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
4/23/18

Croatia Delays Bidding Round for LNG Terminal Capacity to Late June
Posted on Sunday April 22, 2018

Croatia has moved to late June the second round of bidding to use capacity in a planned LNG terminal in the northern Adriatic, the company that manages the project said on Monday.

Australia's Ichthys Project to Import LNG to Cool Plant Ahead of Start-up
Posted on Sunday April 22, 2018

Japan's Inpex Corp and its partners have bought a cargo of LNG to cool their Ichthys LNG plant in Australia ahead of a potential start-up.

Colombia's Transandino Pipeline Halted After Bomb Attack
Posted on Sunday April 22, 2018

Colombia's southern Transandino pipeline was halted after a bomb attack by an illegal armed group spilled crude oil into a river, state-run oil company Ecopetrol said on Sunday.

Crude Surges to Three-Year High as Saudi-Yemen Conflict Heats Up
Posted on Sunday April 22, 2018

Futures in New York settled at their highest since December 2014.

ADNOC Sets Up Oil Trading Business to Help Find New Markets
Posted on Sunday April 22, 2018

It's part of the state-run firm's efforts to expand its international business and secure new markets.

Facing Shipping Constraints, Canada Moving Oil One Truckload at a Time
Posted on Sunday April 22, 2018

Canada's oil industry faces significant challenges, not the least of which are high production costs, remote oil fields and, perhaps most pressing, the shipping bottlenecks.

Saudi Aramco to Lift Oil-Trading Volume to 6 Million Barrels/Day
Posted on Sunday April 22, 2018

The jump in trading volume would put Saudi Aramco in the top tier of companies that buy and sell crude and refined products.

BP Gets First Chance to Sell US Pipeline Stake Since its IPO
Posted on Sunday April 22, 2018

Large holders of BP Midstream Partners LP may sell up to 10 million additional units starting Tuesday, when they become available to trade for the first time since October's IPO.

Offshore Rig Operator Borr Drilling Cuts Jobs in Texas
Posted on Sunday April 22, 2018

The filing with the Texas Workforce Commission did not provide a reason for the layoffs.

Trump's Revenge: US Oil Floods Europe, Hurting OPEC and Russia
Posted on Sunday April 22, 2018

U.S. oil is even edging out North Sea Forties, which is produced in the backyard of the continent's refineries.

Wall Street Journal
Commercial News

4/23/18

WSJ.com: Commercial Real Estate

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.

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.

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