Since 1977, Ocean Pacific Capital has helped developers and investors find unique and competitive nonrecourse construction loans across the nation. Our access to the local, regional, national, and international construction lenders allows us to acquire the best loan for our clients. Regardless of size and shape of the project, we can find the right financing source for you. Depending on each case, the maximum loan to cost can range from 80% to 90% and the maximum loan to value can range from 70% to 80% of the completed value. Although most lenders usually only offer recourse construction loans, there are several lenders who offer nonrecourse construction financing for larger loan amounts. These nonrecourse construction loans are available for retail construction loans, office building construction loans, apartment construction loans, and industrial building construction loans. Ocean Pacific Capital provides a large range of loan programs to match our real estate developers and investors’ financing needs and requirements. Our resources are some of the most widespread in this industry, offering one of the most competitive rates and terms, which allows us to continually meet our clients’ expectations for over the past 31 years. We understand the goals involved with obtaining a nonrecourse construction loan. Whether those goals are short-term, long-term, to maximize cash flow, turn-around property, etc, we have the means to acquire the financing necessary to fulfill your goals. To learn more about this program or any other programs that we offer, email or call us today to contact our commercial loan specialists.
your financing needs,
we will tailor a loan that's right for you.
Daily Oil & Gas and Wall Street Journal News
Kushner Cos., Brookfield Near a Deal for Stake in 666 Fifth Ave. The real estate arm of Brookfield Asset Management is in advanced talks with Kushner Cos. to buy roughly a 50% stake in 666 Fifth Ave. and invest hundreds of millions of dollars in the Manhattan office tower, which has been at the center of a controversy over possible conflicts of interest involving Jared Kushner, President Donald Trump?s son-in-law and adviser.
NYC Council Stops Midtown Tower Construction Work on an 800-foot-tall tower in East Midtown that has been under construction for six months was halted last week following a vote by the New York City Council to limit skyscrapers in the area,.
Malls Never Wanted Gyms. Now They Court Them Mall owners long treated gyms, massage parlors, and billiards halls as unwanted tenants that attracted lower-rent visitors who were unlikely to shop. Now they?re giving health clubs some of their best real estate.
Charles Elfsten, President
Charles A. Elfsten