Hard Money Loans in Livermore: Meeting a Growing Real Estate Need
As an already-prosperous town experiencing steady economic growth, Livermore is rife with investment opportunities for the savvy developer. This midsize city located just south of the Bay Area reported a median household income of $97,379 in 2015, giving it the third highest income for a midsize city in the nation. With strong ties to the science and tech industries, a redeveloped downtown area, and an anchored community of family homes, Livermore is poised to continue to grow and prosper.
For real estate professionals looking to be part of this growing and important market, a hard money loan from Socotra Capital, California’s leading equity-based lender, can get you in the door.
Understanding the Livermore Economic Landscape
Livermore attracts a highly educated demographic of professionals and families who are interested in its proximity to the Bay Area, family-oriented community, top-tier public schools, and stunning California wine country landscape. The median sales price for homes in Livermore is rising steadily, and has gone up a stunning 8.7% from June to September 2015, now reaching $667,000. The average price-per-square-foot for this year was $396, which is an impressive increase of 6.7% compared to the same period last year.
This wealthy town is full of investment potential and still growing. Residents need more upscale residential homes as the population and the median income continue to rise. The intellectual and environmentally conscious demographic in Livermore creates demand for modernized technologies, automated home technologies, and green energy design. The Northside Livermore Area in particular is populated with well-built older homes, duplexes, and commercial properties that just need a little care and capital to get them updated to the current market and bring in a return on your investment.
The largest employer in Livermore is the Lawrence Livermore National Laboratory (LLNL), a federally funded research and development center funded by the Department of Energy. Many Livermore residents also work in green energy development. These industries attract both blue-collar and white-collar workers, and the wine industry stimulates local tourism. Proximity to the Bay Area makes Livermore an increasingly important residential hub for workers in science and tech that have ties with Silicon Valley and the UC Berkeley system.
Socotra Capital Provides Hard Money Loans for Livermore Development
For the investor that wants to renovate an older home to meet the needs of a prosperous and growing market, Livermore offers the ideal market for a fix-and-flip developer, and Socotra Capital offers you the liquidity and opportunity to capitalize on it. Don’t let the initial investment capital stop you from taking advantage of this market: Socotra Capital is invested in the potential of the Livermore real estate market, and is willing to invest in you!
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!