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
9/22/19
Oil producers drilling so-called parent-child wells in the Permian Basin are risking the loss of 15% to 20% of the crude that can ultimately be recovered from those wells by spacing them too close together.
Enterprise Products Partners will expand and extend its Acadian natural gas pipeline system linking the Haynesville Shale to the LNG market in South Louisiana.
The remnants of Tropical Storm Imelda lashed Houston and coastal Texas, inundating homes, paralyzing travelers, disrupting oil supplies and threatening hospitals and refineries.
The risk of further high-impact attacks against Saudi energy infrastructure is high, according to Verisk Maplecroft.
Wall Street Journal
Commercial News
9/22/19
WSJ.com: US Business
This Company Has Filed 10,000 Appeals to Trump's Tariffs President Trump has said China is paying the cost of tariffs, but many U.S. importers see them as threats and are racing to seek exemptions. One such company has filed nearly two-thirds of all appeals.
Oil Companies, Pushed to Address Climate, Disagree on How As global leaders prepare to debate action on climate change at the United Nations, big oil companies are aiming to show that they are part of the solution to a problem they helped cause.
Deere Turns to U.S. After Growth Stalls Overseas Deere?s incoming chief executive will take charge as the struggling tractor maker switches course from its sluggish global expansion to a narrower focus on its home U.S. market.
The War for Talent in the Age of Netflix In the battle to dominate the new entertainment landscape, Hollywood?s titans are borrowing from Netflix?s playbook, transforming how they do business with writers, producers and stars?and how money is made in entertainment.
Powell's Subtle Messaging to Trump on Trade Fight Fed Chairman Jerome Powell?s press conference this week carried a subtle message for President Trump: If you?re worried about an economic slowdown, find a way to cool down the trade war.
