If you currently own a commercial property, but the property is not acquiring enough income, or your business is losing money, and your credit is poor, commercial hard money mortgage loans are available and easily obtained in these situations. For over the past 31 years, Ocean Pacific Capital has specialized in commercial property backed loans for those difficult to fund property types or special situations that are harder to fund under normal circumstances, such as bridge loans. While these requirements differ between lenders on loan to value ratios, property values and types, it is best to work with someone who has the experience and access to over 130 different lenders to obtain the necessary financing that you need. Properties become an important aspect in obtaining financing as commercial hard money mortgage lenders need a source for repayment. Therefore, if the borrower does not commit to the payments of the mortgage, the hard money lender will be forced to forclose and sell the property as collateral. Most commercial hard money mortgage loans are short-term; however, depending on each case, longer terms are available. We offer commercial hard money loans starting at $500,000 and up. To get started on this process today or for more information on how we can exceed your needs, email or call our commercial loan specialists today.
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Daily Oil & Gas and Wall Street Journal News
Talos Energy along with Block 7 partners and PetrĂłleos Mexicanos (Pemex) have 120 working days to submit a Unitization and Unit Operating Agreement to Mexico's Ministry of Energy for Zama field development.
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Disney World Reopens With Masks and Without Lines Disney fans visiting the company?s Orlando theme park, which reopened Saturday, are finding the limited capacity and strict protocols reassuring but unsettling. ?It?s like a Twilight Zone dream.?
Breaking Down the Pandemic's Toll on the Job Market In the first half of 2020, we saw a decade?s worth of employment gains wiped out in two months, and then about a third of the 21 million lost jobs recovered. Here is a look at who and what kinds of jobs were impacted.
Fed Discloses More Corporate Bond and ETF Purchases The Federal Reserve purchased about $1.3 billion in face value of corporate bonds from June 17 to June 26, boosting its purchases under a market-stabilization buying program to about $1.5 billion at the time.
Charles Elfsten, President
Charles A. Elfsten