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
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.

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.

Bankruptcy Is Better Option for Small Businesses With New Law
Lawyers expect a surge in small-business failures in the coming months. A new law, they say, will make many business owners realize that filing for bankruptcy might be a better option than struggling for years.

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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