Since 1977, Ocean Pacific Capital has specialized in commercial mortgages. Whether our clients are considering commercial mortgage acquisition loan or commercial mortgage refinance of an existing loan, we offer many financing options. A commercial mortgage is a loan that is secured by real estate as collateral in case the borrower defaults on the loan. Similar to a residential mortgage, collateral for a commercial mortgage is a commercial building or business real estate, rather than a residential property. Therefore, a commercial mortgage acquisition and refinance differs from a residential mortgage acquisition and refinance in the type of property utilized as collateral. Also, a commercial mortgage refinance is typically taken on by businesses rather than individuals. However, the individuals may be a part of a partnership, incorporated business, or a limited company; therefore a business' credit is assessed more heavily than in a residential refinance. While most commercial mortgages are non recourse, meaning that if the borrower defaults on the monthly mortgage payments, the lender or creditor may seize the property listed as collateral, regardless of its value. Thus, the borrower is not responsible for the difference if the mortgaged property does not complete the remaining balance of the loan. For more information on obtaining a commercial mortgage refinance, contact our commercial mortgage refinance specialist today!
Whatever
your financing needs,
we will tailor a loan that's right for you.
Daily Oil & Gas and Wall Street Journal News
1/20/20
Libya's eastern warlord kept virtually all of the nation's oil fields shut in a show of defiance after world leaders failed to persuade him to sign a peace deal.
Oil jumped back above $65 a barrel as supply disruptions in Iraq and Libya reignited concerns over the market's vulnerability to geopolitical risk in key production regions.
The U.S. rig count increased for the first time this year as the nation added 14 oil rigs and one gas rig.
Wall Street Journal
Commercial News
1/20/20
WSJ.com: US Business
Hospitals Give Tech Giants Access to Detailed Medical Records It isn?t only Google that can tap into patients? digital health records: Microsoft and IBM also have signed agreements with major hospital systems giving them the ability to access patients? identifiable data.
Sears Woes Hit Hometown Stores Since Eddie Lampert acquired the chain, store owners have struggled to get products and compete with lower prices from sears.com, causing some to consider leaving their contracts.
Google Pushes 'Sensible' Ideas for How to Regulate AI Silicon Valley executives and lobbyists like to say they embrace regulation. Now they?re launching a frenzy of lobbying on what they want that regulation to be?and Europe is set to be one of the first battlegrounds.
Foreign Investment Falls to Near-Decade Low as Globalization Slows New overseas investment by businesses around the world fell for the fourth-straight year in 2019 to its lowest level in almost a decade, pointing to a slowdown in globalization as the world-wide economy cooled.
BRE #:00619059
Charles Elfsten, President
Charles A. Elfsten
