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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Mini storage
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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
7/12/20

Talos, Block 7 partners have 120 days to submit unitization plans for Zama field
Posted on Friday July 10, 2020

Talos Energy along with Block 7 partners and PetrĂłleos Mexicanos (Pemex) have 120 working days to submit a Unitization and Unit Operating Agreement to Mexico's Ministry of Energy for Zama field development.

ReconAfrica subsurface evaluation to aid Kavango basin exploration
Posted on Thursday July 09, 2020

Reconnaissance Energy Africa Ltd. (ReconAfrica) completed a subsurface evaluation delineating large prospective conventional hydrocarbon bearing structures throughout the entire Kavango basin.

Equinor awards portfolio agreement for Oseberg upgrade project
Posted on Wednesday July 08, 2020

Equinor has awarded Aibel a portfolio agreement for modification tasks at Oseberg fields in the Norwegian North Sea.

Sound Energy renegotiates contract for eastern Morocco exploration
Posted on Tuesday July 07, 2020

Sound Energy has renegotiated its Anoual exploration permit terms with Morocco's National Office of Hydrocarbons and Mines.

Petrobras awards subsea contract for BĂșzios presalt project
Posted on Monday July 06, 2020

Petrobras has contracted Saipem for installation of a rigid riser-based subsea system for the BĂșzios presalt project. The field lies in Santos basin, offshore Rio de Janeiro, in 1,537-2,190 m of water.

Wall Street Journal
Commercial News

7/12/20

WSJ.com: US Business

From Flour to Canned Soup, Coronavirus Surge Pressures Food Supplies
Grocers are having trouble staying stocked with goods from flour to soups as climbing coronavirus case numbers and continued lockdowns pressure production and bolster customer demand.

Hedge Fund Chatham Wins Bankruptcy Auction for McClatchy's Newspapers
Hedge-fund manager Chatham Asset Management emerged as the winner in a bankruptcy auction for McClatchy, ending 163 years of family ownership for the newspaper chain and increasing financial investors? control of the American publishing industry.

Disney World Reopens With Masks and Without Lines
Disney fans visiting the company?s Orlando theme park, which reopened Saturday, are finding the limited capacity and strict protocols reassuring but unsettling. ?It?s like a Twilight Zone dream.?

Covid-19 Hits Cruise-Ship Crews Hard
Cruise-ship workers suffered from more confirmed cases of Covid-19 than passengers, according to newly released government data.

Quit Chrome. Safari and Edge Are Just Better Browsers for You and Your Computer.
Could this be the year when you pack up your bookmarks and switch from Google Chrome to another browser? Joanna Stern weighs alternatives like Microsoft?s Edge and Apple?s Safari.

Breaking Down the Pandemic's Toll on the Job Market
In the first half of 2020, we saw a decade?s worth of employment gains wiped out in two months, and then about a third of the 21 million lost jobs recovered. Here is a look at who and what kinds of jobs were impacted.

Fed Discloses More Corporate Bond and ETF Purchases
The Federal Reserve purchased about $1.3 billion in face value of corporate bonds from June 17 to June 26, boosting its purchases under a market-stabilization buying program to about $1.5 billion at the time.

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