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
10/18/19
Marathon Petroleum Corp. board members are meeting this week with activist investors to discuss CEO Gary Heminger's future and the company's strategy amid calls to split up its businesses.
Anyone buying into Saudi Aramco's initial public offering in anticipation of a quick rebound in the country's stock market may be in for a disappointment.
Zuckerberg Rebuffs Calls for Tighter Controls In a rare policy speech that could have ramifications for the U.S. presidential campaign and social movements world-wide, the Facebook CEO asserted his commitment to free speech over more aggressive policing of social-media platforms.
Juul Halts Online Sales of Some Flavored E-Cigarettes Juul is halting online sales of its sweet and fruity e-cigarette refill pods as federal regulators prepare to pull most nicotine vaping products off the market in response to a surge in teen vaping.
Fed Eyes Another Rate Cut, Weighs When to Stop Federal Reserve officials are heading into their meeting in two weeks likely to cut interest rates while debating whether they?ve done enough for now to vaccinate the economy against growing risks of a sharper slowdown.
House Republican Asks for Details on Fed Balance-Sheet Operations The top Republican on the House Financial Services Committee is seeking more details about the Fed?s plan to expand its asset portfolio and wants to know whether regulations played a role in recent dysfunction in short-term lending markets.
BRE #:00619059
Charles Elfsten, President
Charles A. Elfsten
