Commercial Real Estate Loans Refinancing Commercial Real Estate Commercial Mortgage 10 Year Fixed Rate 30 Year Amortization
A commercial mortgage is a mortgage loan secured by commercial property, such as an office building, shopping center, industrial warehouse, or apartment complex. The proceeds from a commercial mortgage are typically used to acquire, refinance, or redevelop commercial property.
Commercial mortgages are structured to meet the needs of the borrower and the lender. Key terms include the loan amount (sometimes referred to as "loan proceeds"), interest rate, term (sometimes referred to as the "maturity"), amortization schedule, and prepayment flexibility. Commercial mortgages are generally subject to extensive underwriting and due diligence prior to closing. The lender's underwriting process may include a financial review of the property and the property owner (or "sponsor"), as well as commissioning and review of various third-party reports, such as an appraisal.
There were $3.1 trillion of commercial and multifamily mortgages outstanding in the U.S. as of June 30, 2013. Of these mortgages, approximately 49% were held by banks, 18% were held by asset-backed trusts (issuers of CMBS), 12% were held by government-sponsored enterprises and Agency and GSE-backed mortgage pools, and 10% were held by life insurance companies.
Commercial mortgages can be structured as first liens or, if a greater loan amount is desired, the borrower may be able to obtain subordinate financing as well, sometimes structured as a mezzanine note or as preferred equity, which generally carries a higher interest rate.
Interest rates for commercial mortgages may be fixed-rate or floating rate. Fixed-rate mortgages on stabilized commercial real estate are generally priced based on a spread to swaps, with the swap spread matched to the term of the loan. Market interest rates as well as underwriting factors greatly affect the interest rate quoted on a particular piece of commercial real estate. Interest rates for commercial mortgages are usually higher than those for residential mortgages.
Many commercial mortgage lenders require an application fee or good-faith deposit, which is typically used by the lender to cover underwriting expenses such as an appraisal on the property. Commercial mortgages may also have origination or underwriting fees (paid at close as a reduction in loan proceeds) and/or exit fees (paid when the loan is repaid).
The term of a commercial mortgage is generally between five and ten years for stabilized commercial properties with established cash flows (sometimes called "permanent loans"), and between one and three years for properties in transition, for example, newly opened properties or properties undergoing renovation or repositioning (sometimes called "bridge loans"). Mortgages on multifamily properties that are provided by a government-sponsored enterprise or government agency may have terms of thirty years or more. Some commercial mortgages may allow extensions if certain conditions are met, which may include payment of an extension fee. Some commercial mortgages have an "anticipated repayment date," which means that if the loan is not repaid by the anticipated repayment date, the loan is not in default.
Commercial mortgages frequently amortize over the term of the loan, meaning the borrower pays both interest and principal over time, and the loan balance at the end of the term is less than the original loan amount. However, unlike residential mortgages, commercial mortgages generally do not fully amortize over the stated term, and therefore frequently end with a balloon payment of the remaining balance, which is often repaid by refinancing the property. Some commercial mortgages have an interest-only period at the beginning of the loan term during which time the borrower only pays interest.
Commercial loans vary in their prepayment terms, that is, whether or not a real estate investor is allowed to refinance the loan at will. Some portfolio lenders, such as banks and insurance companies, may allow prepayment flexibility. In contrast, for a borrower to prepay a conduit loan, the borrower will have to defease the bonds, by buying enough government bonds (treasuries) to provide the investors with the same amount of income as they would have had if the loan was still in place.
A commercial mortgage is typically taken on by a special purpose entity such as a corporation or an LLC created specifically to own just the subject property, rather than by an individual or a larger business. This allows the lender to foreclose on the property in the event of default even if the borrower has gone into bankruptcy, that is, the entity is "bankruptcy remote".
Commercial mortgages may be recourse or non-recourse. A recourse mortgage is supplemented by a general obligation of the borrower or a personal guarantee from the owner(s) of the property, which makes the debt payable in full even if foreclosure on the property does not satisfy the outstanding balance. A nonrecourse mortgage is secured only by the commercial property that serves as collateral. In an event of default, the creditor can foreclose on the property, but has no further claim against the borrower for any remaining deficiency.
If a sponsor is seeking financing on a portfolio of commercial real estate properties, rather than a single property, the sponsor may choose to take out a cross-collateralized loan, in which the all of the properties collateralize the loan.
Lenders may require borrowers to establish reserves to fund specific items at closing, such as anticipated tenant improvement and leasing commission (TI/LC) expense, needed repair and capital expenditure expense, and interest reserves.
Lenders usually require a minimum debt service coverage ratio which typically ranges from 1.1 to 1.4; the ratio is net cash flow (the income the property produces) over the debt service (mortgage payment). As an example if the owner of a shopping mall receives $300,000 per month from tenants, pays $50,000 per month in expenses, a lender will typically not give a loan that requires monthly payments above $227,273 (($300,000-$50,000)/1.1)), a 1.1 debt cover.
Lenders also look at loan to value (LTV). LTV is a mathematical calculation which expresses the amount of a mortgage as a percentage of the total appraised value. For instance, if a borrower wants $6,000,000 to purchase an office worth $10,000,000, the LTV ratio is $6,000,000/$10,000,000 or 60%. Commercial mortgage LTV's are typically between 55% and 70%, unlike residential mortgages which are typically 80% or above.
Lenders look at rents per square foot, cost per square foot and replacement cost per square foot. These metrics vary widely depending on the location and intended use of the property, but can be useful indications of the financial health of the real estate, as well as the likelihood of competitive new developments coming online.
Since the financial crisis, lenders have started to focus on a new metric, debt yield, to complement the debt service coverage ratio. Debt yield is defined as the net operating income (NOI) of a property divided by the amount of the mortgage.
Lenders typically do thorough extreme due diligence on a proposed commercial mortgage loan prior to funding the loan. Such due diligence often includes a site tour, a financial review, and due diligence on the property's sponsor and legal borrowing entity. Many lenders also commission and review third-party reports such as an appraisal, environmental report, engineering report, and background checks.
Providers of commercial mortgages
Banks, large and small, are traditional providers of commercial mortgages. According to the Federal Reserve, banks held $1.5 trillion of commercial mortgages on their books as of June 30, 2013.
Conduit lenders originate commercial mortgages and hold them as investments for a short period of time before securitizing the loans and selling CMBS secured by the underlying commercial mortgage loans. Conduit lenders include both banks and non-bank finance companies. Approximately $560 billion of commercial mortgages were held by issuers of CMBS as of June 30, 2013, according to the Federal Reserve.
Securitization of commercial mortgages in its current form began with the Resolution Trust Corporation's (or RTC's) commercial securitization program in 1992-1997. The RTC applied an approach similar to the one it had begun successfully using with residential mortgages, issuing multiple tranches of securities secured by diversified pools of commercial mortgage loans. Following the introduction of the securitization methods by the RTC, private banks began to originate loans specifically for the purpose of turning them into securities. These loans are typically structured to forbid prepayment beyond a specified amortization schedule. This makes the resultant securities more attractive to investors, because they know that the commercial mortgages will remain outstanding even if interest rates decline.
New CMBS issuance peaked in 2007 at $229 billion. Then, the subprime mortgage crisis and the resultant global financial crisis caused CMBS prices to fall dramatically, and new issuances of CMBS securities came to a virtual halt in 2008-2009. The market has begun to recover, with $12 billion in new issuance in 2010, $37 billion in new issuance in 2011, and $48 billion in new issuance in 2012.
Government-sponsored enterprises such as Fannie Mae and Freddie Mac, as well as government corporations such as Ginnie Mae, are active lenders for multifamily commercial real estate (that is, apartment buildings) in the United States. Approximately $390 billion of multifamily residential mortgages were held by government-sponsored enterprises or Agency and GSE-backed mortgage pools as of June 30, 2013, representing 12% of total commercial mortgages outstanding and 43% of multifamily commercial mortgages outstanding at that time.
Insurance companies are active investors in commercial mortgages, and hold approximately $325 billion of commercial mortgages as of June 30, 2013.
Mortgage brokers do not provide commercial mortgage loans, but are often used to obtain multiple quotes from different potential lenders and to manage the financing process.
Correspondent Lenders do not loan their own money, but provide front end services such as origination, underwriting, and loan servicing for lenders that utilize these types of companies. The correspondent often represents lenders in a particular geographic area.
Santa Ana / / (Spanish for "Saint Anne") is the county seat and second most populous city in Orange County, California. The United States Census Bureau estimated its 2011 population at 329,427, making Santa Ana the 57th most-populous city in the United States.
Santa Ana is located in Southern California, adjacent to the Santa Ana River, about 10 miles (16 km) away from the California coast. Founded in 1869, the city is part of the Greater Los Angeles Area, the second largest metropolitan area in the United States with almost 18 million residents in 2010. Santa Ana is a very densely populated city, ranking fourth nationally in that regard among cities of over 300,000 residents (trailing only New York City, San Francisco, and Boston). In 2011 Forbes ranked Santa Ana the fourth-safest city of over 250,000 residents in the United States.
Santa Ana lends its name to the Santa Ana Freeway (I-5), which runs through the city. It also shares its name with the nearby Santa Ana Mountains, and the Santa Ana winds, which have historically fueled seasonal wildfires throughout Southern California. The current Office of Management and Budget (OMB) metropolitan designation for the Orange County Area is Santa Ana–Anaheim–Irvine, California.
See also: Timeline of Santa Ana, California
After the 1769 expedition of Gaspar de Portolá out of Mexico City, then capitol of New Spain, Friar Junípero Serra named the area Vallejo de Santa Ana (Valley of Saint Anne, or Santa Ana Valley). On November 1, 1776, Mission San Juan Capistrano was established within this valley. This Santa Ana Valley comprised most of what is now called Orange County.
In 1810, year of the commencement of the war of Mexican Independence (1810–1821), Jose Antonio Yorba, a sergeant of the Spanish army, was granted land that he called Rancho Santiago de Santa Ana. Yorba's rancho included the lands where the cities of Olive, Orange, Irvine, Yorba Linda, Villa Park, Santa Ana, Tustin, Costa Mesa and unincorporated El Modena, and Santa Ana Heights, are today. This rancho was the only land grant in Orange County granted under Spanish Rule. Surrounding land grants in Orange County were granted after Mexican Independence by the new government.
Claimed in 1869 by Kentuckian William H. Spurgeon on land obtained from the descendents of Jose Antonio Yorba, Santa Ana was incorporated as a city in 1886 with a population of 2000 and in 1889 became the seat of the newly formed Orange County.
In 1877, the Southern Pacific Railroad built a branch line from Los Angeles to Santa Ana, which offered free right of way, land for a depot, and $10,000 in cash to the railroad in exchange for terminating the line in Santa Ana and not neighboring Tustin. In 1887, the California Central Railway (which became a subsidiary of the Atchison, Topeka and Santa Fe Railway the following year) broke the Southern Pacific's local monopoly on rail travel, offering service between Los Angeles and San Diego by way of Santa Ana as a major intermediate station. By 1905 the Los Angeles Interurban Railway, a predecessor to the Pacific Electric Railway, extended from Los Angeles to Santa Ana, running along Fourth Street downtown. Firestone Boulevard, the first direct automobile route between Los Angeles and Santa Ana, opened in 1935; it was enlarged into the Santa Ana Freeway in 1953.
Santa Ana was the home of the original Glenn L. Martin aviation company, founded in 1912 before merging with the Wright Company in 1916. Later, Glenn Luther Martin created a second company of the same name in Cleveland, Ohio which eventually merged with the Lockheed Corporation to form the largest defense contractor in the world, Lockheed Martin.
During World War II, the Santa Ana Army Air Base was built as a training center for the United States Army Air Forces. The base was responsible for continued population growth in Santa Ana and the rest of Orange County as many veterans moved to the area to raise families after the end of the war.
In 1958, Fashion Square Mall was built, adjoining the existing Bullock's Department Store building that was built in 1954. It opened north of downtown and became a major retail center for the area. In 1987, the mall was completely renovated and became MainPlace Mall (now Westfield MainPlace).
Having been a Charter City since November 11, 1952, the citizens of Santa Ana amended the Charter November 1988 to provide for the direct election of the Mayor who until that point had been appointed from the council membership. The current mayor of Santa Ana is Miguel A. Pulido, the first mayor of Latino descent in the city's history and the first Mayor directly elected by the voters.
Since the 1980s, Santa Ana has been characterized by an effort to revitalize the downtown area which had declined in influence. The Santa Ana Artist's Village was created around Cal State Fullerton's Grand Central Art Center to attract artists and young professionals to live-work lofts and new businesses. The process has continued into 2009 with the reopening of the historic Yost Theater.
Santa Ana is located at(33.740717, -117.881408).
According to the United States Census Bureau, the city has a total area of 27.5 square miles (71 km2). 27.3 square miles (71 km2) of it is land and 0.2 square miles (0.52 km2) of it (0.90%) is water. It is the 4th most densely populated place in the United States with a population of 300,000 or more with 12,471.5 people per sq. mile.
Santa Ana is nested on flat, low-lying plains with little land elevation change. Running through the west end of the city is the mostly channelized Santa Ana River, which is also largely seasonal due to the construction of the Prado Dam and Seven Oaks Dam. The river has caused several severe floods in the 20th century, and is a continued threat despite the existence of the dams.
Now fully developed, Santa Ana has several distinct districts. The core of the city is the downtown area, which contains both retail and housing, as well as the Santa Ana Civic Center which is a dense campus of administrative buildings for both the city and the county of Orange. The civic center is also home to the Ronald Reagan Federal Building and Courthouse. Several historic homes dating from the late 1800s can be found as well, and their preservation is a key issue as development of the downtown area continues.
Near the intersection of the Santa Ana Freeway and the Costa Mesa Freeway is the newly designated "Metro East" area, which the city council has envisioned as a secondary mixed-use development district. Currently the area is occupied by several office towers, but little retail or housing. Also on the east side of the city is the Santa Ana Zoo, notable for its collection of monkeys and species from South and Central America.
The south end of the city is part of the South Coast Metro area, which is shared with the city of Costa Mesa. South Coast Plaza, a major shopping center, is the primary destination of this area, which also contains several high-rise office and apartment buildings.
Santa Ana experiences a hot-summer Mediterranean climate (Köppen: Csa), with warm, dry summers and mild, wet winters. The summer months of June to September average a daytime high of 83 °F (28.3 °C) and a nighttime low of 63 °F (17.2 °C). The winter months of December to March average a daytime high of 70 °F (21.1 °C)and a nighttime low of 48 °F (8.9 °C). Rainfall averages about 13.6 in (345 mm) per year, most of which falls from November through April. There are an average of 36 days with measurable precipitation annually.
The record high temperature for Santa Ana was 112 °F (44 °C) on June 14, 1917. The record low temperature was 22 °F (-6 °C) on December 31, 1918, and January 1, 1919. There are an average of 25.6 days with highs of 90 °F (32 °C) or higher and an average of 0.2 days with lows of 32 °F (0 °C) or lower.
The wettest year in Santa Ana was 1941 with 32.36 inches (822 mm) and the driest year was 1961 with 3.55 inches (9.0 cm). The most rainfall in one month was 13.99 inches (35.5 cm) in February 1998. The most rainfall in 24 hours was 4.69 inches (119 mm) on February 16, 1927.
According to the California State Department of Finance, Demographic Research Unit, the current population for 2015 is 335,264. As of 2015, 52,582 residents are enrolled in Santa Ana Unified School District K-12 schools with 11,156 resident students attending Garden Grove schools within Santa Ana and Garden Grove city limits in Garden Grove Unified School District.
According to the Orange County Registrar of Voters, 93,915 residents are registered to vote.
According to the State of California, Employment Development Department, 161,100 residents are a part of the civilian labor force.
The 2010 United States Census reported that Santa Ana had a population of 324,528. The population density was 11,793.3 people per square mile (4,553.4/km²). The racial makeup of Santa Ana was 148,838 (45.9%) White (9.2% Non-Hispanic White), 4,856 (1.5%) African American, 3,260 (1.0%) Native American, 34,138 (10.5%) Asian, 976 (0.3%) Pacific Islander, 120,789 (37.2%) from other races, and 11,671 (3.6%) from two or more races. Hispanic or Latino of any race were 253,928 persons (78.2%).
The census reported that 319,870 people (98.6% of the population) lived in households, 1,415 (0.4%) lived in non-institutionalized group quarters, and 3,243 (1.0%) were institutionalized.
There were 73,174 households, out of which 41,181 (56.3%) had children under the age of 18 living in them, 41,389 (56.6%) were opposite-sex married couples living together, 11,808 (16.1%) had a female householder with no husband present, 6,451 (8.8%) had a male householder with no wife present. There were 4,933 (6.7%) unmarried opposite-sex partnerships, and 556 (0.8%) same-sex married couples or partnerships. 9,254 households (12.6%) were made up of individuals and 3,378 (4.6%) had someone living alone who was 65 years of age or older. The average household size was 4.37. There were 59,648 families (81.5% of all households); the average family size was 4.54.
The age distribution of the population was as follows: 99,678 people (30.7%) under the age of 18, 39,165 people (12.1%) aged 18 to 24, 102,399 people (31.6%) aged 25 to 44, 61,375 people (18.9%) aged 45 to 64, and 21,911 people (6.8%) who were 65 years of age or older. The median age was 29.1 years. For every 100 females there were 104.4 males. For every 100 females age 18 and over, there were 104.6 males.
There were 76,896 housing units at an average density of 2,794.4 per square mile (1,078.9/km²), of which 34,756 (47.5%) were owner-occupied, and 38,418 (52.5%) were occupied by renters. The homeowner vacancy rate was 1.9%; the rental vacancy rate was 4.9%. 154,045 people (47.5% of the population) lived in owner-occupied housing units and 165,825 people (51.1%) lived in rental housing units.
During 2009–2013, Santa Ana had a median household income of $53,335, with 21.5% of the population living below the federal poverty line.
As of the census of 2000, there are 337,977 people, 73,002 households, and 59,788 families residing in the city. The population density is 4,808.2/km² (12,451.9/mi²). There are 74,588 housing units at an average density of 1,061.1/km² (2,748.0/mi²). The racial makeup of the city is 42.73% White, 1.70% African American, 1.19% Native American, 8.81% Asian, 0.34% Pacific Islander, 40.64% from other races, and 4.58% from two or more races. 76.07% of the population are Hispanic or Latino of any race.
There are 73,002 households out of which 53.2% have children under the age of 18 living with them, 60.6% are married couples living together, 13.5% have a female householder with no husband present, and 18.1% are non-families. 12.7% of all households are made up of individuals and 4.6% have someone living alone who is 65 years of age or older. The average household size is 4.55 and the average family size is 4.72.
In the city the population is spread out with 34.2% under the age of 18, 12.8% from 18 to 24, 34.1% from 25 to 44, 13.5% from 45 to 64, and 5.5% who are 65 years of age or older. The median age is 26 years. For every 100 females there are 107.7 males. For every 100 females age 18 and over, there are 108.7 males.
The median income for a household from 2005-2009 was $54,521. The median income for a household in the city is $43,412, and the median income for a family is $41,050. Males have a median income of $23,342 versus $21,637 for females. The per capita income for the city is $12,152. 19.8% of the population and 16.1% of families are below the poverty line. Out of the total population, 24.1% of those under the age of 18 and 10.4% of those 65 and older are living below the poverty line.
Santa Ana is the corporate headquarters of several companies including Behr Paint, CoreLogic, Corinthian Colleges, First American Corporation, Greenwood & Hall, Ingram Micro, The Orange County Register, SchoolsFirst Federal Credit Union, STEC, TTM Technologies, beverage company Kern's, and Wahoo's Fish Taco. It also houses major regional headquarters for the Xerox corporation, Ultimate Software, and T-Mobile. Nonprofits based in Santa Ana include Open Doors.
In recent years, the nearby city of Irvine has outpaced Santa Ana in commercial growth, with the Irvine Business District located near John Wayne Airport. To compete with this, Santa Ana has approved commercial projects in the South Coast Metro area, as well as the "Metro East" development, located at the confluence of the Santa Ana Freeway and the Costa Mesa Freeway.
The Historic South Main Business District contains many older retail shops and other small businesses. It extends from downtown Santa Ana southwards on Main Street to the South Coast Metro area.
Santa Ana is part of a metropolitan area which includes Los Angeles and Long Beach. When it comes to gross metropolitan product of U.S. metro areas, Los Angeles-Long Beach-Santa Ana, CA is ranked number two in 2013 with a GMP of $792.2 billion. When gross domestic product (GDP) and gross metropolitan product (GMP) for country or metro area were compared, Los Angeles-Long Beach-Santa Ana, CA ranked number 20 for their 2013 numbers. The ranking for Santa Ana was higher than both Saudi Arabia and Switzerland, which ranked 21 and 22 respectively. The estimated annual growth rate of United States metro area economies from 2013-2020 is 2.9 percent with $686.5 billion in 2013 and an estimated $838.2 billion in 2020.
According to real gross metropolitan product and employment growth rates from 2013 to 2015, the Los Angeles-Long Beach-Santa Ana, CA metropolitan area ranked number two according to its 2013 GMP. Its percent change in employment was 1.7 in 2013, 1.1 in 2014, and 1.5 in 2015 and its percent change in real GMP 2.7 in 2013, 1.8 in 2014, and 2.6 in 2015. Real gross state and metropolitan output in terms of annual growth percentages in the metropolitan area of Los Angeles-Long Beach-Santa Ana, CA was 2.3 in 2014 and 3.3 in 2015. In terms of end of the year value, the metro area unemployment rates in Los Angeles-Long Beach-Santa Ana, CA were 9.6 percent in 2012, 8.5 percent in 2013, 7.6 percent in 2014, and 7.0 percent in 2015, and will be approximately 6.7 percent in 2016. The unemployment growth rate from 2012 to 2016 is negative 2.9 percent.
There was a recession in the last 2000s (decade) and the expected year for return to peak employment for the Los Angeles-Long Beach-Santa Ana, CA area is 2015. The pre-recession peak year was 2007. Due to the recession, 519.3 thousands of jobs were lost, this was a decline percent was 9. According to the Employment Development Department, the current unemployment rate for 2015 is 5 percent.
When it comes to building activity, the total valuation of all construction comes up to be $155,402,851.
According to the City's 2010 Comprehensive Annual Financial Report, the top employers in the city are:
Other large employers include Western Medical Center, Freedom Communications Inc, TTM Technologies, Integrated Healthcare Holdings Inc, Universal Services of America, MSC Software Corp, and Sterns Learning Inc.
Arts and culture
Recreation and attractions
Santa Ana has a number of parks. Disneyland and Knott's Berry Farm amusement parks are located northwest of Santa Ana, several kilometers away. Beaches are located around 20 minutes to the south, accessible by the 55 freeway. Huntington Beach and Newport Beach as well as other coastal communities offer shopping, dining, boating, swimming and surfing.
Sites of interest
Santa Ana has several wall paintings and murals depicting local history, community events and cultural diversity in Orange County.
Santa Ana has highly competitive high school and collegiate sports teams playing at Santa Ana Stadium and the recently opened Santa Ana Unified School District Sports Complex Stadium. Mater Dei High School has one of the most successful and reputable American football programs in the country. The Dons of Santa Ana College are one of the most successful soccer teams in the state of California, and is a frequent top finisher, statewide. In 2008, the Dons clinched their fifteenth consecutive Orange Empire Conference title. The college is also known for its historically successful baseball teams, and for producing former Texas Rangers and current Los Angeles Angels pitcher C.J. Wilson.
Santa Ana utilizes a mayor-council form of government. The council consists of six members who are elected by the populace of the city. Each member serves for four years and can serve a total of three terms. A mayor pro tem is elected by the council members from within the council.
Mayor Miguel Pulido is currently under investigation by the city attorney for a property swap involving a city contractor, in which the mayor ended up profiting $200,000. The mayor voted for a $1.4-million city contract with an auto parts firm, NAPA Orange County, just over a year after he bought a home from the firm's owner for $230,000 less than fair market value.
Santa Ana is one of a few cities in Orange County where Democratic Party registration outnumbers that of the Republican Party. In the 2008 Presidential Election, Barack Obama defeated John McCain in the city by a margin of 20,357 votes, 65% to 32%. This was despite Obama losing to fellow Democrat Hillary Clinton in the city during the Democratic Primary. Despite the city's high percentage of Democrats, however, the city tends to vote conservatively on social issues, much like the rest of northern Orange County. It voted Yes on California Proposition 8 by 61.9%, above the county's average of 57.7%. On California Proposition 4, which would have amended the California Constitution to require minors to notify their parents before having an abortion, Santa Ana voted in favor of the measure by 62.0%, much higher than the county as a whole, which voted in favor of the measure by only 54.3%.
In the United States House of Representatives, Santa Ana is split between California's 46th congressional district, represented by Democrat Loretta Sanchez, and California's 48th congressional district, represented by Republican Dana Rohrabacher.
Santa Ana Unified School District includes thirty-seven K–5 elementary schools, nine 6–8 intermediate schools, eight 9–12 high schools, five special schools, and one charter school. Some elementary schools are: John Adams Elementary School, Manuel Esqueda Elementary School, Diamond Elementary School. The school district provides an online accountability report card.
Santa Ana Unified School District's public high schools include Valley High School (Santa Ana), Middle College High School, Santa Ana High School, Saddleback High School, Century High School, newly opened Segerstrom Fundamental High School and Godinez Fundamental High School, and other public schools in the area, along with the Orange County High School of the Arts in the midtown district.
The Roman Catholic Diocese operates Mater Dei High School. The Diocese also operates several K–8 schools in Santa Ana, including School of Our Lady, Saint Anne, Saint Barbara, and Saint Joseph. (Immaculate Heart Of Mary And Our Lady Of the Pillar schools were closed in 2005 and merged into the School of Our Lady, which is located at Immaculate Heart of Mary Parish.
The city is home to Santa Ana College, a two-year public community college, as well as California Coast University, and the Orange County branch of the Art Institute of California. Taft Law School a correspondence law school is also based in Santa Ana. Trinity Law School is a Christian, CBE-accredited law school that is the only California campus of the Trinity International University system of schools. Detective Training Institute is a correspondence/distance learning institution that offers private investigator diplomas and is approved to operate by the Bureau for Private Postsecondary Education. Career Networks Institute College is a post secondary occupational learning center for allied health is also based in the city.
A few freeways run through Santa Ana, connecting the city to other areas in Orange County, the Greater Los Angeles Area, and beyond. The Santa Ana Freeway (Interstate 5) heads north to Los Angeles, and south towards Southern Orange County and San Diego. The Garden Grove Freeway (State Route 22) runs along near Santa Ana's northern border, connecting Long Beach to the west and the City of Orange to the east. The Costa Mesa Freeway (State Route 55) travels south to Costa Mesa; and then north to the Riverside Freeway (State Route 91), providing a connection to Riverside.
Amtrak, the national passenger rail system, provides service to Santa Ana several times on weekdays with less frequent service on weekends. It operates its Pacific Surfliner between San Diego to the south and either Los Angeles or Paso Robles to the north (see Santa Ana Regional Transportation Center). Greyhound USA is the largest bus transportation service in Santa Ana. Greyhound serves the continental United States and Canada. The bus lines Crucero, Intercalifornias, and others serve all points into Mexico.
Santa Ana is in the preliminary stages of implementing a street car system that will connect the Santa Ana Train station to Downtown Santa Ana.
Public transit bus service is available via the Orange County Transportation Authority (OCTA).
Law enforcement is provided by the Santa Ana Police Department from three stations throughout the city. The department includes five canine units, an 11 officer equestrian unit and a 37-member SWAT team. The city shares a helicopter with the cities of Costa Mesa and Newport Beach via the Airborne Law Enforcement (ABLE) program.
In March 2012, the city disbanded its municipal fire department which had provided fire protection for 128 years and contracted with the Orange County Fire Authority.
Main article: List of people from Santa Ana, California
do you become famous? Helping people! Changing their lives and making
a difference in their lives.
COMMERCIAL REAL ESTATE LOANS SANTA ANA CA, (949) 354-2485 SANTA ANA CA COMMERCIAL REAL ESTATE LOANS, COMMERCIAL REAL ESTATE LOANS IN SANTA ANA CA, commercial real estate financing, Shopping Center Loans, Apartment Complex Loans, Factory Loans, Industrial Loans, Office Building Loans, Warehouse Loans, Industrial Building Loans, Mixed=Use Loans, Single Use Loans, Owner Occupied Loans, Medical Building Loans, Commercial Real Estate Purchase, Commercial Real Estate Refinance, 1031 Exchanges, Business Acquisions Loans, Business Expansion Loans, Equipment Loans, Lines Of Creding, Long Term Working Capital, Debt Refinancing, commercial real estate, Commercial Mortgage California, California Commercial Real Estate,Commercial,Associates,commercial real estate,commercial real estate sales, commercial leasing, property management,commercial land,commercial real estate agents,commercial real estate realtors,cre agents,cre, Orange County CA, Los Angeles, San Diejo, Riverside, Inland Empire, San Francisco, San Jose, Santa Clara, Long Beach, Anaheim