EBSC Lending Provides Apex Financial $41.7M First Mortgage Debt

MIAMI, FL — EBSC Lending has provided $41.7 million in short-term first mortgage debt to Apex Financial to acquire a portfolio of nine office, industrial, and flex properties located in Miami, Florida. The financing supported the acquisition of the assets across three separate transactions, enabling consolidation under a single ownership structure.

Transaction Overview

The portfolio consists of approximately 128,000 square feet across nine properties, with individual buildings ranging in size from 6,000 to 19,000 square feet. The assets are located in a high-demand Miami submarket positioned for continued redevelopment and creative office conversion.

Apex Financial plans to reposition the obsolete industrial properties into single-tenant and multi-tenant creative office buildings, aligning the assets with evolving tenant demand and market dynamics. A portion of the loan proceeds will be allocated toward tenant improvements and leasing commissions, supporting the conversion and stabilization strategy.

EBSC Lending structured the financing to provide Apex with flexibility and speed of execution while allowing the sponsor to assemble the portfolio efficiently. The first mortgage structure enabled Apex to streamline ownership, fund initial capital improvements, and advance the business plan without fragmentation across multiple capital providers.

In connection with the transaction, Martin Alex, President of EBSC Lending, stated, “The combination of a prime location, coupled with strong sponsorship should enable these assets to perform well within the market once the renovations are complete. Our financing will allow Apex to capitalize on the continuing evolution and growth of the Design District.”

Market Context + What It Means

Miami’s creative office and flex markets continue to benefit from migration trends, tenant demand for adaptive reuse space, and the ongoing evolution of neighborhoods such as the Design District. Repositioning legacy industrial assets into modern office environments has become an effective strategy for sponsors seeking to capture this demand.

Short-term first mortgage financing plays a critical role in enabling sponsors to assemble portfolios, fund initial improvements, and stabilize assets ahead of longer-term financing. Private lenders capable of underwriting transitional portfolios and executing across multiple acquisitions provide a significant advantage in competitive markets.

By delivering $41.7 million of first mortgage debt, EBSC Lending enabled Apex Financial to consolidate the portfolio, fund early-stage improvements, and position the assets for long-term value creation in one of Miami’s most dynamic submarkets.

Frequently Asked Questions

What type of financing did EBSC Lending provide?

EBSC Lending provided $41.7 million in short-term first mortgage debt to support the acquisition and repositioning of a Miami office and industrial portfolio.

How many properties were included in the portfolio?

The portfolio includes nine office, industrial, and flex buildings totaling approximately 128,000 square feet.

How will the loan proceeds be used?

Proceeds were used to acquire the assets, consolidate ownership under a single structure, and fund tenant improvements and leasing commissions.

What types of commercial assets does EBSC Lending finance?

EBSC Lending provides bridge, acquisition, and transitional financing for office, industrial, flex, multifamily, mixed-use, and commercial real estate assets nationwide.

EBSC Lending Provides Apex Financial $41.7M First Mortgage Debt

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 repositioning assets

• First Mortgage Acquisition Loans – Capital for portfolio and single-asset acquisitions

• Value-Add & Repositioning Financing – Funding for tenant improvements and lease-up strategies