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
12/5/19

Oil Prices Lackluster Amid Wait on OPEC+
Posted on Wednesday December 04, 2019

Brent crude oil futures showed a meager gain Thursday, and West Texas Intermediate (WTI) posted no gain at all.

Energy Transfer Expands Pipeline Network
Posted on Wednesday December 04, 2019

The expansion comes with the closure of Energy Transfer's SemGroup acquisition.

OPEC+ Agrees to New Deal That Leaves Oil Supply Barely Changed
Posted on Wednesday December 04, 2019

OPEC reached an agreement that adjusts its official production targets, but removes few barrels from a market that's forecast to return to surplus early next year.

N. American Shale Primed for Growth Despite Possible Oil Price Declines
Posted on Wednesday December 04, 2019

The production outlook for North American shale will remain robust in coming years, despite a potential drop in oil prices, according to Rystad Energy.

Shale Frac Spread Rebound Hopes Fade
Posted on Wednesday December 04, 2019

A seasonal increase in the number of US shale basin-based frac spreads has not materialized.

Oil Tankers Idling Off China Possess Key to Shipping Rates
Posted on Wednesday December 04, 2019

The fate of at least 15 oil tankers idling off the coast of China holds the key to determining the path of global freight rates.

Saudis Offer OPEC+ Quid Pro Quo
Posted on Wednesday December 04, 2019

Saudi Arabia is offering fellow OPEC+ members a quid pro quo - If you stop cheating, we'll curb production.

TGS Starts Additional Montney Project
Posted on Wednesday December 04, 2019

TGS has started onshore seismic acquisition for an additional Montney basin 3D project in Canada.

FSMR Sticks to Oil Price Forecast Again
Posted on Wednesday December 04, 2019

Fitch Solutions Macro Research has left its Brent crude price forecasts unchanged for the second time in a row.

Petrobras Plans $34B in Dividends by 2024
Posted on Wednesday December 04, 2019

Petrobras plans to pay its shareholders $34 billion in dividends over the next five years as it cuts debt and sells assets to shore up its finances.

Wall Street Journal
Commercial News

12/5/19

WSJ.com: US Business

United Airlines CEO to Step Down
United Airlines said Chief Executive Oscar Munoz will become executive chairman in May, with President Scott Kirby taking the CEO post.

Uber Issues Report Detailing Safety Incidents on Ride-Hailing Platform
Uber says 235 sexual assaults reported on platform in 2018 vs. 229 in 2017.

GM, LG to Spend $2.3 Billion on Electric-Car Battery Venture
General Motors and South Korea?s LG Chem plan to build a large battery factory in Ohio, the latest example of an auto maker plowing money into electric cars.

Smith & Wesson Parent Sees Higher Gun Sales
American Outdoor Brands, Inc., the parent of Smith & Wesson, provided more evidence that demand for guns was stabilizing, with full-year sales and profit guidance that topped analysts? expectations

How Amazon Dodges Responsibility for Unsafe Products: The Case of the Hoverboard
Lawsuits are testing an argument that underpins the modern tech industry, that internet companies are mere platforms connecting buyers and sellers and aren?t responsible for the quality or safety of the products.

American Firms Import Fewer Chinese Goods
Imports of Chinese goods fell in October after the U.S. imposed new tariffs on consumer goods, and the overall trade deficit narrowed on a drop in imports and exports.

Mnuchin Working Closely With Fed, Bank Regulators on Repo Market Issues
Treasury Secretary Steven Mnuchin said he is working closely with the Fed to make sure there are ample reserves, or deposits banks keep at the Fed, following funding strains in money markets in September.

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