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.

 

Wall Street Journal
Commercial News

8/4/21

WSJ.com: US Business

Tyson Foods to Require Vaccines for All U.S. Workers
The meat giant?s decision drew pushback from some union leaders, signaling tensions between management and workers over stepped-up efforts to guard against more contagious variants of Covid-19.

PepsiCo to Sell Tropicana, Naked Juice Brands
The snacks-and-beverage company plans to sell Tropicana and other juice brands to private-equity firm PAI Partners in a deal valued at roughly $4.5 billion.

Crypto 'Wild West' Needs Stronger Investor Protection, SEC Chief Says
The Securities and Exchange Commission will regulate cryptocurrency markets to the maximum extent possible, Chairman Gary Gensler said, as he called on Congress to grant the agency more authority and resources to regulate the sector.

Spirit, American Airlines Cancel and Delay Flights a Third Day
Spirit Airlines canceled over half its flights as the airline continues to grapple with an operational meltdown that has thrown its operation into disarray.

Activision Blizzard Executives Exit as Company Faces Gender-Bias Lawsuit
A California agency accused executive J. Allen Brack and others at the company of failing to respond to employee complaints of harassment, discrimination and retaliation.

White House Pushes Distribution of Aid to Renters as Eviction Moratorium Expires
The White House, under fire from progressives for the expiration of a moratorium on evictions, said it lacked the legal authority to order an extension while blaming state and local governments for slow distribution of rental aid.

Yellen to Enact Steps to Avoid Breaching Debt Ceiling
The Treasury Secretary urges Congress to increase the ceiling, which went back into effect on Sunday.

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