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
7/10/20
Reconnaissance Energy Africa Ltd. (ReconAfrica) completed a subsurface evaluation delineating large prospective conventional hydrocarbon bearing structures throughout the entire Kavango basin.
Petrobras has contracted Saipem for installation of a rigid riser-based subsea system for the Búzios presalt project. The field lies in Santos basin, offshore Rio de Janeiro, in 1,537-2,190 m of water.
Equinor Energy AS has awarded a framework agreement for engineering and installation services on the North Sea Statfjord field to Norwegian engineering company Apply.
Wall Street Journal
Commercial News
7/10/20
WSJ.com: US Business
Covid Test Results Take Longer as Infections Surge The surge in U.S. coronavirus cases and growing demand for Covid-19 tests are straining the ability of pharmacies and labs to deliver timely results to consumers, causing delays that hamper efforts to contain the virus.
Starbucks to Require Customers to Wear Masks Starbucks will require customers in the U.S. to wear masks at company-operated stores starting next week, a decision that comes as new coronavirus cases rise sharply in parts of the country.
Walgreens to Cut 4,000 Jobs in U.K. Boots Stores, Suspend Buybacks The pharmacy chain said the coronavirus pandemic sliced out around $700 million to $750 million in sales for its latest quarter, with most of the impact tied to its retail-pharmacy business overseas.
Harley-Davidson to Cut 13% of Global Workforce The motorcycle maker?s restructuring plan, including about 700 job cuts, will result in costs of about $42 million in the second quarter.
Tyson Turns to Robot Butchers, Spurred by Coronavirus Outbreaks The pandemic is speeding meatpackers? shift from human meat cutters to automated ones, but machines can?t yet match people?s ability. While meat processing overall has grown safer in recent years, it remains one of the more hazardous jobs in the U.S. economy.
WSJ Survey: Strong U.S. Recovery Depends on Effective Virus Response A strong economic recovery depends on effective and sustained containment of Covid-19, economists said in the latest monthly survey by The Wall Street Journal, with 91% of business and academic economists agreeing ?somewhat? or ?strongly? that economic recovery depends on containing the pandemic.
Mnuchin Sees Stimulus Deal by End of July Treasury Secretary Steven Mnuchin said the Trump administration is working with the Senate to pass a new bill for coronavirus-related economic aid by the end�of July, as enhanced unemployment benefits near expiration.
BRE #:00619059
Charles Elfsten, President
Charles A. Elfsten
