EBSC Lending Secures $33 Million Bridge Loan for Build-to-Rent Community
- Martin ALex
- May 20
- 2 min read
Updated: Nov 24
Overview of the Deal
EBSC Lending, the financing division of Elite Business Service, has finalized a $33 million bridge loan for a 170-unit build-to-rent community in Glendale, Colorado. Glendale is a vibrant suburb of Denver. This new funding replaces a $19 million construction loan secured from another lender in 2022.
The loan is structured as a non-recourse, interest-only loan. It features a two-year term, with two optional six-month extensions. Remarkably, the deal was completed in just 45 days. Martin Alex, Chief Executive Officer at EBSC Lending, stated, “The borrower is a seasoned commercial real estate investor. He is known for consistently enhancing property value. We were pleased to provide highly competitive terms for this returning client.”
Property Details
The project is expected to be completed in 2024. The community will offer a variety of homes, including two-, three-, and four-bedroom units. These homes range from 1,275 to 1,651 square feet.
The units are designed with modern conveniences. Residents will enjoy in-unit washers and dryers, ceiling fans, and, in select layouts, semi-private backyards.
Amenities and Community Features
The community does not skimp on amenities. It will feature a resort-style pool, a fitness center, and a pickleball court. Residents will have access to a gaming room, a cyber café, and an athletic center. For families, there will be a children's playground and a billiards room. Additionally, an outdoor lounge with entertainment space will provide relaxation options for residents.
This property enjoys a prime location with excellent access to Denver's Cherry Creek neighborhood. Conveniently, it is also near Colorado Boulevard, which connects to major retail hubs, the central business district, surrounding suburbs, and Interstate 25.
Market Position of EBSC Lending
EBSC Lending stands out in the real estate lending sector. They provide customized financing solutions for a wide range of property types. Their reach extends across primary and secondary U.S. and Canadian metropolitan markets. With a strong history of navigating diverse market cycles, EBSC Lending has invested over $2 billion in balance sheet capital since its inception.
Types of Financing Offered
The firm specializes in various financing options. These include Bridge Loans, Construction Loans, and Cannabis Financing. They also offer Commercial Bridge Loans, C-Pace, and Fix & Flip Loans. Other options include Hard Money, Lines of Credit, Mezzanine Financing, Multifamily Bridge Loans, Rental Loans, and financing for Self-Storage Facilities.
EBSC Lending ensures efficient and timely execution to meet client needs. Their dedicated teams focus on origination, underwriting, closing, and servicing. This approach maximizes customer satisfaction.
Conclusion: A Strategic Move for Growth
The successful closure of this bridge loan marks a significant milestone for EBSC Lending. It reflects their commitment to supporting seasoned investors in the commercial real estate sector. As the build-to-rent market continues to grow, financing solutions like these are essential.
Investors looking to expand in this sector will find EBSC Lending to be a reliable partner. Their customized financing solutions and deep industry experience make them a key player in the market.
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