Since 1977, we have been funding all development loans from raw land to conversion developments.
Call us toll-free at 1-800-595-1474
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5-Star Mobile Home Parks
Apartments
Apartment Buildings
Assisted living facilities
Auto repair garages
Boutique hotels
Car dealerships
Care facilities
Car wash facilities
Casinos
Church financing
Congregate care
Drugstores
Walgreens
CVS Pharmacies
Rite Aid
Energy
Ethanol plants
Factories
Factory outlets
Franchises
Gas stations
Golf courses
Grocery stores
Hospitality
Hotels
Housing developments
Independent living facilities
Industrial parks
Land acquisitions
Manufacturing facilities
Medical facilities
Medical offices
Mini storage
Mixed use
Mobile home parks
Movie theaters
Office buildings
Offices
Parking garages
Post Offices
Private schools
Raw land
Regional malls
Residential subdivisions
Resorts
Restaurants
Retail centers
RV parks
Senior housing
Shopping centers
Ski resorts
Special use buildings
Strip centers
Student housing
Tract development
Warehouse distribution centers
Warehouses
Wineries

 
 
 

Ocean Pacific Capital has been in the commercial loan business since 1977. We can fund all development loans from raw land to conversion developments. We have the experience needed to make getting a commercial loan a smooth and easy process for the client.

Real Estate Development Loans are agreements where a lender gives money to a business that is performing a Property Development Project. The business agrees to repay the money with interest, at some future point.

These Development Loans are very flexible and come in a variety of terms to meet your specific needs. Money issued for Development Loans are usually distributed in increments as the Property Development Project meets certain milestones.

Nearly all development and building begins with the purchase of raw land. In the current environment, many lending sources will not make loans on raw, undeveloped land. Ocean Pacific Capital has sources which will enable you to buy raw land which you want to develop for residential sub-division  or commercial or industrial use. Conventional lending sources such as banks, savings and loans, pension funds etc. often are not interested in raw land and development financing.

You will often hear commercial construction lenders and commercial property developers use the term horizontal improvements in connection with land development loans.

The horizontal improvements include any zoning changes, the subdivision map, clearing the ground, cutting the roads, installing the utilities (water lines, sewer lines, power lines, cable TV lines, etc.), and paving the roads, sidewalks and gutters.

At this point a land developer will often sell off the homesites or commercial pads. A pad is a fully-improved site for a commercial building; i.e., it already enjoys streets, gutters, sidewalks, and utilities.

We understand the financing requirements developers and homebuilders need when it comes to land acquisition, development, and developing lot facilities. We originate loans with competitive rates and flexible payment schedules across the United States and throughout the world. Our alternative lending sources have much expertise in the evaluation and financing of raw, undeveloped land. We will work to get you the highest possible Loan-to-Value ratio on your land collateral. We welcome all inquiries from residential subdivision and commercial building developers.

We also provide loans for developed lot facilities. These facilities provide homebuilders a way to fund bulk acquisitions of already developed lots, upon which they can immediately begin construction. Contact your commercial loan officer for your next project.

We fund all commercial and construction loans from $500,000.00 to $1,300,000,000.00 worldwide.

  • Debt coverage ratios from 1.10 up
  • Adjustable and Fixed Programs
  • Loan to cost up to 100%
  • Loan to value up to 90%
  • 10 to 30 year Financing

If you need Commercial Monies, Equity Partners and /or Secondary / Mezzanine Financing, call our Commercial Loan Department at 1800 595-1474 or apply today for a free consultation.


Whatever your financing needs,
we will tailor a loan that's right for you.

 


Daily Oil & Gas and Wall Street Journal News
4/10/20

Opaque Oil Talks Add to Market Volatility
Posted on Friday April 10, 2020

Check out Rigzone panelists' perspectives on the top oil market hits and misses for the week ending April 10, 2020.

How the Pandemic Extinguished Global Oil Demand
Posted on Friday April 10, 2020

This week the EIA reported US drivers consumed the least gasoline for at least 30 years.

Mexico Makes OPEC+ Oil-Output Cuts Deal With Trump
Posted on Friday April 10, 2020

Mexico has reached an oil-production cuts agreement with OPEC+ after an intervention from President Trump.

Trump Exhorts Allies to Buy American First
Posted on Friday April 10, 2020

The Trump administration has a plan for helping drain U.S. storage tanks filling up with crude.

Apache Finds Very Substantial Oil Resource
Posted on Friday April 10, 2020

Here are some of Rigzone's top stories during the last week, just in case you missed them...

OGUK Hosts Webinars to Help Firms Through Pandemic
Posted on Friday April 10, 2020

OGUK is hosting a series of webinars for its member companies to learn more about the support available to them in the wake of the coronavirus pandemic.

Trump Dubs Tentative Oil Pact Very Acceptable
Posted on Friday April 10, 2020

President Donald Trump said a tentative agreement between Saudi Arabia and Russia to cut global oil production is a 'very acceptable agreement'.

OPEC+ Confirms Production Cut Details
Posted on Friday April 10, 2020

After much speculation, OPEC+ has finally confirmed what the group agreed to at its latest webinar meeting, which lasted for several hours.

Refining and Oil Export Slowdowns Among Top Issues
Posted on Friday April 10, 2020

Check out a review of Rigzone's top downstream-related articles for the week ending April 10, 2020.

Saudi, Russia Production Deal Shifts Focus on G-20
Posted on Thursday April 09, 2020

Attention now turns to the Group of 20 energy ministers meeting on Friday.

Wall Street Journal
Commercial News

4/10/20

WSJ.com: US Business

Boeing Taps Investment Banks as It Weighs Government Aid
Lazard and Evercore will help Boeing analyze government aid and potential funding from the private market, people familiar with the matter said.

Boeing CEO Faces Deepening Crisis After Rocky Start
CEO David Calhoun has at times made troubles worse as Boeing confronts the pandemic and continuing 737 MAX woes, recently undercutting the urgency of the aerospace giant?s request for government aid.

Small-Business Loans Face Delays
The first applicants still await funding, fueling anxiety among business owners whose revenue has tanked during the coronavirus pandemic.

3M Sues Mask-Seller for Alleged Gouging, Trademark Infringement
The company said Performance Supply tried to sell 3M-branded masks to New York City officials for up to six times list prices.

Health Authorities Roll Out New Tests to Gauge Spread of Covid-19
The next wave of testing aims to search for signs of past infection in a patient?s blood, potentially giving public-health and hospital officials a better idea of who can safely treat patients and stop social distancing.

Coronavirus Disruptions Pushed U.S. Prices Down in March
U.S. consumer prices fell in March as oil prices plummeted and the economy began to strain under the new coronavirus pandemic.

Industrialized Nations Attempt an Oil Market Solution
A virtual summit of Group of 20 energy ministers is tackling the question of how industrialized nations can help resolve an unprecedented oil glut partly triggered by the coronavirus pandemic, and producers are pinning their hopes on U.S. President Donald Trump.

BRE #:00619059
Charles Elfsten, President
Charles A. Elfsten
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