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.
your financing needs,
we will tailor a loan that's right for you.
Daily Oil & Gas and Wall Street Journal News
Both the WTI and Brent finished higher Wednesday as the spread between the two benchmarks reached levels not seen since Nov. 2018.
Wall Street Journal
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.
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.