EBSC Lending Arranged a $37.5 Million Non-recourse Construction Loan.
- Brian Stark.
- Oct 5
- 2 min read
Updated: Nov 24
Albuquerque, New Mexico - EBSC Lending has arranged a $37.5 million non-recourse construction loan (with standard bad-boy carveouts) to finance the development of a 210-unit, Class A apartment community in Albuquerque, New Mexico. The project will include 12 buildings with a mix of studios, one-, and three-bedroom units averaging 900 square feet. Groundbreaking is set to begin immediately, with completion anticipated in early 2027.
The financing package features an 80% loan-to-cost ratio, 70% loan-to-stabilized value, and a 10.75% interest rate. The loan carries an initial three-year term with two extension options, and fully capitalizes the project’s development budget through lease-up.
“We know the EBSC Lending team always advocates strongly on our behalf. Their tenacious efforts and market expertise continue to make our relationship invaluable. This marks our sixth transaction together, and once again their execution was seamless,” said Eric Snyder, managing member of the borrowing entity.
The transaction was arranged by EBSC Lending’s capital markets team, led by CEO Martin Alex. “Our approach blends entrepreneurial thinking with deep industry knowledge to deliver real value. We’re not just providing capital—we’re helping clients grow smarter with tailored solutions that traditional lenders can’t match,” said Martin Alex, CEO of EBSC Lending.
EBSC Lending is a real estate lending business that provides customized financing solutions for a wide range of property types across primary and secondary U.S. and Canadian metropolitan markets. With a history of navigating diverse market cycles, EBSC Lending has invested over $2 billion in balance sheet capital since its inception. The firm specializes in a broad array of financing options, including Bridge Loans, Construction Loans, Cannabis Financing, Commercial Bridge Loans, C-Pace, Fix & Flip Loans, Hard Money, Lines of Credit, Mezzanine Financing, Multifamily Bridge Loans, Rental Loans, and Self-Storage Facilities. EBSC Lending’s fully dedicated teams in origination, underwriting, closing, and servicing ensure efficient and timely execution to meet client needs.
Media Contact.
Martin Alex.
EBSC Lending.
(949) 229 6155.
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