EBSC Lending Completes $39.3M Balance-Sheet Loan (Senior).

IRVINE, CA — EBSC Lending has completed $39.3 million in balance-sheet financing across a series of senior housing and healthcare-related transactions, reinforcing the firm’s continued activity in the seniors housing sector. The transactions were executed by EBSC Lending’s Senior Housing and Healthcare Finance team, led by Senior Vice President Aaron Donovan, and reflect EBSC’s ability to structure flexible capital solutions across multiple asset types and markets.

Transaction Overview

The $39.3 million financing package included multiple senior housing transactions tailored to different asset profiles and capital needs.

One transaction consisted of a $15.9 million first mortgage loan secured by a 69-unit assisted living, memory care, and short-term rehabilitation community located in Palm Beach County, Florida. The full-service senior living healthcare community is situated near the gates of Walt Disney World and within four miles of Florida Hospital Celebration Health, offering a strong healthcare-oriented location.

The loan was structured as a two-and-a-half-year facility with two years of interest-only payments, providing flexibility during stabilization and operations. The community features a robust amenity package, including two restaurants, a spa, an all-purpose room, a state-of-the-art movie theater, and a top-floor solarium. The sponsor operates senior housing communities across Texas, Colorado, Utah, Idaho, Washington, Arizona, and Colorado, and this transaction represents the second senior living financing EBSC Lending has completed for the sponsor. The transaction was arranged by Managing Director Martin Alex and Senior Vice President Aaron Donovan.

In addition, EBSC Lending closed a $23.4 million permanent, floating-rate loan secured by a 101-unit independent and assisted living facility with a memory care component located in Vineland, New Jersey. The refinancing was executed through EBSC Lending’s Structured Fixed Rate Program (SFRP) loan product and addressed a complex underwriting profile.

Commenting on the execution, the sponsor, Troy Ballard, stated, “The creativity, flexibility and perseverance of the entire EBSC team was outstanding. This transaction presented unique challenges through the underwriting process. Even though there are always many moving parts in a complicated transaction like this, the EBSC team quickly pulled together a well-written application. The result: we received a firm commitment within 10 days of application, and the loan closed approximately 22 days later. It was a superb performance.”

Market Context + What It Means

Senior housing and healthcare real estate continues to require specialized underwriting, particularly for assets that combine assisted living, memory care, and rehabilitation components. Transactions often involve operational complexity, regulatory considerations, and the need for capital structures that balance stability with flexibility.

Balance-sheet lenders capable of executing both bridge-style first mortgages and permanent refinancing solutions play a critical role in supporting senior housing sponsors across varying stages of asset performance. Programs such as EBSC Lending’s SFRP enable borrowers to refinance stabilized assets while navigating complex underwriting requirements efficiently.

By completing $39.3 million in seniors housing financings across multiple transactions, EBSC Lending demonstrated its ability to deliver reliable execution, tailored structuring, and speed across a range of healthcare-oriented real estate assets.

Frequently Asked Questions

What types of transactions were included in the $39.3 million financing?

The financing included a $15.9 million first mortgage loan for an assisted living and memory care community in Florida and a $23.4 million permanent refinance loan for a senior living facility in New Jersey.

What is EBSC Lending’s SFRP loan product?

The Structured Fixed Rate Program (SFRP) is designed to provide refinancing solutions for stabilized assets that require flexible structuring and efficient execution.

How quickly were these transactions completed?

One transaction received a firm commitment within 10 days of application and closed approximately 22 days later.

What types of senior housing assets does EBSC Lending finance?

EBSC Lending finances assisted living, independent living, memory care, and skilled nursing facilities, as well as other healthcare-related real estate nationwide.

Related EBSC Lending Financing Programs

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

• Senior Housing & Healthcare Financing – Bridge, permanent, and transitional loans

• First Mortgage Loans – Senior secured financing for healthcare real estate

• Structured Loan Programs – Customized capital solutions for complex assets