EBSC Lending Arranges $76M Loan for Hillcrest.

CARMICHAEL, CA — EBSC Lending has arranged a $76 million construction loan to Hillcrest Management for the development of an ultra-luxury senior living community located in Carmichael, a suburb within the Greater Sacramento metropolitan area. The project is scheduled for completion in October 2025 and has been designed to deliver a hospitality-driven experience comparable to a five-star hotel.

Transaction Overview

The senior living development will encompass approximately 264,355 square feet on 10 acres of landscaped grounds and will serve seniors with low- to moderate-income levels. Upon completion, the community will include 129 independent living units, 50 assisted living units, and 40 memory care beds, offering a comprehensive continuum of care within a single campus.

The development will feature three levels of above-grade residential space and one below-grade parking level. Amenities are designed to foster engagement, wellness, and social interaction and will include a fireside living room, library, theater, sunrooms, and multiple dining venues such as a restaurant, private family dining room, casual café, and bistro lounge.

Commenting on the project’s mission, Matt Snyder, Chief Operating Officer of Hillcrest Management, stated, “Affordable seniors housing is essential to our communities, and as the population gets older, the need for housing is greater. A lot of seniors are living in naturally occurring seniors housing—staying in their homes or renting traditional apartments—so they are living within the confines of housing that is inaccessible for daily living and that does not have a community. With developments like this, we’re giving people a new lease on life. We’re giving them the opportunity to have a community with services and activities, which they wouldn’t get if they were living in houses or in garden apartments.”

The facility has been designed with a strong emphasis on energy efficiency and sustainability. Planned green features include solar panels for community and outdoor lighting, insulated walls, ceilings, floor joists, and roofs, and energy-efficient roofing with recycled content manufactured in ISO 14001-certified facilities. Additional sustainability measures include zero-VOC interior paints, formaldehyde-free insulation, fiber cement siding with recycled content, drought-tolerant landscaping, and a quarter-mile walking path integrated into the site.

From the lender’s perspective, Martin Alex, CEO of EBSC Lending, noted, “We plan to continue to grow our seniors housing lending platform over the course of this year. This financing package represents an important milestone for EBSC Lending as we expand our seniors’ housing efforts. We will continue to be active in the sector and are confident that this asset class will remain stable as markets improve. We believe transaction volume will remain strong and capital will remain available for experienced owners and operators for the foreseeable future.”

Market Context + What It Means

Senior housing demand continues to increase as demographic trends drive growth in the aging population, particularly in suburban markets that combine accessibility, healthcare proximity, and community-oriented living. Developments that integrate affordability, hospitality-level amenities, and sustainability are well positioned to meet evolving resident expectations.

Large-scale senior housing construction projects require lenders capable of underwriting complex development risk, long timelines, and operational nuance. Private lenders with balance-sheet flexibility play a critical role in enabling sponsors to deliver thoughtfully designed communities that address both housing and care needs.

By arranging a $76 million construction loan for this project, EBSC Lending enabled Hillcrest Management to advance a significant senior housing development that combines affordability, sustainability, and high-quality services in the Greater Sacramento market.

Frequently Asked Questions

What type of financing did EBSC Lending provide?

EBSC Lending arranged a $76 million construction loan to finance the development of a senior living community in Carmichael, California.

What types of housing will the community include?

The project will include independent living, assisted living, and memory care, totaling 219 residential units and beds.

When is the project expected to be completed?

The development is scheduled for completion in October 2025.

What types of senior housing projects does EBSC Lending finance?

EBSC Lending finances construction, bridge, and transitional loans for senior living, assisted living, memory care, and healthcare-related real estate nationwide.

Related EBSC Lending Financing Programs

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

• Senior Housing & Healthcare Financing – Construction and expansion loans

• Construction Loans – Ground-up development financing

• Commercial Bridge Loans – Transitional capital for complex real estate assets