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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.

 

Wall Street Journal
Commercial News

9/18/21

WSJ.com: US Business

Private Astronauts Float Through Orbit With Video Calls, Cold Pizza, Earth Views
SpaceX says it plans to land crew in the waters off Florida just after 7 p.m. on Saturday.

Lockdowns in Asia Deepen Commodity Supply-Chain Pain
The recent surge in Covid-19 cases in Southeast Asia has throttled ports and locked down plantations and processors, sparking extended disruptions of raw materials such as palm oil, coffee and tin.

FDA Advisory Panel Votes Against Recommending Booster Shots Widely
An advisory panel endorsed Covid-19 boosters for people age 65-plus or at high risk but said there wasn?t enough data to justify giving it to the general population.

U.S. Safety Agency to Probe Fatal Tesla Crash in Florida
The National Transportation Safety Board said its investigation would focus on the operation of the Tesla Model 3 car and a postcrash fire.

State Funds Drop Unilever After Ben & Jerry's Israel Clash
Two months after the ice cream brand moved to stop retailing its products in Jewish settlements in the West Bank, several state funds are selling or threatening to sell their investments in parent company Unilever.

U.S. Economy Shows Resilience During Delta Surge
Americans increased spending at retailers last month, while employers have largely resisted the urge to lay off workers, both signs of strong demand in the economy.

U.S. to Target Crypto Use in Ransomware Attack Payments
The Biden administration is preparing an array of actions, including sanctions, to disrupt the digital finance infrastructure that facilitates ransomware cyberattacks, a national security threat traced to Russia.

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