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EBSC Lending Closes $13M Senior Housing Bridge in Parsippany.

  • Writer: Martin Alex
    Martin Alex
  • Apr 8, 2025
  • 3 min read

Updated: 5 days ago

Parsippany, NJ — April 8, 2025 — Elite Business Service, LLC (EBSC Lending) has closed a $13.0 million bridge loan to refinance a senior housing community located in Parsippany, New Jersey. The transaction was completed on an accelerated timeline, with the financing finalized in 23 business days from the initial capital request.

The bridge loan was originated by Martin Alex, Chief Executive Officer of EBSC Lending, and represents another strategic transaction within EBSC Lending’s specialized seniors housing bridge lending platform.

Transaction Overview

The borrower, a repeat EBSC Lending client, required short-term bridge financing to refinance existing debt and position the property for long-term bank financing. The asset consists of more than 86 assisted living and memory care units and is located within a well-established office park, supporting near-term stabilization and a clear path to permanent takeout.


Given the expedited execution timeline, EBSC Lending delivered a tailored bridge solution that included a fully funded reserve for interest, real estate taxes, and insurance, ensuring uninterrupted operations throughout the loan term. The financing was structured with a competitive pay rate, with accruals designed to optimize the interest reserve, and included standard carveout and debt service guarantees to align with the borrower’s long-term objectives.


In connection with the transaction, Martin Alex, CEO of EBSC Lending, stated, “We continue to prioritize speed and flexibility, especially in high-demand metropolitan areas. This transaction underscores our commitment to delivering value for our seniors housing clients through customized lending solutions.”


Additionally, David Palmer, Vice President of Special Assets at EBSC Lending, noted, “We’re grateful for the opportunity to strengthen our relationship with this client by delivering a strategic bridge loan that aligns with their long-term goals. EBSC remains dedicated to offering innovative and dependable financing to our healthcare partners.”

Market Context + What It Means

Senior housing assets that provide assisted living and memory care services continue to experience strong demand, particularly in established metropolitan markets with access to healthcare infrastructure and dense population bases. However, transitional properties often require short-term bridge capital to refinance existing obligations and stabilize operations ahead of permanent financing.


In this environment, lenders capable of executing quickly and structuring fully reserved bridge loans play a critical role in supporting continuity of care and operational stability. Interest-only bridge structures with funded reserves allow operators to focus on occupancy and performance metrics while maintaining a clear runway to long-term financing.


By closing this $13 million bridge loan in just over three weeks, EBSC Lending enabled the borrower to retire existing debt, maintain operational certainty, and position the property for an efficient transition to permanent bank financing.

Frequently Asked Questions

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

EBSC Lending provided a $13 million senior housing bridge loan to refinance existing debt and position the property for long-term bank financing.


How quickly was the financing completed?

The loan closed in 23 business days from the initial capital request.


What type of senior housing does the property offer?

The community includes assisted living and memory care units, serving seniors with varying levels of care needs.


What types of senior housing projects does EBSC Lending finance?

EBSC Lending provides bridge, construction, and refinancing solutions for senior housing, multifamily, mixed-use, and other commercial real estate assets nationwide.

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 stabilized commercial real estate assets

  • Senior Housing Financing – Customized lending solutions for assisted living, memory care, and independent living communities

  • Multifamily Financing – Acquisition, construction, and refinance loans for residential communities



 
 
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