ALL DEVELOPMENT
Ocean Pacific Capital has been in the commercial loan business since 1977. We can fund all development loans from raw land to conversion developments. We have the experience needed to make getting a commercial loan a smooth and easy process for the client.
Development Loans are very flexible and come in a variety of terms to meet your specific needs. Money issued for Development Loans are usually distributed in increments as the Property Development Project meets certain milestones.
Nearly all development and building begins with the purchase of raw land. In the current environment, many lending sources will not make loans on raw, undeveloped land. Ocean Pacific Capital has sources which will enable you to buy raw land which you want to develop for residential sub-division or commercial or industrial use. Conventional lending sources such as banks, savings and loans, pension funds etc. often are not interested in raw land and development financing..
We understand the financing requirements developers and homebuilders need when it comes to land acquisition, development, and developing lot facilities. We originate loans with competitive rates and flexible payment schedules throughout the United States. Our alternative lending sources have much expertise in the evaluation and financing of raw, undeveloped land. We welcome all inquiries from residential subdivision and commercial building developers.
We fund all commercial and construction loans from $1,000,000.00 to $850,000,000.00 nationwide.
- 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 Financing, Equity Partners and /or Secondary / Mezzanine Financing, call our Commercial Loan Department at 1800 595-147 4 or APPLY HERE for a free consultation.
