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Commercial Construction Loan

For over 31 years, Ocean Pacific Capital has specialized in commercial construction loans. We have offered these loans to businesses for the intention of construction of a building or an improvement of an existing real estate that is owned by the business. Commercial construction loans that are larger in loan size and long-term in length are normally turned down by conventional banks. However, at Ocean Pacific Capital, we offer loan amounts that start at $500,000 to $1.3 billion to meet all of your financing needs. For raw land infrastructure development, we offer acquisition and development and for construction mini-perm, we offer construction with a 3 to 5 year loan. We also offer construction loans with take out, where a construction is pre-arranged with a takeout loan. An interim loan is a shorter, 2-year bridge or project type loan and a joint venture involves a financial partner in the development of real estate. And lenders looking for the purchase of a commercial property would require a real estate purchase loan. We have over 31 years of experience in all areas of construction lending and financing. We've funded land loans, hard money loans, as well as construction loan programs to fit your residential construction financing needs as well as commercial construction financing. Our commercial construction loan specialists are experienced in closing any and all types of construction loans, whether they are small or large development, and single family as well as multi-family projects. We have the experience and knowledge to get it funded and closed on time to meet your deadlines. To get started today, email us or call us today to see what we can do for you.


Whatever your financing needs,
we will tailor a loan that's right for you.

 


Daily Oil & Gas and Wall Street Journal News
11/17/19

Oil Prices Higher for the Week
Posted on Thursday November 14, 2019

WTI and Brent finished higher Friday, also showing week-on-week increases.

Shell Traders Rake In $1B Profit in Fuel Oil Market
Posted on Thursday November 14, 2019

Royal Dutch Shell Plc has made $1 billion from trading fuel oil this year, making it one of the standout winners from rules designed to make the shipping industry greener.

US Drops Eleven Oil, Gas Rigs
Posted on Thursday November 14, 2019

The U.S. dropped 10 oil rigs and one gas rig for a net loss of 11 rigs this week, according to data from Baker Hughes Company.

BHP Names New CEO
Posted on Thursday November 14, 2019

Australian miner BHP has appointed Mike Henry as its new CEO and executive director.

Jennings Returning to CEO Role at HollyFrontier
Posted on Thursday November 14, 2019

Michael Jennings previously served as HollyFrontier's CEO from 2011 to 2016.

Brazil FPSO Starts Production
Posted on Thursday November 14, 2019

This photo, released in September of this year, shows the newly completed P-68 FPSO at the EJA shipyard in Aracruz, Brazil. PHOTO SOURCE: Sembcorp Marine

Russia Makes More Money from OPEC+ Deal than Saudis
Posted on Thursday November 14, 2019

Russia has earned more money this year from the OPEC+ deal than Saudi Arabia.

Equinor Buys Inspection Services for Over $380MM
Posted on Thursday November 14, 2019

Equinor has chosen suppliers for inspection services on all its offshore installations on the Norwegian continental shelf and onshore plants in Norway.

3D Printing On Track to Become Vital in Oil and Gas
Posted on Thursday November 14, 2019

3D printing is on track to become a vital component within oil and gas, according to data and analytics company GlobalData.

Saipem to Consider Combining with Subsea 7
Posted on Thursday November 14, 2019

Saipem is considering a combination with rival Subsea 7 to create a larger European oil services provider, people with knowledge of the matter said.

Wall Street Journal
Commercial News

11/17/19

WSJ.com: US Business

FAA Weighs Altering Plane Approvals After MAX Crashes
U.S. air-safety regulators are considering ways to alter fundamentally how they certify aircraft in the wake of Boeing?s 737 MAX crisis, the head of the Federal Aviation Administration said in an interview.

J&J Rapidly Tested Its Baby Powder After Asbestos Finding---and the Results Were Complicated
Johnson & Johnson rushed to announce its famous baby powder contained no asbestos after the Food and Drug Administration triggered a recall last month?but results of J&J?s tests weren?t cut and dried.

HP Rejects Xerox Offer but Remains Open to a Deal
HP rejected a $33 billion takeover offer from Xerox as too low, but the PC and printer maker made clear it is interested in discussing a deal to combine with its smaller rival.

Yahoo Japan and Chat App Line Agree to Merge
Internet portal Yahoo Japan and chat app Line said they have a basic agreement to merge in a deal that includes buying out Line?s minority shareholders.

NFL, MLB Players Tie Up With Private Equity
Professional football and baseball players are teaming up with a private-equity firm in an unprecedented deal to amp up revenue generated from the use of their likenesses and invest it.

One Explanation for Weak Wage Growth: Workers' Reluctance to Switch Jobs
Fewer workers switching jobs may explain why wages have been rising only slowly and inflation staying low, despite low unemployment, some economists say.

Europe's New Jobs Lack Old Guarantees---Stoking Workers' Discontent
Unemployment in Europe is at its lowest level in a generation. Yet workers complain about jobs without benefits or stability. ?They?re garbage jobs.?

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