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5-Star Mobile Home Parks
Apartments
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Auto repair garages
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Looking for a commercial construction loan? For over 28 years, Ocean Pacific Capital has prided itself on finding its clients the best suited commercial construction loan from an efficient and cost perspective. Our nationwide commercial construction loan department offers a variety of commercial construction options for purchase, refinance, construction, short and long-term financing. We fund all commercial construction loans from $500,000 to $1,300,000,000. If you are looking for a commercial construction conduit, commercial construction mezzanine, or commercial construction financing, whether you are in California, or in any other state, with good or bad credit, we can help you find the commercial construction loan program that meets your unique and individual needs.

We offer commercial construction loans on any of the following property types, but not limited to: apartments, commercial centers, industrial buildings, strip centers, mobile home parks, subdivisions, office buildings, mixed use centers, senior housings, hotels, golf courses, and lot loans. Commercial construction debt coverage ratios are as low as 1.05 to 1.35. We also offer adjustable and fixed programs on commercial construction loans. Commercial construction loan to cost up to 100% as well as loan to value up to 90% ratios. 5,10, 20, 25, to 30 year financing is available for commercial construction financing. We offer commercial construction loans with loan amounts starting at $1 million to $1.3 billion.

For more information on a commercial construction loan or to obtain a commercial construction loan, please contact us. For a listing of our recent commercial construction loan closings, please click HERE.

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

 


Daily Oil & Gas and Wall Street Journal News
6/4/20

CNOOC grants Empyrean 12-month extension for first phase drilling at Block 29/11
Posted on Wednesday June 03, 2020

China National Offshore Oil Corp. (CNOOC) has granted a 12-month extension to Empyrean Energy for the first phase of exploration drilling in Block 29/11, offshore China, due to the COVID-19 pandemic and the resultant global control policies.

Ineos completes Norwegian Sea farm-out to Rex unit
Posted on Monday June 01, 2020

Ineos E&P Norge AS closed a deal May 29 to transfer 15% interest in two Norwegian Sea licenses to Lime Petroleum AS (LPA), a 90% subsidiary of Rex International Holding Ltd., LPA said June 1.

ANPG provides data package for oil exploration onshore Angola
Posted on Friday May 29, 2020

The Angola National Agency of Oil, Gas, and Biofuels has provided more onshore data for oil exploration in the Lower Congo and Kwanza onshore basins ahead of an official announcement to begin new bidding rounds.

APT identifies lower Jurassic source rocks offshore Canada
Posted on Friday May 29, 2020

Applied Petroleum Technology (APT), Oslo, has identified lower Jurassic source rocks and a genetically related set of oil shows in the Southern Grand Banks petroleum system offshore Canada.

Jersey gains operatorship of UKCS license P2170
Posted on Wednesday May 20, 2020

Wall Street Journal
Commercial News

6/4/20

WSJ.com: US Business

UAW Ex-President Pleads Guilty to Embezzlement, Racketeering Charges
Former United Auto Workers President Gary Jones pleaded guilty to embezzlement of union funds and racketeering, marking the highest-profile conviction yet in the government?s yearslong investigation into labor corruption within the auto industry.

Snap Says It Won't Promote Trump's Snapchat Account
Social-media company Snap said it will no longer promote the Snapchat account of President Trump on its home page after finding that his public remarks could incite racial violence, a spokeswoman said.

Chicken Industry Executives Indicted on Price-Fixing Charges
The CEO of one of the country?s biggest chicken producers and three other industry executives were indicted on charges they conspired to fix prices on chickens sold to restaurants and grocery stores, the Justice Department?s first charges in a continuing criminal antitrust probe.

FedEx Adds New Delivery Fees to Manage Strain From Coronavirus
The delivery giant plans to impose surcharges on merchants with too many shipments and oversize packages, following a similar move by rival UPS.

'Everything Is Gone': Looting Strikes a Second Blow to Reeling Businesses in Minority Neighborhoods
Along Philadelphia?s 52nd Street corridor, mom-and-pop stores suffered major damage. Many had been gearing up for revival after weeks of coronavirus shutdowns, and some now face the prospect of months before reopening, if ever.

Coronavirus Pandemic Drives Unemployment Up Across U.S. Metro Areas
The coronavirus pandemic caused unemployment to rise in every metropolitan area in the U.S. in April, the first full month of widespread stay-at-home orders and business shutdowns, hitting hardest tourist destinations and factory towns.

A Painful Economic Reversal of Fortune for African-Americans
The fallout from the pandemic and protests highlights the income and wealth gaps that leave black Americans vulnerable.

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