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.

 

Wall Street Journal
Commercial News

10/17/21

WSJ.com: US Business

Moderna Vaccine for Adolescents Delayed for FDA Review
Moderna asked the Food and Drug Administration in June to expand use of the company?s Covid-19 vaccine to 12-to-17-year-olds, but the agency has held off while it looks into the risk of myocarditis, a rare heart condition.

J&J Covid-19 Booster Shot Endorsed by FDA Advisers
A panel of outside doctors and experts voted 19-0 to recommend that all adults who received a first dose of the Johnson & Johnson vaccine should get the second dose at least two months later.

California Scrambles to Find Electricity to Offset Plant Closures
The state is contending with the coming loss of gas-fired power plants and its last remaining nuclear facility in a planned transition to renewable energy.

Three Years After First 737 MAX Crash, Fallout Continues for Boeing and Victims
The indictment of a former technical pilot is first time an individual has faced charges related to the accidents. The company previously reached a $2.5 billion settlement with the government.

Today's Tech Founders Don't Just Own the Company. They're Also Getting Huge Pay Packages.
Startup creators once tended to take little or no remuneration as CEOs. Now, some are getting giant stock awards, making them among America?s best-compensated corporate chiefs.

Inflation Sets Off Alarms Around the World
More than a dozen central banks have raised interest rates but two that haven?t are those that loom largest over the global economy: the Federal Reserve and the European Central Bank.

Largest Cities Had Some of the Lowest U.S. Inflation Rates
New York City, Los Angeles and Chicago were below the national level in September while rural areas grappled with increases in gasoline and vehicle prices.

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