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
1/18/20
Top executives at China's leading energy companies are set for a power shake-up as the nation takes steps to reorganize and revamp its leadership and energy infrastructure.
PM Justin Trudeau's bid to complete the Trans Mountain oil pipeline won a major victory Thursday as Canada's top court rejected an appeal brought by British Columbia aimed at challenging the project.
Many oil and gas companies face serious decisions regarding their short and mid-term plans in Iraq, according to Rystad Energy.
Wall Street Journal
Commercial News
1/18/20
WSJ.com: US Business
CDC Removes Advice to Refrain From Vaping The U.S. Centers for Disease Control and Prevention has moved away from a broad recommendation that people consider refraining from vaping altogether during the investigation into the outbreak of lung illnesses linked to the practice.
Boeing Encounters New MAX Woes The plane maker has found a software problem that prevents the 737 MAX?s computers from powering up properly prior to flight, which could complicate the aircraft?s return to service.
Best Buy Opens Probe Into CEO's Personal Conduct The board of Best Buy is investigating allegations that Chief Executive Corie Barry had an inappropriate romantic relationship with a fellow executive, who has since left the electronics retailer.
The Vanishing Executive Assistant The erosion of jobs that gave women without college degrees a career path happened in dribs and drabs but is as dramatic as the manufacturing decline.
Employers Pull Back on Posting New Jobs Job openings declined sharply in November, a sign of weakening employer demand that could restrain job growth in 2020.
BRE #:00619059
Charles Elfsten, President
Charles A. Elfsten
