EBSC Lending closed a $13,000,000 bridge loan, finalized in just 23 business days from the initial capital request. The financing was originated by Martin Alex, CEO of EBSC Lending, and marks another strategic addition to our growing portfolio.

The borrower, a repeat EBSC client, required a short-term bridge loan to refinance existing debt and position their property - consisting of over 86 assisted living and memory care units—for long-term bank financing. Located in a well-established office park, the asset is expected to transition to permanent financing in the near future. Given the fast turnaround required, EBSC Lending provided a tailored solution, including a fully funded reserve for interest, real estate taxes, and insurance. The loan structure featured a competitive pay-rate with accruals to optimize the interest reserve, along with standard carveout and debt service guarantees.

“We continue to prioritize speed and flexibility, especially in high-demand metropolitan areas. This transaction underscores our commitment to delivering value for our seniors housing clients through customized lending solutions,” said Martin Alex, CEO of EBSC Lending.

David Palmer, VP of Special Assets, added, “We’re grateful for the opportunity to strengthen our relationship with this client by delivering a strategic bridge loan that aligns with their long-term goals. EBSC remains dedicated to offering innovative and dependable financing to our healthcare partners.”