Special use buildings are coined for commercial buildings with special (specific) uses, such as medical offices, dental offices, churches, etc. that cannot be transferable between tenants because they are designed for a specific type of office. Since 1977, Ocean Pacific Capital has assisted its clients to acquire the best special use building financing, designed for their specific needs. We offer loan amounts starting from $500,000 to $100 million plus at competitive rates. We work with real estate developers and investors to ensure that funding is acquired in a cost-efficient and timely manner because we understand the importance of meeting deadlines on projects. Whether you are looking for financing for a 5 suite 1 story building or a 50 floor office tower, we can help you obtain the special use building financing you need. Email us or call us today to speak to one of our commercial loan specialists.
Whatever
your financing needs,
we will tailor a loan that's right for you.
Daily Oil & Gas and Wall Street Journal News
8/15/18
A unit of Citgo Petroleum in September plans to resume long-delayed work to refurbish an idled, 235,000-barrel-per-day (bpd) oil refinery on Aruba, the Caribbean island's government said.
Oil futures slide, with U.S. crude settling 3 percent lower after government data showed a surprise weekly increase in domestic crude stockpiles, compounding worries about the global economic growth outlook.
Shell is officially seeking binding commitments for firm capacity on its Zydeco crude oil pipeline.
Wall Street Journal
Commercial News
8/15/18
WSJ.com: Commercial Real Estate
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.
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.
NYC Council Stops Midtown Tower Construction Work on an 800-foot-tall tower in East Midtown that has been under construction for six months was halted last week following a vote by the New York City Council to limit skyscrapers in the area,.
Malls Never Wanted Gyms. Now They Court Them Mall owners long treated gyms, massage parlors, and billiards halls as unwanted tenants that attracted lower-rent visitors who were unlikely to shop. Now they?re giving health clubs some of their best real estate.
BRE #:00619059
Charles Elfsten, President
Charles A. Elfsten
