EBSC Lending Structures $43 Million Construction Loan for 152-Unit Senior Housing Development in Rochester, New York
July 23, 2026
Source: EBSC Lending
ROCHESTER, N.Y., July 22, 2026 - EBSC Lending is pleased to announce the structuring of a $43 million construction loan for a 152-unit senior housing development in Rochester, New York.
The financing supports the ground-up development of a three-story, age-restricted senior housing community designed to address demand for modern rental housing serving older residents. The project is positioned as a purpose-built residential community with a focus on accessibility, operating efficiency, long-term housing demand, and a defined path toward lease-up and stabilization.
Loan proceeds provide the sponsor with construction capital to advance the project through development, completion, and stabilization. The transaction was structured around a 36-month interest-only construction term, with leverage sized to the development basis, projected stabilized income, and long-term operating profile.
Transaction Highlights
Loan Amount: $43,000,000
Financing Type: Construction Loan
Loan Program Type: Senior Housing / Multifamily Construction
Deal Type: Ground-Up Construction
Property Type: Age-Restricted Senior Housing
Project Size: 152 Units
Location: Rochester, N.Y.
Rate: 10.25% Interest-Only
Term: 36 Months
Estimated Total Cost Basis: $56,250,000
Calculated LTC: 76.44%
Estimated Stabilized Value: Approximately $66,176,471
Calculated LTV: 64.98%
Loan Per Unit: Approximately $282,895
Projected Stabilized NOI: Approximately $5,380,000
Debt Yield: Approximately 12.51%
Estimated Annual Interest-Only Debt Service: Approximately $4,407,500
Estimated Monthly Interest-Only Payment: Approximately $367,292
“This project is designed to bring a modern senior housing option to a market where quality rental housing remains an important need,” said the sponsor. “The community is intended to provide age-restricted housing supported by a practical construction plan, strong operating assumptions, and a long-term stabilization strategy. EBSC Lending understood both the development timeline and the need for a financing structure that matched the project’s business plan.”
“This transaction reflects the type of senior housing construction opportunity where sponsor execution, market need, projected income, and disciplined leverage all need to align,” said Martin Alex of EBSC Lending. “With the revised $43 million loan amount, the structure reflects a more conservative loan basis while still providing meaningful construction capital for the sponsor’s development plan.”
Rochester continues to prioritize housing production, rehabilitation, and supportive rental housing as part of its broader housing strategy. For a senior housing development with a defined construction plan and a clear stabilization path, that backdrop reinforces the need for capital providers that can move with speed while maintaining underwriting discipline.
About EBSC Lending
EBSC Lending is a nationwide private lender providing customized financing solutions for real estate investors and developers. The firm offers asset-based lending for real estate projects across all 50 states, with loan amounts from $10 million to $100 million. EBSC Lending is known for its speed, creativity, and disciplined execution across a broad range of property types and use cases.
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