Since 1977, we have helped many clients find the best short term loan or bridge loan for their situation.
Call us toll-free at 1-800-595-1474
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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

 
 
 

Short Term Loan

Short Term Loans or Bridge Loans are usually 90 days to a one year term with options for extension. The short term loan amount ranges from $1,000,000.00 to $50,000,000.00 within the Continental USA on most property types.

Short term loans offer the advantage of a relatively fast closing time -as fast as is necessary or possible. The closing time frame can actually be closed within a few days given there are no unusual issues and most of the paper work, legal work and title work is in order and any required and ordered third party reports for any given transaction do not experience delays. Existing third party reports may be acceptable and in some cases appraisals may not even be required.

The property types considered are apartments, retail, office, industrial, residential condominiums, gas stations, raw land, multifamily, mixed use, self storage, commercial condominiums, warehouses, motel, hotel, single tenant, assisted living facilities, automotive facilities and nursing homes. Loan proceeds can be used for acquisition or purchases, construction (improvement and renovation construction, gut rehab construction, ground up construction and infrastructure construction) or for refinancing with or without cash out.

There are no strict rules as to the structuring of any given deal and each lender is different in their outlook and risk assessment. With a large network of lenders at our disposal, Ocean Pacific Capital can find you a program that best fits your unique situation.

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
12/6/19

Oil Prices Up for the Week
Posted on Thursday December 05, 2019

Both WTI and Brent are up for the week, but only one of the benchmarks is up dramatically for the period.

Chevron Invests in Electric Motor Maker
Posted on Thursday December 05, 2019

Chevron Technology Ventures has invested in an electric motor manufacturer that aims to disrupt the oil and gas and other industries.

Petrofac Mulls Offshore Oil Asset Sale in Malaysia
Posted on Thursday December 05, 2019

Petrofac Ltd., the U.K.-listed oilfield service provider, is weighing a sale of its Malaysian assets for about $300 million.

US Drops Five Oil Rigs
Posted on Thursday December 05, 2019

The U.S. idled five oil rigs and added two gas rigs for a net loss of three rigs this week.

US Loses Thousands of Upstream Jobs in November
Posted on Thursday December 05, 2019

The U.S. saw a sharp decline in support activities for mining in November, according to data released Friday from the U.S. Bureau of Labor Statistics.

Halliburton Confirms More Layoffs in Oklahoma
Posted on Thursday December 05, 2019

Halliburton has confirmed job cuts in Duncan, Oklahoma, just days after closing a facility in El Reno, Oklahoma.

OPEC+ Agrees to Redistribute Oil Cuts
Posted on Thursday December 05, 2019

OPEC+ will adjust its output target and redistribute production cuts between its members under pressure from Saudi Arabia.

Solstad Announces Several Contract Awards in Dec
Posted on Thursday December 05, 2019

Solstad Offshore ASA has announced several contract awards this month already.

Providence Founder Steps Down
Posted on Thursday December 05, 2019

Tony O'Reilly has stepped down from the position of chief executive officer of Providence Resources and resigned from the board with immediate effect.

Aramco Raises $25.6B in World's Biggest IPO
Posted on Thursday December 05, 2019

Saudi Aramco raised $25.6 billion from the world's biggest initial public offering.

Wall Street Journal
Commercial News

12/6/19

WSJ.com: US Business

Trump Administration Weighs Putting Amazon Foreign Sites on 'Notorious Markets' List
The Trump administration is considering putting some of Amazon.com Inc.?s overseas operations on a list of global marketplaces known for counterfeit goods, according to people familiar with the matter.

Facebook in Talks to Add More New York Office Space
Facebook is in talks to lease a landmark Manhattan building in a deal that would make it one of New York?s largest corporate tenants and would help offset the lack of Amazon?s second headquarters earlier planned for the city.

Creators of 'My Favorite Murder' Podcast Land a Deal With Scripps
The creators of a popular true-crime podcast have signed a deal worth at least $10 million with E.W. Scripps?s Stitcher podcasting unit, according to people familiar with the deal, signaling the nascent medium?s rapid growth.

'The Irishman' Isn't Netflix's Biggest Splash Despite Big Stars and Director
Netflix?s mob drama ?The Irishman? attracted 13.2 million viewers in the U.S. during its first five days of availability, according to Nielsen, well short of the streaming service?s best-performing movie title, ?Bird Box,? which cost far less to make.

Disney Disturbs the Force: Pleasing Star Wars Fans Complicates Skywalker Saga
?The Rise of Skywalker? looms as a big hit and everyone loves Baby Yoda. But there?s also a disgruntled contingent of fans, a string of fired directors, a movie spinoff that left audiences cold and a decline in ticket sales. ?We?re gonna hit pause.?

Strong U.S. Hiring Eases Concerns About Economy
The U.S. job market strengthened in November, as employers added 266,000 jobs and unemployment matched a 50-year low, fueling the economic expansion.

November Jobs Report Affirms Fed Officials' Make-No-Moves Stance
Federal Reserve officials will feel comfortable maintaining their wait-and-see posture on interest rates after Friday?s report showing robust U.S. hiring in November.

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