EBSC Lending Provides $27.1M Construction Loan in Orlando
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EBSC Lending Provides $27.1M Construction Loan in Orlando.

  • Writer: Martin Alex
    Martin Alex
  • Nov 19, 2025
  • 3 min read

Updated: 4 days ago


ORLANDO, FL — EBSC Lending has closed a $27.1 million construction loan to support the development of a new multifamily community in Orlando, Florida. The fully entitled project is scheduled for completion in 2027, with construction commencing immediately.


The financing was structured at an 8.75% interest rate, providing 80% loan-to-cost and 70% loan-to-stabilized value. The loan carries an initial two-year term with two extension options and funds the project’s development budget through construction and lease-up following the commencement of operations.

Transaction Overview

The development is planned on an approximately 25-acre site and will feature 45 residential units, including 11 studios, 19 one-bedroom units, and 15 two-bedroom units, ranging from 950 to 1,200 square feet. Ten units are designated as affordable housing, supporting broader housing accessibility within a high-demand Orlando corridor.


Residences will be delivered with high-end finishes, including in-unit washers and dryers, full kitchens with stainless-steel appliances, stone countertops, hardwood flooring, oversized windows, a 24/7 virtual doorman, and Latch-enabled apartment entry systems. Planned on-site amenities include a rooftop deck, gym, package room, basement storage, bike storage, and shared laundry facilities, along with additional community features such as two swimming pools, a fitness center, a basketball court, and a tennis court.


The property benefits from a strategic location within walking distance of retail destinations such as Walgreens and Publix, approximately three miles south of the University of Central Florida, and roughly 13 miles east of downtown Orlando. The borrower is an experienced developer with a proven track record, and EBSC Lending’s financing will support land development, vertical construction, and the pre-opening operating budget.


In connection with the transaction, Aaron Donovan, Senior Vice President, Portfolio Review at EBSC Lending, stated, “We are pleased to support an experienced development team on a project that brings much-needed housing to a high-demand corridor in Orlando. This development is about more than just building apartments — it's about creating a modern, accessible community that combines design-forward living with affordability. Our financing structure again underscores our commitment to offering creative, reliable capital in growth markets — and we’re proud to back this development from ground-up all the way through lease-up. We’re very proud to participate in a project that prioritizes quality, community, and long-term viability.”


Additionally, David Palmer, Vice President of Special Assets at EBSC Lending, noted, “With this project, we’re delivering more than just housing — we’re building a lifestyle. From robust amenity spaces to thoughtful apartment design, this community will provide real value to residents and long-term stability to the local market. This is EBSC Lending's third loan with this developer and our first multifamily loan this year in the Orlando, Florida.”

Market Context + What It Means

Orlando continues to experience strong population growth, employment expansion, and sustained housing demand, particularly in corridors benefiting from proximity to major universities, retail infrastructure, and transportation networks. New multifamily development remains constrained by rising construction costs and limited access to flexible construction capital, making private financing solutions increasingly important.


By structuring a construction loan with competitive leverage, interest-only payments, and extension flexibility, EBSC Lending enabled the sponsor to proceed with development while aligning capital availability with construction milestones and lease-up expectations. This approach reflects the growing role of private lenders in facilitating new housing supply in high-growth U.S. markets.

Frequently Asked Questions

What type of loan did EBSC Lending provide for this project?

EBSC Lending provided a $27.1 million construction loan with interest-only payments and extension options to support the development and lease-up of a new multifamily community in Orlando, Florida.


Why is Orlando an attractive market for multifamily development?

Orlando benefits from strong population growth, proximity to major universities, expanding employment sectors, and continued demand for modern rental housing.


What is the benefit of this financing structure?

The loan’s leverage, fixed-rate pricing, and extension flexibility provide certainty of execution while allowing the sponsor to manage construction and stabilization efficiently.


What types of projects does EBSC Lending finance?

EBSC Lending provides bridge loans, construction loans, and customized private financing solutions for multifamily, mixed-use, and commercial real estate projects across primary and secondary markets.


Related EBSC Lending Financing Programs

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



 
 
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