Since 1977, we have specialized in offering the best non recourse commercial mortgage rates in the market.
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5-Star Mobile Home Parks
Apartments
Apartment Buildings
Assisted living facilities
Auto repair garages
Boutique hotels
Car dealerships
Care facilities
Car wash facilities
Casinos
Church financing
Congregate care
Drugstores
Walgreens
CVS Pharmacies
Rite Aid
Energy
Ethanol plants
Factories
Factory outlets
Franchises
Gas stations
Golf courses
Grocery stores
Hospitality
Hotels
Housing developments
Independent living facilities
Industrial parks
Land acquisitions
Manufacturing facilities
Medical facilities
Medical offices
Mini storage
Mixed use
Mobile home parks
Movie theaters
Office buildings
Offices
Parking garages
Post Offices
Private schools
Raw land
Regional malls
Residential subdivisions
Resorts
Restaurants
Retail centers
RV parks
Senior housing
Shopping centers
Ski resorts
Special use buildings
Strip centers
Student housing
Tract development
Warehouse distribution centers
Warehouses
Wineries

 
 
 

Non Recourse Commercial Mortgage

A non recourse commercial mortgage loan is a type of secured loan that is secured by collateral, such as a commercial property, that the borrower is not personally liable. Therefore, if the borrower defaults on the loan, the lender can confiscate the property as collateral. However, the lender's recovery is limited to the collateral. This is due to the fact that if real estate prices have dropped, causing the value of the property to fall and thus, does not cover the entire remaining loan balance, the lender loses money on that difference. These loans are typically only limited to 80% or 90% loan to value ratio to prevent over-collateralization of the loan. Since 1977, Ocean Pacific Capital has offered non recourse commercial mortgage across the nation for acquisition or refinance of existing properties, income-producing and owner occupied. Commercial properties that that eligible are multi-family, mixed-use, office, retail, industrial, hotels, apartments, self-storage, and hospitality. Transaction sizes start at $500,000 and up to no upper limit. Our experience in this industry allows us to offer our clients the most competitive rates available in the market. We have helped numerous real estate developers, investors, and businesses obtain necessary financing through non recourse commercial mortgage. Let us help you. For more information or to see if you qualify, email or call our commercial loan specialists today.


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

 


Daily Oil & Gas and Wall Street Journal News
6/4/20

CNOOC grants Empyrean 12-month extension for first phase drilling at Block 29/11
Posted on Wednesday June 03, 2020

China National Offshore Oil Corp. (CNOOC) has granted a 12-month extension to Empyrean Energy for the first phase of exploration drilling in Block 29/11, offshore China, due to the COVID-19 pandemic and the resultant global control policies.

Ineos completes Norwegian Sea farm-out to Rex unit
Posted on Monday June 01, 2020

Ineos E&P Norge AS closed a deal May 29 to transfer 15% interest in two Norwegian Sea licenses to Lime Petroleum AS (LPA), a 90% subsidiary of Rex International Holding Ltd., LPA said June 1.

ANPG provides data package for oil exploration onshore Angola
Posted on Friday May 29, 2020

The Angola National Agency of Oil, Gas, and Biofuels has provided more onshore data for oil exploration in the Lower Congo and Kwanza onshore basins ahead of an official announcement to begin new bidding rounds.

APT identifies lower Jurassic source rocks offshore Canada
Posted on Friday May 29, 2020

Applied Petroleum Technology (APT), Oslo, has identified lower Jurassic source rocks and a genetically related set of oil shows in the Southern Grand Banks petroleum system offshore Canada.

Jersey gains operatorship of UKCS license P2170
Posted on Wednesday May 20, 2020

Wall Street Journal
Commercial News

6/4/20

WSJ.com: US Business

UAW Ex-President Pleads Guilty to Embezzlement, Racketeering Charges
Former United Auto Workers President Gary Jones pleaded guilty to embezzlement of union funds and racketeering, marking the highest-profile conviction yet in the government?s yearslong investigation into labor corruption within the auto industry.

Snap Says It Won't Promote Trump's Snapchat Account
Social-media company Snap said it will no longer promote the Snapchat account of President Trump on its home page after finding that his public remarks could incite racial violence, a spokeswoman said.

Chicken Industry Executives Indicted on Price-Fixing Charges
The CEO of one of the country?s biggest chicken producers and three other industry executives were indicted on charges they conspired to fix prices on chickens sold to restaurants and grocery stores, the Justice Department?s first charges in a continuing criminal antitrust probe.

FedEx Adds New Delivery Fees to Manage Strain From Coronavirus
The delivery giant plans to impose surcharges on merchants with too many shipments and oversize packages, following a similar move by rival UPS.

'Everything Is Gone': Looting Strikes a Second Blow to Reeling Businesses in Minority Neighborhoods
Along Philadelphia?s 52nd Street corridor, mom-and-pop stores suffered major damage. Many had been gearing up for revival after weeks of coronavirus shutdowns, and some now face the prospect of months before reopening, if ever.

Coronavirus Pandemic Drives Unemployment Up Across U.S. Metro Areas
The coronavirus pandemic caused unemployment to rise in every metropolitan area in the U.S. in April, the first full month of widespread stay-at-home orders and business shutdowns, hitting hardest tourist destinations and factory towns.

A Painful Economic Reversal of Fortune for African-Americans
The fallout from the pandemic and protests highlights the income and wealth gaps that leave black Americans vulnerable.

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