Elite Business Service, LLC Closes $13 Million in Bridge Financing for Senior Housing Community
- Martin ALex
- Apr 9
- 2 min read
Updated: May 20
Financing Details and Client Relationship
Parsippany, New Jersey. April 8, 2025 – Elite Business Service, LLC (“EBSC Lending”), a leader in financing real estate throughout the United States and a specialized multifamily and seniors housing bridge lending platform, today announced the closing of $13,000,000 in bridge financing for a senior housing community in Parsippany, New Jersey.
EBSC Lending is pleased to announce the successful closing of this bridge loan. The financing was finalized in just 23 business days from the initial capital request. The loan was originated by Martin Alex, CEO of EBSC Lending. This marks another strategic addition to our growing portfolio.
The borrower, a repeat EBSC client, required a short-term bridge loan to refinance existing debt. Their property consists of over 86 assisted living and memory care units. It is located in a well-established office park. The asset is expected to transition to permanent financing in the near future.
Customized Financing Solutions
Given the fast turnaround required, EBSC Lending provided a tailored solution. This included a fully funded reserve for interest, real estate taxes, and insurance. The loan structure featured a competitive pay-rate with accruals to optimize the interest reserve. It also included standard carveout and debt service guarantees.
“We continue to prioritize speed and flexibility, especially in high-demand metropolitan areas,” said Martin Alex, CEO of EBSC Lending. “This transaction underscores our commitment to delivering value for our senior housing clients through customized lending solutions.”
Strengthening Client Relationships
David Palmer, VP of Special Assets, added, “We’re grateful for the opportunity to strengthen our relationship with this client. We delivered a strategic bridge loan that aligns with their long-term goals. EBSC remains dedicated to offering innovative and dependable financing to our healthcare partners.”
The EBSC Lending Edge
EBSC Lending is a real estate lending business that provides customized financing solutions for a wide range of property types. Their service covers primary and secondary U.S. and Canadian metropolitan markets. The firm is targeting similar projects nationwide, showcasing its commitment to the industry.
With a history of navigating diverse market cycles, EBSC Lending has invested over $2 billion in balance sheet capital since its inception. The firm specializes in a broad array of financing options. These include Bridge Loans, Construction Loans, Cannabis Financing, and more.
Diverse Financing Options Available
EBSC Lending offers:
Bridge Loans
Construction Loans
Cannabis Financing
Commercial Bridge Loans
C-Pace
Fix & Flip Loans
Hard Money
Lines of Credit
Mezzanine Financing
Multifamily Bridge Loans
Rental Loans
Self-Storage Facilities
EBSC Lending’s dedicated teams in origination, underwriting, closing, and servicing ensure efficient and timely execution to meet client needs. Their experience and expertise result in reliable financing solutions that cater specifically to the needs of their clients.
Conclusion
The recent closing of the $13 million bridge loan showcases EBSC Lending's dedication to serving the senior housing community. Their ability to swiftly respond to client needs demonstrates their competitive edge in the financial market. With ongoing investment and innovative solutions, EBSC Lending continues to shape the future of real estate financing.
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