Socotra Capital Provides Hard Money Loans for the Fairfield Real Estate Market
As real estate investors know, sometimes the midway is the best way. Fairfield proves this, making it a great place for real estate investors to catch the next wave of migrating professionals. Fairfield falls directly between the booming tech market of San Francisco and the growing market of Sacramento. This prime location enables Fairfield to attract residents from both cities, with businesses to follow. The market has already begun to reflect this, and a hard money loan from Socotra Capital can help you get in on the action for this great investment opportunity.
Understanding the Fairfield Real Estate Market
This position of the equipoint between two markets is key to understanding the great potential of Fairfield. The city has long served as a great community for people traveling to the Bay Area or the Capital (or points between), especially with the train route passing through, but with the San Francisco market getting full, and even Oakland getting crowded, workers from both areas are looking to expand outwards. Recently, Sacramento has become a tech-hub as well. As both of these areas continue to grow, cities like Fairfield will become increasingly attractive. This influx of talent also brings in new business, which brings in new workers looking for housing.
All of these factors are reflected in the Fairfield real estate market. Median home prices were at an all-time high just before the crash, and have been slowly, but sustainably, approaching that number again. The median sales price still falls below the California average, but it’s on a steady upward trend, indicating that this is the right time to get into the market.
Some of the prominent neighborhoods in Fairfield include Paradise Valley, Laurel Creek, and neighborhoods located west of Interstate 80. The Fairfield downtown is undergoing revitalization and is ready to expand for rehabbers looking to fix-and-flip houses for an incoming population.
Socotra Capital Provides Hard Money Loans for the Fairfield Market
Real estate is all about location and Fairfield is situated in the prime location between two expanding areas looking to venture outwards. We understand the Fairfield real estate market, and our hard money loans can get you the capital you need to thrive in a perfectly positioned city. Fairfield is ready to take full advantage of its prosperous position and Socotra Capital can help you grow with 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!