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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
5/22/18

Oil Holds Near 3-Year High Amid Venezuela Sanction Concerns
Posted on Monday May 21, 2018

Oil settled slightly lower after trading near the highest price in almost 3 1/2 years.

Cheniere Moves Ahead With Corpus Christi LNG Expansion
Posted on Monday May 21, 2018

Cheniere says it has approved the construction of a third liquefaction unit.

Data: Valero Boosts Imports Of Venezuelan Oil As Sanctions Loom
Posted on Monday May 21, 2018

Valero this year boosted its imports of Venezuelan crude ahead of US sanctions over the country's disputed presidential election.

Indian Oil To Turn To Traditional Suppliers To Meet Iran Oil Shortfall
Posted on Monday May 21, 2018

IOC will turn to its traditional oil suppliers if US sanctions against Iran result in supply disruptions, its head of finance says.

US LNG, Ethanol Sellers Buoyed By China Trade Talks
Posted on Monday May 21, 2018

China's interest in reducing its trade surplus with the US through increased energy imports could advance plans for US LNG plants and ethanol sales.

Goldman Sachs: Oil Producers Boost 2019 Hedging
Posted on Monday May 21, 2018

Oil producers have picked up the pace in hedging against further production in 2019, Goldman Sachs says.

Over $40MM Of Fuel Stolen From Shell Refinery, Singapore Court Docs Show
Posted on Monday May 21, 2018

Singapore authorities have levied new charges against a group of fuel thieves operating at Shell's oil refinery in Singapore.

BP To Cut 3% Of Upstream Jobs By Year-End
Posted on Monday May 21, 2018

BP says it plans to cut 3% of jobs in exploration and production.

Australia's Santos Rejects Harbour Energy's Final $10.8B Takeover Offer
Posted on Monday May 21, 2018

Australia's Santos terminates discussions with Harbour Energy.

Egypt Sets Deadlines For Oil And Gas Exploration Bids
Posted on Monday May 21, 2018

Egypt has set October 1 and October 8 deadlines for 2 major international tenders for oil and gas exploration spanning 27 onshore and offshore blocks, the oil ministry says.

Wall Street Journal
Commercial News

5/22/18

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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