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
6/19/18

Crude Slips on US-China Trade Spat, Possible OPEC Output Boost
Posted on Monday June 18, 2018

Crude dropped as an escalating trade war between the world's two largest economies imperiled energy demand.

Iran Rules Out OPEC Deal As Russia, Saudi Push For Oil Output Hike
Posted on Monday June 18, 2018

Iran says OPEC is unlikely to reach a deal on oil output this week.

Source: Anadarko Staff Under Lock-Down In Mozambique After Attacks
Posted on Monday June 18, 2018

Anadarko has placed staff working on a LNG plant in northern Mozambique under 'lock-down.'

Iran Says South Pars Not Affected By US Actions, Upgrading Oilfields
Posted on Monday June 18, 2018

The possible withdrawal of Total from South Pars gas field has not slowed down the project, a senior Iranian official says.

Norway's Oil Production Falls To Six-Year Low In May
Posted on Monday June 18, 2018

Norway's monthly oil output fell to a six-year low in May.

Sources: Spain's Repsol Hires Tanker For Iran's Pars Oil As Sanctions Loom
Posted on Monday June 18, 2018

Repsol has hired Malta-flagged suezmax Mabrouk to ship the first export parcel of Pars oil.

Louisiana Firm Wants to Make Safety More Fashionable
Posted on Monday June 18, 2018

Ill-fitting - and unsafe - flame-resistant clothing: another proverbial glass ceiling this woman-owned business seeks to shatter. IMAGE SOURCE: HauteWork

California Looks To Boost Natgas Stored In SoCalGas Aliso Canyon
Posted on Monday June 18, 2018

California utility regulators recommended increasing the amount of natural gas that SoCalGas can inject into its Aliso Canyon storage facility.

NOC Head: Libya Port Attack Cut Output By 400,000 Bpd
Posted on Monday June 18, 2018

Libya has lost some 400,000 barrels per day of oil production in recent days because of militant attacks.

Russia's Oil Export, Refinery Plans Point To Increase In Output
Posted on Monday June 18, 2018

Ahead of a meeting with Saudi Arabia and other producers, Russia already plans to increase oil exports.

Wall Street Journal
Commercial News

6/19/18

WSJ.com: Commercial Real Estate

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.

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.

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