EBSC Lending Closes $14.46M Refi for Assisted Living in Bountiful.

BOUNTIFUL, UT — EBSC Lending has closed a $14.46 million refinance loan secured by an assisted living and memory care community located in Bountiful, Utah, a suburban market situated between Salt Lake City and Ogden. The financing supports a stabilized healthcare asset that has undergone operational and physical enhancements since acquisition.

Transaction Overview

The borrower is a hospitality-focused ownership group with a deep track record as developers, owners, and operators in the Utah market. Since acquiring the property in 2019, the sponsor implemented a series of value-add initiatives aimed at expanding care capacity and improving operating performance.

Key improvements included an expansion of memory care capacity to meet increasing demand for high-quality memory care services and securing a zoning amendment that increased allowable density to 73 beds. The sponsor also increased occupancy levels, improved operational performance, and engaged a new management company to oversee day-to-day operations.

The community offers a comprehensive service and amenity package, including personalized care, healthcare coordination, chef-prepared meals, housekeeping services, and secure courtyards, all within a home-like residential environment designed to support resident comfort and well-being.

The refinance loan was structured with three years of interest-only payments under EBSC Lending’s interim loan program, providing the borrower with cash-flow flexibility and a streamlined capital structure. Commenting on the transaction, the borrower stated, “As always, we are excited to work with EBSC Lending on this project. This is a property that will benefit the local community for years to come.”

Market Context + What It Means

Demand for assisted living and memory care facilities continues to rise as demographic trends drive growth in the senior population, particularly in suburban markets with strong healthcare infrastructure and limited new supply.

Refinancing solutions that recognize operational improvements, regulatory enhancements, and stabilized occupancy are critical for senior housing owners seeking to optimize capital structures while maintaining quality of care. Private lenders with healthcare expertise are uniquely positioned to underwrite these assets and provide flexible interim financing.

By closing a $14.46 million refinance loan, EBSC Lending enabled the sponsor to consolidate prior debt, capitalize on operational gains, and position the community for long-term stability and continued service to the local market.

Frequently Asked Questions

What type of financing did EBSC Lending provide?

EBSC Lending provided a $14.46 million refinance loan for an assisted living and memory care community.

How is the loan structured?

The loan includes three years of interest-only payments under EBSC Lending’s interim loan program.

What improvements were made to the property?

The sponsor expanded memory care capacity, increased allowable bed count through zoning, improved operations, and upgraded management.

What types of senior housing assets does EBSC Lending finance?

EBSC Lending finances assisted living, memory care, independent living, and other healthcare-oriented real estate nationwide.

Related EBSC Lending Financing Programs

EBSC Lending provides flexible private capital solutions across the United States, including:

• Senior Housing & Healthcare Financing – Refinance and transitional loans

• Interim Loan Programs – Interest-only bridge solutions

• Commercial Bridge Loans – Short-term capital for transitional assets