EBSC Lending Closes $33M Build-to-Rent Bridge Loan (Denver).
- Martin Alex
- May 20, 2025
- 3 min read
Updated: 5 days ago
GLENDALE, CO — EBSC Lending has closed a $33 million bridge loan to refinance a 170-unit build-to-rent residential community located in Glendale, Colorado, a suburb of Denver. The financing replaced a $19 million construction loan originally secured in 2022 and repositioned the property for continued stabilization and long-term performance.
The loan was structured as a non-recourse, interest-only bridge facility with a two-year initial term and two optional six-month extension options, and was executed on an accelerated 45-day closing timeline.
Transaction Overview
The subject property is a newly completed build-to-rent community, delivered in 2024, offering a mix of two-, three-, and four-bedroom homes ranging from approximately 1,275 to 1,651 square feet. Select residences feature semi-private backyards, while all units include modern finishes and conveniences such as in-unit washers and dryers, ceiling fans, and contemporary layouts designed to meet growing demand for single-family rental living.
Community amenities are extensive and include a resort-style swimming pool, fitness center, pickleball court, gaming room, cyber café, athletic and media center, children’s playground, billiards room, and an outdoor lounge with entertainment space, creating a comprehensive lifestyle environment for residents.
The property benefits from a prime infill location with direct access to Denver’s Cherry Creek neighborhood and close proximity to Colorado Boulevard, providing convenient connectivity to major retail hubs, the central business district, surrounding suburbs, and Interstate 25.
The borrower is a seasoned commercial real estate investor with a track record of enhancing asset value across multiple projects. In connection with the transaction, Martin Alex, Chief Executive Officer of EBSC Lending, stated, “The borrower is a seasoned commercial real estate investor known for consistently enhancing property value. We were pleased to provide highly competitive terms for this returning client.” The financing structure was designed to support the borrower’s ongoing business plan while preserving flexibility during the stabilization period.
Market Context + What It Means
Demand for build-to-rent communities continues to accelerate across major U.S. metros as renters seek larger living spaces, privacy, and access to suburban amenities without the obligations of homeownership. Denver and its surrounding submarkets have experienced particularly strong demand driven by population growth, employment expansion, and limited for-sale housing inventory.
Transitional assets in this sector often require bridge financing solutions that allow sponsors to refinance construction debt, stabilize operations, and position properties for long-term execution. Non-recourse, interest-only bridge loans play a critical role in supporting these strategies by providing certainty of capital while maintaining flexibility ahead of permanent financing.
By delivering a $33 million bridge loan on an expedited timeline, EBSC Lending enabled the borrower to retire construction debt, enhance cash flow efficiency, and continue executing the property’s stabilization strategy in a competitive rental market.
Frequently Asked Questions
What type of loan did EBSC Lending provide for this project?
EBSC Lending provided a $33 million non-recourse bridge loan with interest-only payments to refinance construction debt and support stabilization of a build-to-rent community.
Why are build-to-rent communities in demand?
Build-to-rent communities offer renters the space and privacy of single-family homes combined with professionally managed amenities, making them attractive in supply-constrained housing markets.
Why is Glendale, Colorado a strong location for rental housing?
Glendale offers proximity to Denver’s employment centers, retail corridors, and transportation infrastructure, supporting sustained demand for high-quality rental communities.
What types of residential projects does EBSC Lending finance?
EBSC Lending finances bridge, construction, and transitional loans for multifamily, build-to-rent, mixed-use, and commercial real estate projects nationwide.
Related EBSC Lending Financing Programs
EBSC Lending provides flexible private capital solutions across the United States, including:
Commercial Bridge Loans – Short-term financing for transitional and stabilized commercial real estate assets
Multifamily Bridge Loans – Bridge-to-stabilization and bridge-to-agency solutions
Construction Loans – Ground-up and redevelopment financing for residential and mixed-use projects
