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OFFICE BUILDING LOAN

Office building loans are a specific type of commercial loan that is in particular for office buildings and financed through a commercial mortgage. Since 1977, Ocean Pacific Capital has specialized in commercial loans, with a core focus on office building loans. While the paperwork and process of obtaining the loan may seem complicating, challenging, and daunting, we are here to set you on a clear and simplified path. Some of the documents that may be required for qualification of an office building loan include: previous two years' tax documents, profit and loss statements for the past two years, balance statements from the last two years, and income statements from the past two years. Our experience in this industry also allows us to offer one of the lowest and most competitive rates. We offer financing starting at $500,000 to over $1.3 billion plus. Fixed and adjustable rates are also available and can be amortized up to 30 years. Unlike traditional personal mortgages, the financial history of a business or corporation plays a large role in obtaining an office building loan. Also, the value of the property or commercial real estate, outweighs the size of the property. We pride on our ability to surpass our clients' expectations. We helped numerous real estate developers and investors in acquiring an office building loan that best suited their needs. For more information or to start the process today, email us or call us today to speak to one of our experienced commercial loan specialists. We look forward to working with you.


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

 


Daily Oil & Gas and Wall Street Journal News
3/21/19

Texas Posts 15,000+ Industry Jobs During Jan-Feb
Posted on Wednesday March 20, 2019

From January through February, there were 90,718 total job postings for the Texas oil and natural gas industry, of which 15,375 were unique.

Oil Stays Above $60
Posted on Wednesday March 20, 2019

Oil held above $60 a barrel after the biggest withdrawal of crude in American storage tanks since July raised speculation that global supplies are tightening.

Oil Price Clears $60-mark
Posted on Tuesday March 19, 2019

Both the WTI and Brent contract prices finished the day higher.

Will the US Ever Become Part of OPEC+?
Posted on Wednesday March 20, 2019

Experts weigh in on whether the United States will ever join the OPEC+ group.

McDermott Wins Russia Ethylene Tech Contract
Posted on Tuesday March 19, 2019

McDermott will license a 650-kta ethylene plant.

Equinor Subsea Contract Goes to TechnipFMC
Posted on Tuesday March 19, 2019

The Johan Sverdrup ULQ platform topsides. IMAGE SOURCE: KBR

Alberta Increases Oil Production Limits
Posted on Tuesday March 19, 2019

Alberta's government will allow oil producers to pump more in May and June.

Trump Guides Don't See High Oil Prices as All Bad
Posted on Tuesday March 19, 2019

Higher oil prices may not always be a bad thing for the U.S. economy, according to a White House report.

$264B Needed to Realize UK's Oil and Gas Vision
Posted on Tuesday March 19, 2019

$264 billion will need to be spent by exploration and production companies in existing operations and new opportunities to realize the UK oil and gas industry's Vision 2035.

Oil and Gas Employs Near 350,000 Texans in 2018
Posted on Tuesday March 19, 2019

The oil and natural gas industry employed over 348,000 Texans in 2018, TXOGA reveals.

Wall Street Journal
Commercial News

3/21/19

WSJ.com: Commercial Real Estate

CBRE Global Investors Buys Stake in Three GGP Malls
One of the world?s largest real-estate asset managers has purchased a 49% stake in three malls in a deal that values them at more than $1 billion and shows that investors still have an appetite for top-tier retail property.

FAO Schwarz Is Returning to New York
A dominant presence in Midtown Manhattan for decades before its closure in 2015, the toy store is coming to life again with a new, 20,000-square-foot Rockefeller Center location.

Sportswear-Maker Puma to Open New York Flagship
Germany?s Puma has signed a lease deal to creating a marquee location on Fifth Avenue that will be the first of its kind for the company in North America.

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.

Sign of the Times: New Office Space Created in Retail's Tumult
Normandy Real Estate Partners? $133 million deal for the upper portion of ABC Carpet?s flagship store is an example of office space edging into territory that once was retail?s domain.

Want to Buy a Luxury Hotel in the U.S.? Try China's Insurance Regulator
When Chinese regulators seized control of Anbang Insurance, they took ownership of more than a dozen luxury U.S. hotels. Now, as the government looks to sell, it faces a problem: The buildings likely are worth less than what Anbang paid only a couple of years ago.

New York's Commercial Property Slump Shows Signs of Slowing
After a two-year plunge, brokers are optimistic that more deals will take place in 2018.

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