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
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Daily Oil & Gas and Wall Street Journal News
8/3/20
Independent Oil and Gas PLC has let an engineering, procurement, construction and installation (EPCI) contract to HSM Offshore BV for its core project first phase platforms in the southern UK North Sea.
Gazprom Neft has begun its full-scale development of a major hydrocarbon cluster covering license blocks in the Khanty-Mansi Autonomous Okrug and the Tyumen Oblast in Western Siberia.
Neptune Energy installed subsea oil and gas production flowlines and gas lift flowlines for its Duva (PL636) and Gjøa P1(PL153) developments in the Norwegian sector of the North Sea, 1 year after the projects were approved by Norwegian authorities.
Wall Street Journal
Commercial News
8/3/20
WSJ.com: US Business
Trump Says U.S. Should Get Slice of TikTok Sale Price President Trump confirmed Monday he is open to a deal in which Microsoft or another U.S. company buys the video-sharing app TikTok, but he said the government should receive payment for clearing a purchase.
With Potential TikTok Deal, Microsoft CEO Looks to Expand Audience If there is one trait that would link a TikTok acquisition with the other big deals Microsoft Chief Executive Satya Nadella has done, it is his willingness to pay big bucks to expand the software giant?s universe of users.
FAA Formally Proposes Fixes for Return of Boeing's 737 MAX U.S. air-safety regulators for the first time publicly spelled out the full range of hardware, software, crew training and maintenance changes they are proposing before Boeing?s 737 MAX jets will be allowed to resume flying passengers
Covid Supercharges Federal Reserve as Backup Lender to the World When the coronavirus halted the global economy in March, the U.S. central bank lent massively to counterparts abroad. The action?among its most significant expansions of power yet?cemented the dollar?s dominance.
