Ocean Pacific Capital specializes in fixed commercial mortgage interest rates, which makes budgeting and planning easier for our clients' businesses. Fixed interest rate commercial mortgages have a fixed rates and payments for the entire length of the loan. While the length of the loan is easier to budget, it also provides stability in a market whose rates are always changing. Because mortgage rates can fluctuate on a daily to yearly basis, businesses could be paying higher interest rates. Therefore, it is vital that individuals and their businesses are aware of their costs every year. The length of the term can range from 5 to 20 year as interest rates are set as spreads and loan to value, subject to each underwriting criteria, can be up to 90%. Our experience in this industry since 1977 have given us access to a variety of lenders that offers competitively-priced purchase and refinance mortgage programs, which includes no credit, poor credit, good credit, to conventional and jumbo mortgage loans for residential loans. However, commercial mortgages differ from residential mortgages because these loans are utilized to finance commercial properties, such as multi-family apartments, retail, office, and shopping centers. When lenders qualify borrowers for a commercial mortgage interest rate, credit history of the borrower is important, but credit history of the business and directors have a larger emphasis as the risk of the commercial venture is cautiously evaluated. At Ocean Pacific Capital, regardless of your situation, we work with you to ensure that you get placed in the right loan, whether it is fixed or adjustable interest rates. Our ability to properly structure these commercial loans allows us to help borrowers obtain the necessary financing with one of the most competitive commercial mortgage interest rates. Email or call us to today to contact our commercial loans specialists to see what kind of loan we can tailor to suit your needs.
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Charles Elfsten, President
Charles A. Elfsten