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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
12/18/18

Canada to Invest C$1.6B in Oil and Gas Sector
Posted on Monday December 17, 2018

The Canadian government has pledged more than C$1.6 billion to the country's struggling oil and gas sector to support jobs and workers.

North America LNG Rebound to Continue in 2019
Posted on Monday December 17, 2018

North America should lead an expected record year for global LNG project sanctions in 2019, predicts Wood Mackenzie.

HR's Role in the Oil and Gas Digital Transformation
Posted on Monday December 17, 2018

A new survey by KPMG finds that some oil and gas HR executives are still a bit hesitant to transform their workforces to keep up with the industry's digital transformation.

Key UAE Contract Goes to Spanish Firm
Posted on Monday December 17, 2018

The Linear Alkyl Benzene plant will be the first derivative unit to be developed under a $45 billion Ruwais downstream investment program.

No Theft in Saipem Cyber Attack
Posted on Monday December 17, 2018

Saipem reveals there has been no theft or loss of data in connection with the cyber attack it suffered recently.

CNOOC in Cooperation Pact with Majors
Posted on Monday December 17, 2018

China National Offshore Oil Corporation signs strategic cooperation agreements with several oil and gas majors.

Strong Outlook for Offshore Service Market
Posted on Monday December 17, 2018

The outlook for offshore oilfield service contractors is strong, according to Rystad Energy.

Exxon Becomes Permian Drill Chief
Posted on Monday December 17, 2018

ExxonMobil has overtaken rivals to become the most active driller in the Permian Basin.

Oil Dives Lower
Posted on Monday December 17, 2018

Oil dived lower near $49 a barrel as investors sought more assurance that OPEC's output cuts will work in the face of surging U.S. supply.

Oil Prices Fall Below Key Thresholds
Posted on Sunday December 16, 2018

WTI and Brent crude oil futures settled below the psychologically significant $50 and $60 marks, respectively.

Wall Street Journal
Commercial News

12/18/18

WSJ.com: Commercial Real Estate

CBRE Global Investors Buys Stake in Three GGP Malls
One of the world?s largest real-estate asset managers has purchased a 49% stake in three malls in a deal that values them at more than $1 billion and shows that investors still have an appetite for top-tier retail property.

FAO Schwarz Is Returning to New York
A dominant presence in Midtown Manhattan for decades before its closure in 2015, the toy store is coming to life again with a new, 20,000-square-foot Rockefeller Center location.

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.

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