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

11/25/20

WSJ.com: US Business

Penguin Random House Parent Near Deal to Buy Simon & Schuster From ViacomCBS
ViacomCBSInc. is close to a deal to sell book publisher Simon & Schuster to German media giant Bertelsmann SE for more than $2 billion, according to people familiar with the matter.

GE Plans More Job Cuts in Aviation Division
General Electric warned employees that more job cuts are coming to the conglomerate?s jet-engine business because of the pandemic?s impact on commercial air travel even with the promise of a vaccine on the horizon.

PC Sales Help HP, Dell Offset Weak Office Spending
Remote working fueled strong demand for Dell and HP personal computers in the latest quarter, cushioning the impact from lower office-equipment spending.

Gap Reports Flat Quarterly Sales as Holiday Shopping Gets Under Way
Gap?s quarterly sales rebounded from spring shutdowns but increased marketing weighed on profits. Executives cautioned that rising Covid-19 infections could slow visits to stores during the holiday season.

Purdue Pharma Pleads Guilty to Felonies Over OxyContin Sales
The guilty plea follows the approval last week by a U.S. bankruptcy court judge of an $8.34 billion settlement between Purdue Pharma and the Justice Department.

Politics Isn't Janet Yellen's Forte, but It's What She's In for Now
Biden?s pick for Treasury secretary has done it all in economic policy, and if confirmed will face new tests on debt and spending in a deeply divided Washington.

Upbeat Investors Look Past Current Woes
U.S. economic growth is slowing and coronavirus cases are surging, but stocks climb ever higher as investors look ahead to when vaccines usher in better days.

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