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.

OPEC Oil Cut Extension Renews Asia's Crude Supply Worries
Posted on Thursday May 25, 2017

In physical markets, where tankers can take weeks or months to deliver crude oil, refiners want to know if they will be forced to search for new suppliers.

Colorado Oil Tank Fire Kills One, Injures Three
Posted on Thursday May 25, 2017

A blaze engulfed a Colorado oil tank battery on Thursday, killing one worker and injuring three, authorities said.

No New Demand, More Supply Leaves Spot Price Languishing
Posted on Thursday May 25, 2017

Asian LNG spot prices have fallen due to a lack of significant new demand from the Middle East and others as supplies emerged from Papua New Guinea, Angola, Abu Dhabi and Russia.

Renewable Energy Sector Added Jobs during Downturn
Posted on Thursday May 25, 2017

A new report from the International Renewable Energy Agency found that despite a tough oil and gas climate, jobs in renewables increased in 2016.

Op-Ed: Crude Export Habits Could Factor Into OPEC's Oil Balancing Act
Posted on Thursday May 25, 2017

With the US entrance into the crude oil exporting market and little change in global loading, production may not be the only weight on commodity prices and crude oversupply.

Gas Shipper Flex LNG Signs Deals to Buy Six New Vessels
Posted on Thursday May 25, 2017

The Oslo-listed company is betting on increasing fuel demand from Britain and other countries, its chief executive told Reuters.

Commodity Weekly: OPEC's Announced Cut Extensions Fail To Buoy Markets
Posted on Thursday May 25, 2017

OPEC announcement to extend output cut an additional 9 months fails to convince oil markets - prices fall 5%.

China's Teapot Refiners Set to Slow Crude Imports as Tanks Overflow
Posted on Thursday May 25, 2017

The move by China's so-called "teapots", a key driver of the country's crude appetite, will stir concerns about demand in the world's top oil buyer.

Saudi Aramco to Spend $18B on Growth in the Americas -Motiva
Posted on Thursday May 25, 2017

Motiva called the $18 billion estimate "a general framework of opportunities."

Nigeria Oil Governance Bill Aims To Break Up State Oil Company NNPC
Posted on Thursday May 25, 2017

The long-awaited oil governance bill passed by Nigeria's upper chamber of parliament proposes breaking up the state oil company.

WSJ.com: Commercial Real Estate

China Life Buys Sprawling Portfolio of Small Market U.S. Real Estate
China Life Insurance Group is buying a 95% stake in 48 commercial properties scattered throughout the U.S. in deal that values the portfolio at $950 million and highlights the growing appetite among foreign investors for real estate in markets they mostly have ignored until now.

As Lower East Side Gentrifies, Condo Offers Sprawling Private Garden
Trees, tree house, hilly path, fire pits, telescopes: The One Manhattan Square condo building on the Lower East Side takes the private-garden amenity very seriously.

New Jersey Ski Resort Files for Bankruptcy
Mountain Creek Resort Inc., a New Jersey ski resort less than two hours from Manhattan, has filed for bankruptcy protection, citing years of above-average temperatures, scant snowfall and missteps by prior owners.

What's Behind GE's Move From the Connecticut Suburbs to Boston
Chief Financial Officer Jeffrey Bornstein says being near students was a major attraction

Apple Headquarters Signals Tech's Boom, Bravado
Apple Inc.?s new headquarters in Silicon Valley is the most lavish in a spate of glitzy new architectural projects by tech titans at a time when their businesses are booming and market valuations are soaring.

New York Landlords Roll Out Freebies to Attract Tenants
Manhattan office landlords are boosting their use of concession packages such as free rent and remodeling cash to entice tenants to take space.

NYC Picks Development Team for West Side Mixed-Use Tower
The New York City Economic Development Corp. has tapped a development team to transform a far West Side parking lot into a mixed-use tower with affordable housing, offices and dormitories.