Fresno Real Estate Market: Hard Money Loans for the Heart of the Valley
It’s hard to say what’s at the heart of such a great and sprawling state like California, but Fresno would be a good choice. Fresno is close to the geographical center of California, but more than that, it serves as the crossroads between some of the major cities and the incredible forests and parks, like Yosemite, that give our state its natural character. Fresno has a foot in both worlds, which might be why it continues to grow by nearly double-digits in every decade, a trend that is still continuing. This growth provides great opportunities for real estate investors who want to use an equity-based hard money loan to break into the local market.
Understanding the Fresno Real Estate Market
Growth is key to Fresno. The population has more than doubled since 1980, from a little over 200,000 to more than half a million. It is also an incredibly diverse population, with large Armenian and Hmong communities. This means that Fresno is always in flux and older units are constantly being replaced by newer ones. These older properties, especially in up-and-coming neighborhoods, are perfect for those looking to fix-and-flip by making key renovations to get the house back on the market. These properties are also good for those looking to fix-and-rent, as the influx of people keeps the rental market steady.
Some of the key neighborhoods a smart investor might be looking at include:
- Sunnyside: Residential and near the country club, yet reasonably priced.
- Tower District: Lots of fests, fairs, and concerts. Popular as a rental area, with great food.
- West Side: A very old neighborhood that’s very diverse. Lots of single-family homes and subdivisions. A perfect place to refurbish a house for people with some income who want to stay close to where they grew up.
- Sierra Sky Park: A unique community popular with aviators where planes can share the road. A fun and cool place for young people to live.
Hard Money Loans from Socotra to Break into the Fresno Real Estate Market
We understand the Fresno real estate market, and we know what it takes to thrive. Whether you are looking to take advantage of a rebuilding downtown or want to refurbish in the residential outer rings, we can get you a fast approval so you can get to work right away and take advantage of new opportunities. Fresno is a growing community that’s still small enough to feel like a family environment. Socotra Capital’s hard money loans will 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!