Since 1977, we have taken pride in finding the best commercial construction financing for our clients' needs.
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Commercial Construction Financing


Looking for an apartment construction financing or just commercial construction financing? Are you looking to build a retail center, industrial building, office building, or any other type of income-producing property? Our access to over 130 different lenders allow us to shop for not only, the best loan, but at the lowest rate and cost to you. It is important, whether you are a real estate developer or investor, to analyze the profit, loan-to-value ratio, and cost of construction. Whether the developer has a certain percentage of the total cost of the project covered will also play a large factor in obtaining financing for commercial construction. If the more equity is needed, a mezzanine loan is possible. Another important aspect of commercial construction financing is the percentage of the total cost of the project that the developer will cover, usually in the form of free and clear land. Lenders like to see that investors and real estate developers are more invested in their land. In certain cases, lenders will need to determine if the takeout loan is big enough to pay off the apartment construction loan or the commercial construction. This can be calculated in the debt service coverage ratio, which must be larger than 1.25. Based on the proposed payments, the net income from the project must be 25% larger. From this value, the commercial construction lender and or the apartment construction lender will examine the developer's net worth to loan size ratio. Ideally, the developers' net worth must be at least the size of the loan amount requested. With commercial construction financing, you want to work with the best and most experienced to help to you attain the necessary financing in sufficient time. Another question one might want to pose if whether or not the commercial construction lender will be able to leave the deal once the commercial building produces enough money to qualify for a takeout loan that is larger than the construction loan. When you are ready to build that commercial property, rely and trust the best. For over 31 years, Ocean Pacific Capital has specialized in commercial construction financing. Call us or email us today to see how we can surpass your expectations. We'll get the job done.


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

 


Daily Oil & Gas and Wall Street Journal News
4/19/19

It's Film or Fall Behind For the Oil, Gas Industry
Posted on Thursday April 18, 2019

Five ways video content is key for attracting top talent in energy.

Reliance Considering Refinery Stake Sale to Aramco, Adnoc
Posted on Thursday April 18, 2019

Reliance Industries Ltd. may sell as much as 25 percent of its refinery business in a deal that could yield at least $10 billion.

Vitol's LNG Trading Desk Shifts to London
Posted on Thursday April 18, 2019

The move underscores the rising prominence of LNG for some of the biggest energy traders.

Total Turns to Artificial Intelligence to Cut Drilling Costs
Posted on Thursday April 18, 2019

The digital factory will employ between 200 and 300 engineers and build on successful North Sea pilot projects.

Oil, Gas Leaders Combat Labor and Sex Trafficking Boom
Posted on Thursday April 18, 2019

NOV exec outlines what oil and gas pros can do to help human trafficking victims break free.

Exxon Makes 13th Oil Discovery Offshore Guyana
Posted on Thursday April 18, 2019

ExxonMobil made a new oil discovery at the Yellowtail-1 well offshore Guyana, marking its 13th discovery on the Stabroek Block.

Supertanker Loads American Oil Without Nearing US
Posted on Thursday April 18, 2019

A supertanker filling up with crude in the Gulf of Mexico is routine these days. Less so is a supertanker loading American oil without coming within 1,000 miles of the Texas or Louisiana coast.

Chrysaor Touted as Incredible Growth Story
Posted on Thursday April 18, 2019

Chrysaor has been touted as an incredible growth story by Wood Mackenzie.

$6B Project with Up to 8,000 New Jobs Sanctioned
Posted on Thursday April 18, 2019

The steering committee for the offshore Azerbaijan ACG field has sanctioned the next stage of the development.

Crude Oil Settles Higher
Posted on Wednesday April 17, 2019

Meanwhile, Henry Hub natural gas fell for the fourth straight trading day.

Wall Street Journal
Commercial News

4/19/19


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