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
11/20/17

Officials: BP, Eni Interested In Developing Iraq's Majnoon Oilfield
Posted on Sunday November 19, 2017

BP and Eni are among companies that have expressed an interest in developing the giant Majnoon oilfield.

Oil Eases As Traders, Investors Grow Edgy Ahead Of OPEC
Posted on Sunday November 19, 2017

Oil prices fell 0.8%, extending recent weakness ahead of next week's OPEC meeting.

ADNOC Pushes Ahead With IPO After Emaar Sale
Posted on Sunday November 19, 2017

Abu Dhabi National Oil Co. plans to sell as much as 20% of its fuel-distribution unit.

Sources: Two Alberta Oil Sands Upgraders Warn Customers Of Volume Cuts
Posted on Sunday November 19, 2017

Two oil sands upgraders in Alberta have warned customers about cuts to synthetic crude output.

BP Seeks Stake In Cairn Energy Senegal Assets
Posted on Sunday November 19, 2017

Cairn Energy is in talks with BP to sell a 30% stake offshore Senegal.

Russia's Rosneft Signs Oil Supply Deal With Greece's Motor Oil
Posted on Sunday November 19, 2017

Rosneft and Greece's Motor Oil Hellas Corinth Refineries have signed a deal on mutual supplies of crude oil and oil products.

Media: Three Dead After Suspected Gas Leak At PetroChina Refinery
Posted on Sunday November 19, 2017

Three workers are killed and six others injured during a suspected gas leak.

Ancala Acquires Apache's Two North Sea Gas Pipeline Assets
Posted on Sunday November 19, 2017

Ancala Partners finalizes its acquisition of Apache's interests in two North Sea gas pipeline assets.

Keystone XL Clears Major Obstacle in Nebraska
Posted on Sunday November 19, 2017

Nebraska panel clears path for Keystone XL.

Shell, Bio-Bean Power London Buses with Coffee Ground Biofuel
Posted on Sunday November 19, 2017

Royal Dutch Shell plc and Bio-Bean team up to help power London buses with a biofuel made partly from waste coffee grounds.

Wall Street Journal
Commercial News

11/20/17

WSJ.com: Commercial Real Estate

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.

Chocolate Giant Ferrero to Look for Innovation at Cornell Tech
Ferrero, Italian manufacturer of sweets and chocolates, is setting up an innovation outpost at Cornell University?s technology campus on Roosevelt Island in New York City.

Shortage of Industrial Space on Long Island Squeezes Tenants
Long Island?s shrinking industrial space has placed expanding tenants in a tough spot, forcing them to look east to Suffolk County and off the island entirely, according to real-estate services firm JLL.

Supermarkets Face a Growing Problem: Too Much Space
A massive build-out by retailers has left the country piled up with grocery shelves as consumers shift from big weekly shopping trips to more snacking and to-go meals.

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