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
11/21/19

Some LNG Sellers Could Miss Out on $15B
Posted on Wednesday November 20, 2019

Nearly 50 percent of LNG contracts worldwide are indexed to the Japan Crude Cocktail price.

Billionaire Fracking Brothers Hit Hard by Permian Holdings
Posted on Wednesday November 20, 2019

Two brothers hit pay dirt during the shale boom when they sold their Texas fracking company in 2011 for $3.5 billion. But many of their more recent investments in the Permian have turned to dust.

India Approves State-Run Refiner Privatization
Posted on Wednesday November 20, 2019

India launched its biggest privatization drive in more than a decade.

OGUK Launches Educational Campaign
Posted on Wednesday November 20, 2019

Oil & Gas UK is challenging the UK to put its energy knowledge to the test as part of a new educational campaign.

OPEC+ Likely to Retain Output Targets in Dec
Posted on Wednesday November 20, 2019

OPEC+ seems 'increasingly likely' to retain its production targets at its next meeting, according to a new research note from Jefferies.

Fredriksen Leaves Seadrill Board
Posted on Wednesday November 20, 2019

Billionaire John Fredriksen steps down as chairman of Seadrill.

Oil Eases as Investors Monitor Trade War
Posted on Wednesday November 20, 2019

Oil eased after the biggest increase in more than two weeks as investors monitor developments in the U.S.-China trade war.

Oil Rises as Key US Storage Hub Shows Biggest Draw in Months
Posted on Tuesday November 19, 2019

Oil jumps the most since the first of the month as American crude stockpiles at a key storage hub shrank by the most since August.

Canadian Heavy Crude Weakens Amid Worker Rail Strike
Posted on Tuesday November 19, 2019

The price of Canadian heavy crude weakened Tuesday as a worker strike at the nation's largest railway curbed oil shipments, exacerbating a supply glut that's crippled Canada’s oil industry.

Tallgrass Energy Kicks Off Open Season
Posted on Tuesday November 19, 2019

Pony Express plans to build 25 miles of new 12-inch pipeline from the Hereford origin to the new origin point in Wyoming.

Wall Street Journal
Commercial News

11/21/19

WSJ.com: US Business

Macy's Posts Lower Sales; Cuts Forecast
Macy?s said sales declined in the third quarter and lowered its guidance for the year, highlighting the continuing struggle to attract shoppers to traditional department stores.

Kroger Dials Back Overhaul as Sales Sputter
Kroger is turning back to the basics of selling groceries after trying to sell too many new products and renovate too many stores at once.

Xerox Threatens to Go Hostile With HP Takeover Bid
Xerox told HP?s board that it would take its $33 billion takeover bid to shareholders if HP doesn?t reconsider its rejection of the offer by Nov. 25.

Google to Restrict Political Ad Targeting on Its Platforms
Under the new policy, political ads can only be targeted based on users? age, gender and postal code.

Once Upon a Time in Hollywood, Reboots Ruled---Now, Not So Much
Weak openings for new installments in several older movie series highlight a challenge facing Hollywood studios: Even familiar titles often have trouble finding audiences?with the notable exception of superhero films.

China Invited U.S. Trade Negotiators for Direct Talks
China?s chief trade negotiator has invited his American counterparts for a new round of talks, according to people briefed on the matter, as both sides are struggling to strike a limited deal to help de-escalate tensions.

U.S. Existing-Home Sales Increased 1.9% in October
Sales of previously owned homes rose in October after a decline the previous month, with gains concentrated in mid- and high-priced homes, a sign limited inventory is posing challenges for sales of homes priced at the low end.

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