Hard Money Loans in Fremont: A Thriving Industrial Hub and Thriving Residential Market
For the real estate investor looking to get in on the ground level of a market with a high-wattage future, Fremont is your town. Serendipitous outside investments and geographic proximity to the tech hub of Silicon Valley have helped Fremont to develop and continue to prosper.
Growing transportation infrastructure and increased numbers of commuters from the tech industry make Freemont a prime candidate for real estate development. New residents need affordable, modernized housing, and a hard money loan from Socotra Capital can help you fix and flip an older house and modernize it to suit the developing market.
Understanding the Fremont Real Estate Market
Located in the southeast section of the San Francisco Bay Area, Fremont has a population of around 220,000. It is the fourth most populous city in the San Francisco Bay Area, and the largest suburb in the metropolis. Fremont is the closest East Bay city to Silicon Valley, so it is often associated with the tech industry due to its proximity.
Fremont has enjoyed major business investment in recent years and is building infrastructure to accommodate population growth. Tesla Motors, located in Fremont since 2010, is one of the largest employers in the city. Caltrain is finishing plans for a future rail line that will connect Fremont to East Palo Alto, Menlo Park, and Union City, and is currently undertaking environmental and engineering reviews for a planned Dumbarton Rail line between the Peninsula and Alameda County. Both of these are indicators of a growing area that has the infrastructure to take on more residents.
While the Fremont real estate market looks to grow with the addition of the Caltrain line, it already enjoys healthy growth. Neighborhoods in the Northgate and Vineyards-Avalon regions have grown 17.1% and 15.8%, respectively. The median sales price for homes throughout Fremont has risen a promising 8.9% in the year-over-year index for 2015, placing it at $790,000 as of September 2015.
Socotra Capital Provides Hard Money Loans for the Fremont Market
Fremont’s prime location and future growth make it a great bet for residential real estate development and residential rehab. Don’t miss the chance to capitalize on this ripe marketplace by modernizing Fremont’s older homes to meet the demand of a growing upscale market.
At Socotra Capital, we understand the Fremont real estate market, and our hard money loans can get you the liquidity you need make your fix-and-flip ready for the market. Fremont has the potential and infrastructure for long-term growth and prosperity, and with Socotra Capital, it can have your rehabilitated residential development as well.
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!