insured healthcare originations.
Broad incumbents
- Walker & Dunlop: One of the largest FHA/GSE multifamily lenders in the US, with significant healthcare and senior housing exposure; overlaps SMF on HUD multifamily but at much greater scale and breadth.
- Berkadia: Commercial real estate finance company (owned by Berkshire Hathaway/Leucadia) with large HUD multifamily loan origination platform and senior housing/healthcare exposure.
- JLL (Real Estate Capital Markets): Global CRE services firm with large debt origination business that includes HUD multifamily/healthcare financing - broader incumbent with overlapping capability.
Emerging players
- Hunt Capital Partners: LIHTC equity syndicator that partners with HUD multifamily and healthcare borrowers; complementary rather than directly competitive but serves the same end customers.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Sims Mortgage Funding social profiles
Digital presenceSims Mortgage Funding financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sims Mortgage Funding leadership team
Management profileNumber of profiles
Profiles6 records
Sims Mortgage Funding funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sims Mortgage Funding M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Sims Mortgage Funding
What does Sims Mortgage Funding do?
Sims Mortgage Funding originates, underwrites, and funds HUD-insured (FHA) mortgage loans for multifamily housing, healthcare facilities (skilled nursing, assisted living, and memory care), and hospitals. The firm operates the Multifamily Accelerated Processing (MAP), LEAN healthcare, and Office of Hospital Facilities (OHF) programs, and supplements them with Bridge-to-HUD financing structures and the HUD Plus program delivered through parent HJ Sims.
Is Sims Mortgage Funding a public or private company?
Sims Mortgage Funding is a private company. It is classified as corporate owned and is currently operating.
When was Sims Mortgage Funding founded?
Sims Mortgage Funding was founded in 1984. It employs 1 to 10 people.
Where is Sims Mortgage Funding based?
Sims Mortgage Funding is headquartered in Rutherford, United States, in the North America region.
How does Sims Mortgage Funding make money?
Three revenue lines are on record. Loan Origination and Underwriting Fees are the primary driver. The others are financial Advisory and Consulting Services and HUD Plus Secondary Financing.
Who are Sims Mortgage Funding's main competitors?
Direct peers on record are Lument, Dwight Capital, Love Funding, NewPoint Real Estate Capital, Greystone & Co and Olin Partnership (formerly Lancaster Pollard). Broad incumbents are Walker & Dunlop, Berkadia and JLL (Real Estate Capital Markets). Hunt Capital Partners is listed as an emerging player.
Does Sims Mortgage Funding have an API?
No public API is recorded for Sims Mortgage Funding.
What industry is Sims Mortgage Funding in?
Sims Mortgage Funding's product category is Commercial Mortgage Lending (HUD-insured). Its primary akta.pro industry code is FSALAAAI, Government-Insured Mortgage Origination (FHA/VA/USDA), with a secondary code of FSALAAAM, Affordable Housing / Down Payment Assistance (DPA) Mortgage Origination. Its NAICS code is 522 and its SIC code is 6162.