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
9/25/18

OGCI Sets First Collective Methane Target
Posted on Monday September 24, 2018

The Oil and Gas Climate Initiative has set its first collective methane target for member companies.

Oil Advances as Traders Turn Bullish
Posted on Monday September 24, 2018

Oil extends gains near the highest level in almost 4 years.

Shell Exec Says Canada Pipeline Debacle Won't Affect LNG Decision
Posted on Sunday September 23, 2018

Shell-led LNG Canada proposes to export as much as 26 million tons per year to Asia.

Golden Years Over for Oil Traders
Posted on Sunday September 23, 2018

It's a stark reversal from the long period of big returns that was ushered in by oil's crash in 2014.

WTI, Brent Gain at Cusp of Tight Market
Posted on Sunday September 23, 2018

"The market is starting to realize that strong global demand and the lack of spare production capacity is going to lead to one of the tightest markets we've seen in a long time," said one analyst.

Deepwater's Happy Days Almost Here Again
Posted on Sunday September 23, 2018

Deep-sea oil drillers are once again riding the wave of investor enthusiasm that next year will be better for profits.

Lower for Longer's Days May Be Numbered
Posted on Sunday September 23, 2018

The commitment to live with "lower for longer" oil might not last that long after all.

Byron Energy Expands Footprint in Gulf of Mexico
Posted on Sunday September 23, 2018

The company has been notified by the BOEM that its bids for three GoM blocks were accepted.

Offshore Namibia Dud Dims Outlook for New Play
Posted on Sunday September 23, 2018

Tullow Oil Plc said an exploration well off Namibia was a dud, damping enthusiasm over a frontier area that's attracted renewed interest amid oil's recovery.

Uganda Expects to Miss Target for First Oil
Posted on Sunday September 23, 2018

Uganda said it expects to miss its 2020 target for the East African nation's first crude production.

Wall Street Journal
Commercial News

9/25/18

WSJ.com: Commercial Real Estate

CBRE Global Investors Buys Stake in Three GGP Malls
One of the world?s largest real-estate asset managers has purchased a 49% stake in three malls in a deal that values them at more than $1 billion and shows that investors still have an appetite for top-tier retail property.

FAO Schwarz Is Returning to New York
A dominant presence in Midtown Manhattan for decades before its closure in 2015, the toy store is coming to life again with a new, 20,000-square-foot Rockefeller Center location.

Sportswear-Maker Puma to Open New York Flagship
Germany?s Puma has signed a lease deal to creating a marquee location on Fifth Avenue that will be the first of its kind for the company in North America.

Kushner Cos., Brookfield Near a Deal for Stake in 666 Fifth Ave.
The real estate arm of Brookfield Asset Management is in advanced talks with Kushner Cos. to buy roughly a 50% stake in 666 Fifth Ave. and invest hundreds of millions of dollars in the Manhattan office tower, which has been at the center of a controversy over possible conflicts of interest involving Jared Kushner, President Donald Trump?s son-in-law and adviser.

Sign of the Times: New Office Space Created in Retail's Tumult
Normandy Real Estate Partners? $133 million deal for the upper portion of ABC Carpet?s flagship store is an example of office space edging into territory that once was retail?s domain.

Want to Buy a Luxury Hotel in the U.S.? Try China's Insurance Regulator
When Chinese regulators seized control of Anbang Insurance, they took ownership of more than a dozen luxury U.S. hotels. Now, as the government looks to sell, it faces a problem: The buildings likely are worth less than what Anbang paid only a couple of years ago.

New York's Commercial Property Slump Shows Signs of Slowing
After a two-year plunge, brokers are optimistic that more deals will take place in 2018.

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