With over 31 years of experience in the commercial finance industry and access to numerous lending products and services designed specificially for the hotel and resort industry, we are a leading provider of capital to a increasing number of owners, commercial developers, and operators. Ocean Pacific Capital not only provides the best hospitality financing solutions efficiently, but also at competitive rates. Whether you are looking to build and construct new hotels, acquire an exisiting hotel, relocate, or refinance a current hotel, we have the programs specifically structured and tailored to meet your needs. We will also consider mezzanine debt pieces, bridges, and equities. We provide hospitality financing across the nation with loan amounts starting at $500,000 to $1.3 billion plus for larger transactions. Although pricing is based upon the quality of the real estate and the credit strength of the deal, our close relationships to the lenders allow us to have competitive pricing. For first position debt, we offer up 75% LTV and up to 90% LTV with mezzanine, construction, and bridge debt. We strive to accommodate and meet our clients needs so give us a call or email us today for your hospitality financing needs..
Whatever
your financing needs,
we will tailor a loan that's right for you.
Daily Oil & Gas and Wall Street Journal News
9/19/20
Wellesley Petroleum AS drilled a dry hole in North Sea production license 829, about 75 km north of Gjøa field and 60 km northwest of Florø in 211 m of water.
BW Energy provided an alternative development plan for Hibiscus-Ruche, in the Dussafu Marin permit and associated Ruche Exclusive Exploitation Area offshore Gabon.
Theia Energy has entered a land use agreement with the Karajarri Traditional Lands Association enabling the company to move forward with its unconventional oil and gas exploration plans in the onshore Canning basin permit EP 493.
Triangle Energy (Global) Ltd., Perth, has raised $2.2 million (Aus.) through a share placement and intends to raise a further $1 million via a share purchase plan to current shareholders.
Wall Street Journal
Commercial News
9/19/20
WSJ.com: US Business
U.S. Bans Chinese Apps TikTok and WeChat, Citing Security Concerns The Trump administration will begin restricting downloads and use of popular Chinese-owned apps TikTok and WeChat late Sunday, in a move U.S. officials said arose from national security concerns but which drew objections for impinging on free-speech rights.
Judge to Hear Arguments on Trump's WeChat Restrictions A California federal judge will hear arguments Friday as part of an emergency push to delay enforcement of President Trump?s order placing restrictions on the app WeChat.
WeChat Ban Rattles Chinese Communities in U.S. Many Chinese-Americans and U.S. businesses with a largely Chinese clientele say they rely on WeChat as their primary tool for keeping in touch with people in China and in Chinese communities throughout the world.
Jobless Rates in Northeast, West Are Highest in Nation Unemployment rates in regions across the U.S. moved down this summer after peaking in April, when the coronavirus first triggered widespread lockdowns. Still, jobless rates clocked in above 10% in 10 states.
