Hard Money Loans in Concord: New Homes for New Jobs
Concord has become a booming location for real estate professionals. Long known as a well-off bedroom community for San Francisco and Oakland, Concord has grown both with the tech industry and on its own. New industries are moving into the city as it continues to attract affluent residents of its bigger Bay Area neighbors. With rising prices, this city by the bay is full of possibility for real estate professionals with hard money loans from Socotra Capital.
Understanding the Concord Real Estate Market
The economic keyword in Concord over the last few decades has been “diversity.” It is no longer just a place for San Francisco’s employees to sleep at night. It plays host to many large corporate headquarters, which have brought jobs and a rising prosperity. In addition, many Bay Area tech companies have back-offices and regional satellites in the city, which attract residents who want to live in the suburbs but don’t want to commute. Overall, this raises the standard of living and raises property values. This is great news for real estate professionals.
This news is reflected in home prices, which were up 7% year-over-year in 2015. This is an ideal number, because while it is significant, it is modest enough to indicate steady, sustainable growth. Home prices are still low enough to make rehabbing a good investment, using smart technology and eco-friendly updates to appeal to a new generation of homebuyers.
Some of the more happening neighborhoods in Concord include Clayton Valley Highlands (which is booming thanks to an influx of young professionals), Ellis Lake, Canterbury Village, Sun Terrace, and Dana Estates. Baldwin Park is also showing growth. The downtown area is picking up new restaurants and boutique shopping to go along with new business, which are all signs of a city on the rise.
Socotra Capital Provides Hard Money Loans for the Concord Market
Concord is in a great location, and it’s a place that understands how to use big city growth to fuel its own rise. Socotra Capital understands the Concord real estate market and our hard money loans can get you the capital you need to compete in the Bay Area. Concord is ready to embrace its future. Socotra Capital can help you be a part of it.
Socotra Capital is California’s premier hard money lender for your real estate investment needs. Contact us today to get started on your quick approval!