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
1/19/18

Decision On Oil Pact Could Come In Late Spring, Early Summer-Russian Dep PM
Posted on Thursday January 18, 2018

A decision on global oil output cuts could be made in late spring or early summer.

Schlumberger Posts Bigger Fourth-Quarter Loss On Charges
Posted on Thursday January 18, 2018

Oilfield services provider Schlumberger posts a bigger quarterly loss than a year earlier.

Russia's Transneft: Oil Pipeline Fire Will Not Affect Export Schedule
Posted on Thursday January 18, 2018

A fire at the Samara-Tikhoretsk pipeline will not affect Russia's oil export schedule.

Mexico's Energy Opening Faces Test In Deepwater Oil Auction
Posted on Thursday January 18, 2018

An auction of deepwater oil and gas fields in Mexico this month may prove the last major opportunity for President Enrique Pena Nieto's government to capitalize on its opening of the energy sector.

VNG to Explore Strategic Options to Maximize E&P Business Value
Posted on Thursday January 18, 2018

VNG AG looking to explore 'strategic options' to maximize the value of its oil and gas exploration and production business in Norway and Denmark.

New Cepsa, Sonatrach Contract Expected to Generate 1,500 Jobs
Posted on Thursday January 18, 2018

New contract in Algeria is expected to lead to the generation of up to 1,500 new jobs.

CHC Reaffirms Commitment to North Sea Energy Sector
Posted on Thursday January 18, 2018

Helicopter services company CHC breaks ground on a $6 million redevelopment of its Aberdeen base.

Significant Commercial Gas Discovery Found Onshore Italy
Posted on Thursday January 18, 2018

A significant commercial gas discovery has been made at the Selva gas field in northern Italy, Po Valley Energy Limited (PVE) confirms.

Glut Fears Thwart Oil Rebound After Record Draw From Storage Hub
Posted on Wednesday January 17, 2018

A record draw from America's largest crude storage hub helped lift prices from the day's lows, but not enough to ease fears.

Crisis-Hit Venezuela's Oil Output Plummets In 2017 To Decades Low
Posted on Wednesday January 17, 2018

Venezuela's crude oil production fell nearly 13% last year, according to figures released by OPEC.

Wall Street Journal
Commercial News

1/19/18

WSJ.com: Commercial Real Estate

NYC Council Stops Midtown Tower Construction
Work on an 800-foot-tall tower in East Midtown that has been under construction for six months was halted last week following a vote by the New York City Council to limit skyscrapers in the area,.

Malls Never Wanted Gyms. Now They Court Them
Mall owners long treated gyms, massage parlors, and billiards halls as unwanted tenants that attracted lower-rent visitors who were unlikely to shop. Now they?re giving health clubs some of their best real estate.

New Jersey Office Rents Near Records
Asking rents for New Jersey office space are nearing records as landlords undertake extensive renovations and fill older properties with top-notch amenities.

Brookfield Property Makes $14.8 Billion Offer to Acquire Rest of GGP
Brookfield Property Partners LP has made a $14.8 billion offer to acquire the shares of mall owner GGP Inc. that it doesn?t already own, according to people familiar with the matter.

'Little India' Thrives in Central New Jersey
Oak Tree Road, known as ?Little India,? has been transformed from a rundown and desolate area to a booming ethnic business district that attracts South Asian customers from Maine to Maryland.

NYC's Pearl River Mart Will Expand to Chelsea Market
Pearl River Mart, once a casualty of skyrocketing retail rents, is planning to open another 3,500 square-foot store at Chelsea Market in Manhattan.

Office Spaces Focusing More on Communal Areas
Businesses are beginning to design offices spaces that are increasing the amount of square footage per employee when shared work settings are taken into account.

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