Hard Money Loans in Daly City: Moving On Up
Daly City is an ideal place for real estate investors and those looking to start fix-and-flip projects. Located just south of San Francisco, and with miles of beautiful oceanside property, few cities have benefited more from the tech boom that transformed this local economy. The history and future of Daly City combine to make this one of the better places to invest in a residential rehab, with the help of a hard money loan from Socotra Capital.
Understanding the Daly City Real Estate Market
Daly City has had many cycles of growth, especially in the 1970s, when the BART was expanded and SFO grew. This means that there are a lot of older houses that aren’t quite meeting the eco-friendly and tech-enabled demands of buyers today. Given the prime location of Daly City to attract residents ready to move out of the big city but still stay close to the action, this provides an excellent opportunity for residential rehab projects and profitable investments in rehabbing older homes.
Housing prices in Daly City are on an upward trend, and they’re projected to keep growing. Between 2014 and 2015, we saw an incredible growth of 9.8%. Right now we are at the beginning of a boom, making it a great time for smart professionals to jump right into this prosperous market.
Some of the key neighborhoods in Daly City include Westlake, Hillside, Broadmoor, Crocker, and Original Daly City. Up-and-coming neighborhoods like Serramonte and Top of the Hill tend to be overlooked, but they also provide a key area for investment opportunities. As more residents flock to Daly City from more expensive areas such as San Francisco, neighborhoods will transform. A hard money loan from Socotra Capital can put your investment in the middle of it all.
Socotra Capital Provides Hard Money Loans for the Daly City Market
Location matters, but so does smart planning. Daly City offers opportunities for both, and a smart real estate professional will take advantage of that. We understand the Daly City real estate market and our hard money loans can get you the capital you need to thrive. Daly City is meeting its potential, and Socotra Capital can help you do the same.
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!