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
5/22/19

Oil Prices Down More Than $1
Posted on Tuesday May 21, 2019

Both the WTI and Brent contract prices fell by more than $1 Wednesday.

Icahn-Backed CVR Energy Considers Selling
Posted on Tuesday May 21, 2019

The refiner also inked a deal to sell its 1.5 million-barrel storage terminal and related assets in north-central Oklahoma for $36 million.

Pioneer Cuts Hundreds of Workers in Texas
Posted on Tuesday May 21, 2019

The Permian pure-play company has reportedly cut 25 percent of its workforce as it continues to cut costs.

Louisiana Project's Price Tag Rises Again
Posted on Tuesday May 21, 2019

Sasol has raised the projected capital cost of its Lake Charles Chemical Project again.

Aramco Taps into US Shale Gas Boom
Posted on Tuesday May 21, 2019

Saudi Aramco agrees to a buy a stake in Sempra Energy's Texas LNG export terminal.

Top 2019 US Oil Stock Has No Permian Stake
Posted on Tuesday May 21, 2019

This year's top-performing U.S. oil producer doesn't have any operations in the world's fastest-growing shale play.

Gazprom Makes 17Tcf Gas Discovery
Posted on Tuesday May 21, 2019

Gazprom discovers two new fields containing over 17 trillion cubic feet of gas on the Yamal shelf.

Offshore Oilfield Service Growth Likely to Halve
Posted on Tuesday May 21, 2019

The annual growth rate in the global offshore oilfield services market will likely be halved after 2022, according to Rystad Energy.

Oil Heads for Biggest Drop in 2 Weeks
Posted on Tuesday May 21, 2019

Oil headed for its biggest drop in two weeks as signs the worsening U.S.-China trade war will take a toll on global economic growth overshadowed the prospect of OPEC+ extending output curbs.

Crude Oil Futures Mixed Again
Posted on Monday May 20, 2019

For the second straight trading day, WTI and Brent price movements were mixed.

Wall Street Journal
Commercial News

5/22/19


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