Since 1977, we've specialized in obtaining permanent mini storage loans for purchases or re-financing.
Call us toll-free at 1-800-595-1474
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5-Star Mobile Home Parks
Apartments
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Assisted living facilities
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Hotels
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Independent living facilities
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Medical facilities
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Mini storage
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Mobile home parks
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Mini Storage Loan

Ocean Pacific Capital has been in the commercial loan business since 1977. We have the experience needed to make getting a commercial loan a smooth and easy process for the client.

We specialize in obtaining permanent mini storage loans for purchases or re-financing. It's easy to apply or call us toll free at 1-800-595-1474 for a free consultation. Our access to an extensive network of commercial lenders allows us to offer multiple alternative loan scenarios. Our 28 years of experience in the commercial loan business will be utilized to present your qualifications in the best light possible to a multitude of lenders.

When comparing both rents and overall development costs, these properties most often have rents that are lesser, but have a total development cost that is up to half that of retail, multi-family, office, or warehouse properties. To the lender, this means a significantly less of an investment or financing of loans on self-storage units to be serviced while enjoying comparable rent rolls to other real-estate investments.

The real costs of operating managing and maintaining the property is another big factor that appeals to investors and lenders. Mini-storage operating costs can range from $1.50 to $2.00 per net leasable square foot. Other commercial real-estate properties could range from $2.50 to $3.50 per square foot. Apartments and multi family units, office warehouses, and retail shopping properties have to continually keep up the grounds, plumbing, electrical fixtures and a variety of other maintenance items. This usually require the employ of a substantial maintenance staff.

Lenders of mini storage loans like the numbers. The real story in comparing these properties to other real estate investments is that the investor can get a much higher ROI or Return On Investment. Secondly, the investor's initial investment is a third or half of other investments. The investor does not have to be concerned about additional cash requirements involving tenant improvements or ongoing major maintenance.

The statistics for these investments are encouraging. Lenders financing purchase and refinance loans of mini storage properties take note that the number of these properties that went into the FDIC or RTC for sale due to foreclosure was quite less than other real-estate properties being foreclosed. Of the 8 percent in self-storage facility failures, a large number of properties were taken back because they were collateral for other projects.

What is the reason for a large difference in success between self mini storage and other real estate commercial investments? What are the main factors that give this investment the extra advantage for surviving tough times? During those times when a certain market is experiencing an economic come back business grows, employment opportunities increase and sales of single-family homes start to rise.  Research by lenders of these property's rent rolls during these times should show a higher percentage of mobile customers and people moving into the market for the first time. On the commercial side, increased business actively means an increased volume of commercial tenants.

On the other hand, when the economy starts to slow down, the same happens to business, employment and the markets  in general. However, the opposite effect still causes the same mobility that most often benefits mini-storage. People begin to move or selling their houses and moving into smaller homes or apartments. Commercial businesses pullback or look to mini-storage for storing inventories. Approving financing applications for loans on mini self storage investments are attractive to commercial lenders.

A staggering economy does have a negative impact on this industry. During down turns in the economy, multi-family vacancy rates can increase as much as 25 percent, while office and retail vacancies increase as much as 30 percent. This is lost revenue to commercial office and retail properties. It is not recovered until the market's and the economy recovers .

We fund all commercial and construction loans from $500,000.00 to $1,300,000,000.00 worldwide.

  • Debt coverage ratios from 1.10 up
  • Adjustable and Fixed Programs
  • Loan to cost up to 100%
  • Loan to value up to 90%
  • 10 to 30 year Financing

If you need Commercial Monies, Equity Partners and /or Secondary / Mezzanine Financing, call our Commercial Loan Department at 1800 595-1474 or apply today for a free consultation.

 


Whatever your financing needs,
we will tailor a loan that's right for you.

 


Daily Oil & Gas and Wall Street Journal News
10/18/19

Oil Prices Rise Again
Posted on Wednesday October 16, 2019

WTI and Brent crude oil finished higher for the second consecutive day.

$4B India Complex Might Use Wind and Solar Power
Posted on Wednesday October 16, 2019

This photo shows the designed site for the chemical complex, Mundra Port in Gujarat, India. PHOTO SOURCE: Adani

Saudi Aramco to Delay IPO Launch
Posted on Wednesday October 16, 2019

Saudi Aramco has postponed the launch of the world's largest IPO, a move that may put the oil giant's planned November listing in jeopardy.

Rangeland Midstream Canada Begins Oil Pipeline Construction
Posted on Wednesday October 16, 2019

Rangeland Energy III LLC subsidiary, Rangeland Midstream Canada, Ltd., has begun construction of its Marten Hills Pipeline System.

Marathon Petroleum Board, Investors in Talks About CEO
Posted on Wednesday October 16, 2019

Marathon Petroleum Corp. board members are meeting this week with activist investors to discuss CEO Gary Heminger's future and the company's strategy amid calls to split up its businesses.

Gulf Oil Production to Set Records Through 2020
Posted on Wednesday October 16, 2019

Annual oil production in the Gulf of Mexico is expected to jump to 1.9 million bpd in 2019.

Aramco's IPO Comes in Midst of Rough Times for Saudi Markets
Posted on Wednesday October 16, 2019

Anyone buying into Saudi Aramco's initial public offering in anticipation of a quick rebound in the country's stock market may be in for a disappointment.

Asian Buyers Seek Oil From Closer to Home
Posted on Wednesday October 16, 2019

Soaring oil tanker costs are boosting Asian demand for crude grades produced closer to home.

BHGE Drops the GE
Posted on Wednesday October 16, 2019

Baker Hughes, a GE company (BHGE) reported Thursday that it has changed its name to Baker Hughes Co.

Buyer for Chevron's UK Fields Seeks Funds From Traders
Posted on Wednesday October 16, 2019

A unit of Delek Group is seeking alternative means of financing to complete its $2B acquisition of some of Chevron’s North Sea oil and gas assets.

Wall Street Journal
Commercial News

10/18/19

WSJ.com: US Business

AT&T in Talks to Resolve Elliott Management's Activist Campaign
AT&T is in talks with Elliott Management to resolve the activist investor?s campaign for change at the phone and media giant, people familiar with the matter said.

Businesses Give Draft Brexit Deal Cautious Welcome, but Questions Remain
European businesses welcomed a potential deal to avoid a messy break between the U.K. and European Union, but investment plans that many companies have put on hold aren?t likely to get started anytime soon.

Why Your Next Louis Vuitton Bag May Hail From Texas
The global luxury brand, born in Paris, has found a home on the range to make handbags for a world of picky consumers and trade wars.

Zuckerberg Rebuffs Calls for Tighter Controls
In a rare policy speech that could have ramifications for the U.S. presidential campaign and social movements world-wide, the Facebook CEO asserted his commitment to free speech over more aggressive policing of social-media platforms.

Juul Halts Online Sales of Some Flavored E-Cigarettes
Juul is halting online sales of its sweet and fruity e-cigarette refill pods as federal regulators prepare to pull most nicotine vaping products off the market in response to a surge in teen vaping.

Fed Eyes Another Rate Cut, Weighs When to Stop
Federal Reserve officials are heading into their meeting in two weeks likely to cut interest rates while debating whether they?ve done enough for now to vaccinate the economy against growing risks of a sharper slowdown.

House Republican Asks for Details on Fed Balance-Sheet Operations
The top Republican on the House Financial Services Committee is seeking more details about the Fed?s plan to expand its asset portfolio and wants to know whether regulations played a role in recent dysfunction in short-term lending markets.

BRE #:00619059
Charles Elfsten, President
Charles A. Elfsten
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