EBSC Lending Closes $47.54M Loan for Luxury Apartments.

LOS ANGELES, CA — EBSC Lending has closed a $47.54 million permanent placement loan to finance a luxury apartment complex located in Downtown Los Angeles. The long-term financing, placed with a top-tier insurance company, replaces a maturing construction loan and provides durable capital for stabilized operations.

The loan was originated on behalf of the borrower by David Palmer, Vice President, and Leslie Augustin, Senior Vice President of Loan Processing & Servicing.

Transaction Overview

The subject property is a 203-unit, 22-story luxury apartment tower completed in 2022 and situated in the heart of Downtown Los Angeles. The community offers a diverse mix of studio, one-bedroom, two-bedroom, and four-bedroom floorplans, catering to a broad tenant base seeking urban convenience and high-end living.

Residents benefit from on-site parking with immediate access to Interstate 10, along with nearby bus and light rail transit options. The amenity program includes a fitness center, outdoor pool with cabanas, outdoor grilling areas, clubhouse, coffee bar, dog run, fitness classes, and 24/7 concierge services. Interiors feature top-of-the-line stainless steel appliances, quartz countertops, and soft-close kitchen drawers. From the elegant ground-floor lobby to a relaxation deck with resort-style pool and sunbeds, the property delivers approximately 7,000 square feet of indoor and outdoor amenities, supporting a premium resident experience.

In connection with the transaction, the sponsor stated, “It's always a pleasure to work with EBSC Lending on this transaction. Securing a loan in today’s economic climate speaks to the confidence we have in their team and the excellence of this project. Our firm values building long-term partnerships, and we will work with them again in the future.”

EBSC Lending structured the permanent placement to align with the asset’s stabilized profile, replacing construction debt with long-term capital and enhancing balance-sheet certainty.

Market Context + What It Means

Downtown Los Angeles continues to attract demand for high-quality rental housing supported by transit access, employment centers, and lifestyle amenities. For newly stabilized luxury assets, permanent placement financing provides predictability of debt service and positions owners for long-term value preservation.

Insurance-company capital remains a preferred takeout for stabilized, institutional-quality multifamily assets, particularly when paired with disciplined underwriting and strong sponsorship. Lenders capable of transitioning projects from construction to permanent financing play a critical role in de-risking assets at stabilization.

By closing a $47.54 million permanent placement loan, EBSC Lending enabled the sponsor to retire construction debt, secure long-term financing, and continue operating a flagship luxury property in a core Los Angeles submarket.

Frequently Asked Questions

What type of financing did EBSC Lending provide?

EBSC Lending provided a $47.54 million permanent placement loan to replace a maturing construction loan.

Who provided the permanent capital?

The loan was placed with a top-tier insurance company, delivering long-term financing stability.

What are the property’s key features?

The property includes 203 units, a 22-story tower, extensive amenities, transit accessibility, and premium in-unit finishes.

What types of multifamily assets does EBSC Lending finance?

EBSC Lending provides construction, bridge, and permanent placement solutions for multifamily, mixed-use, and commercial real estate assets nationwide.

Related EBSC Lending Financing Programs

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

• Permanent Placement Loans – Long-term financing for stabilized assets

• Construction-to-Permanent Financing – Seamless transitions from build to stabilization

• Multifamily Financing – Acquisition, construction, bridge, and refinance solutions