EBSC Lending Closes 27+ Deals; $427M Commitments in 2023

IRVINE, CA — EBSC Lending closed more than 27 real estate transactions in 2023, issuing over $427 million in financing commitments to real estate borrowers nationwide. Throughout the year, EBSC Lending supported the financing and growth initiatives of existing clients while also expanding its platform to include 16 new borrowers, including a record seven new borrowers in the fourth quarter of 2023.

Transaction Overview

EBSC Lending’s portfolio growth in 2023 reflects both increased deal activity and the firm’s ability to execute consistently in a volatile capital markets environment. By year-end, the portfolio expanded to include 171 borrowers, representing relationships across more than 41 private equity sponsors and over 15 real estate subsectors.

This growth represents a 31% increase over 2022, positioning EBSC Lending among the largest and most diversified middle-market private lending platforms in the industry. The firm’s ability to maintain momentum during periods of market disruption was driven by its reliable execution, speed of funding, and long-standing sponsor relationships, which allowed EBSC Lending to remain active even as broader market opportunities slowed.

Commenting on the year’s performance, Aaron Donovan, Senior Vice President of EBSC Lending, stated, “While 2023 was an unprecedented year in many respects, we experienced a significant increase in new deal activity. When new market opportunities slowed significantly, we maintained a steady flow of activity as we continued to execute on behalf of our existing borrowers. We are excited to carry the momentum from the end of 2023 into 2024 and make it the strongest year in our history.”

Market Context + What It Means

The 2023 lending environment was marked by higher interest rates, tighter credit conditions, and reduced transaction volume across much of the commercial real estate sector. In this environment, borrowers increasingly relied on private capital providers with the ability to structure flexible solutions and deliver certainty of execution.

EBSC Lending’s ability to grow commitments and borrower relationships during this period highlights the importance of relationship-driven lending, balance-sheet capital, and disciplined underwriting. As traditional lenders retrenched, private lenders with experienced teams and established sponsor networks played a critical role in sustaining deal flow and supporting borrower objectives.

Entering 2024, the firm is positioned to build on this momentum as market participants seek adaptable financing solutions in an evolving capital markets landscape.

Frequently Asked Questions

How many transactions did EBSC Lending close in 2023?

EBSC Lending closed more than 27 real estate transactions during the 2023 calendar year.

What was the total financing commitment volume in 2023?

Total financing commitments issued by EBSC Lending in 2023 exceeded $427 million.

How did EBSC Lending’s borrower base change in 2023?

The firm expanded its portfolio to 171 borrowers, representing a 31% increase over 2022 and including 16 new borrower relationships.

What types of borrowers does EBSC Lending work with?

EBSC Lending works with middle-market real estate sponsors, including private equity firms and experienced operators across multiple property types and subsectors.

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 real estate assets

• Construction Loans – Ground-up and redevelopment financing solutions

• Multifamily Financing – Acquisition, construction, and refinance loans for residential communities