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Aaron Donovan.

EBSC Lending, a leader in financing real estate throughout the United States, today announced the closing of a $14,460,000 loan to refinance an assisted living and memory care community in Utah.

EBSC Lending, a leader in financing real estate throughout the United States, today announced the closing of a $14,460,000 loan to refinance an assisted living and memory care community in Bountiful, Utah, a suburban community between Salt Lake City and Ogden, Utah.


Since acquiring the facility in 2019, the sponsor, a hospitality group that are experienced developers, owners and operators with a deep track record in the Utah market expanded the property’s memory care capacity to capture more of the market demand for high quality memory care and increased the allowable density by obtaining a zoning amendment allowing up to 73 beds. Additionally, the sponsor increased occupancy, improved operations and hired a new management company to oversee the property. Additional amenities include personalized care, health care coordination, chef prepared meals, housekeeping, and secure courtyards while offering a home-like community and atmosphere.


The refinance loan was structured with 3-years interest only using EBSC's interim loan program. “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,” said the Borrower.


EBSC Lending typically funds loans in 15 to 25 business days and originates bridge loans ranging from $5MM - $100MM. EBSC Lending works directly with real estate owners and mortgage professionals nationwide. EBSC Lending provides flexible financing solutions for clients covering the entire spectrum of real estate. For more information on EBSC’s services, visit us at: https://www.ebsc-lending.com



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