EBSC Lending Provides $31.1M Mixed-Use Multifamily in LA.

IRVINE, CA — Elite Business Service, LLC (EBSC Lending), together with its affiliates, has provided a $31.1 million construction and stabilization loan to finance a seven-story, mixed-use multifamily development located in Los Angeles’ historic Hollywood neighborhood. The project combines micro-unit multifamily housing with ground-floor retail, addressing strong urban rental demand in one of Southern California’s most supply-constrained submarkets.

The financing supports a New York–based, vertically integrated real estate development firm with more than 60 completed projects nationwide. The sponsor specializes in the design, construction, and management of micro-unit, traditional, and furnished rental housing, with a focus on efficient urban living.

The loan was arranged by Leslie Augustin, Senior Vice President of Loan Processing & Servicing at EBSC Lending, and structured to support both construction execution and the transition to stabilized operations.

“We are excited to support this project in a submarket poised for long-term growth,” said Martin Alex, CEO and President of EBSC Lending. “Hollywood’s central location and ongoing redevelopment position this property for sustained demand and long-term success.”

Transaction Overview

The development will consist of 109 fully furnished micro-units, organized into 35 residential pods, supported by 100 parking spaces and approximately 1,000 square feet of retail space. Unit configurations include two-, three-, four-, five-, and six-bedroom micro-suites, with an average pod size of approximately 1,150 square feet.

Each unit will be delivered turnkey, featuring high-quality furnishings such as murphy bed/sofa systems, wall-mounted televisions, wardrobes, personal refrigeration, cabinetry, shared kitchen facilities, and soft goods. The amenity package includes a two-level parking garage with automated lift systems, community and fitness spaces, courtyard areas, rooftop deck, spa, dog run, and secure bicycle storage.

Why This Financing Structure Worked for a Mixed-Use Multifamily Development in Hollywood

Mixed-use multifamily development in Los Angeles—particularly in established neighborhoods like Hollywood—requires financing that accounts for construction complexity, phased lease-up, and multiple income streams. Traditional institutional lenders often struggle to underwrite projects that combine residential density with retail components and alternative unit configurations such as micro-housing.

EBSC Lending structured this $31.1 million private loan to align with the project’s construction timeline, lease-up strategy, and long-term stabilization objectives. By focusing on asset fundamentals, sponsor experience, and neighborhood demand drivers, EBSC Lending was able to deliver capital with the speed, certainty, and flexibility required for execution in a competitive urban infill market.

Hollywood’s proximity to major employment centers, transit infrastructure, and entertainment corridors continues to support strong renter demand. Flexible private financing allowed the sponsor to move forward decisively without the constraints often imposed by conventional construction lenders.

Sponsor Perspective

The sponsor commented:

“Working with the EBSC team was a pleasure. They share our vision for creating a multifamily property that is both aspirational and attainable, serving the evolving Hollywood submarket. EBSC provided a creative and flexible financing package that allowed us to execute our business plan efficiently and meet the demands of urban renters.”

Frequently Asked Questions

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

EBSC Lending provided a $31.1 million construction and stabilization loan for a mixed-use multifamily development in Hollywood, Los Angeles.

Why is mixed-use multifamily development attractive in Los Angeles?

Mixed-use multifamily projects maximize land efficiency in dense urban markets, combining residential demand with neighborhood-serving retail while supporting long-term value creation.

Who qualifies for similar financing from EBSC Lending?

EBSC Lending works with experienced sponsors, developers, and investors seeking private bridge, construction, or transitional financing for commercial and multifamily real estate projects nationwide.

How quickly can EBSC Lending close transactions?

Depending on deal complexity, EBSC Lending can close transactions in as little as 10–20 business days, offering speed and certainty of execution.

Related EBSC Lending Financing Programs

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

Commercial Bridge Loans – Short-term financing for transitional and stabilized commercial real estate assets

Construction Loans – Ground-up and redevelopment financing for multifamily and mixed-use projects

Multifamily Financing – Acquisition, construction, and refinance loans for apartment and mixed-use properties

Recent Transactions & Case Studies – A nationwide portfolio of closed EBSC Lending transactions

Recent Transactions & Case Studies – A nationwide portfolio of closed EBSC Lending transactions

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See the original press release on https://www.multifamilybiz.com/pressreleases/17620/ebsc_lending_provides_311million_loan_for_mixeduse...