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

1/17/22

WSJ.com: US Business

Rolls-Royce, Bentley, BMW Sales Surge as Cheaper Brands Lag Behind
A boom in luxury-car sales and the shifting of scarce semiconductors to the most profitable vehicles helped many auto makers achieve robust profits last year, even as sales of mainstream vehicles lagged behind and supply-chain disruptions crippled car production.

Unilever Sets Out Ambition to Expand in Health Products
The strategic update came days after Unilever said it had approached GlaxoSmithKline and Pfizer about buying their consumer-healthcare joint venture, GSK Consumer Healthcare.

China Probes a Sam's Club Store Over Food-Safety Issues
The local regulator?s investigation into a Walmart-owned store comes as China steps up scrutiny into U.S. retailer.

Elon Musk's Tesla Asked Law Firm to Fire Associate Hired From SEC
Long dismissive of regulators, the Tesla boss has recently aimed his ire at individuals with ties to regulatory agencies with which he has sparred.

Meet the Investor Who Spots Opportunities for Jeffrey Katzenberg
Anthony Saleh oversees a growing venture-capital fund at the former Hollywood chief?s WndrCo, after its Quibi video app collapsed. He also works with the rapper Nas.

China GDP Grew 8.1% in 2021, but Momentum Slowed in Quarter
Underscoring concerns about China?s growth outlook, the central bank slashed two sets of interest rates, which will fuel expectations for an additional cut to benchmark lending rates.

Omicron, Inflation Drive Down U.S. Growth Outlook
The combination of higher inflation, supply-chain constraints and the fast-spreading Omicron variant has caused economists surveyed by The Wall Street Journal to trim their forecast for growth to 3.3% for the year.

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