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.

 

Wall Street Journal
Commercial News

3/4/21

WSJ.com: US Business

GM Looking to Build Second Battery Factory in U.S.
General Motors and joint-venture partner LG Chem are close to completing a decision to locate the plant in Tennessee, said people familiar with the matter.

eBay Is Removing Dr. Seuss Books Deemed Offensive
EBay is working to prevent the resale of six Dr. Seuss books pulled this week by the company in charge of the late author?s works because they contain offensive imagery.

Gap CEO Predicts Apparel Rebound as People Emerge From Covid-19
Gap executives said consumers are eager to buy the kinds of apparel that they have been able to forgo during much of the Covid-19 pandemic.

Costco Sales Rise 15% in Latest Quarter
The wholesale retail chain?s sales climbed again as Americans continue to shop for food and goods for the home during the pandemic.

Square to Buy Majority Stake in Jay-Z's Tidal Platform
The San Francisco payments company said Jay-Z will join its board as part of the $297 million cash-and-stock deal, and Tidal?s current shareholders will remain co-owners.

Powell Confirms Fed to Maintain Easy-Money Policies Until Economy Recovers
Federal Reserve Chairman Jerome Powell reaffirmed his intention of keeping easy-money policies in place until the labor market improves much further, but provided no sign the central bank will seek to stem a recent rise in Treasury yields.

China Sets 2021 GDP Growth Target at Over 6%
The goal is comfortably lower than most economists? consensus expectations for the world?s second-largest economy to  grow by 8% or more this year.

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