Long Beach Real Estate: Hard Money Loans for a Unique Community
The Long Beach real estate market holds great promise for developers, investors, and rehabbers. It is a major port city, having some of the deepest waters on the West Coast. The port industry was the heart of Long Beach for a long time, allowing it to grow to one of the most populated cities in California and a major part of the Los Angeles-Long-Beach-Anaheim metropolitan region. The combination of working-class residents and beach-oriented culture makes it a real estate investor’s best friend. A hard money loan from Socotra Capital can help foster that friendship.
Understanding the Long Beach Real Estate Market
To start with, it’s important to understand that there are a few distinct markets in Long Beach. There are the older, single-family, working-class homes, which, given the uptick in the economy, could soon be on the market as people look to upgrade. This is a perfect time to jump in with a refurbishment so your fix-and-flip property will stand out from other homes in the neighborhood.
There is also the increasingly upscale segment of the population that has recently moved away from LA but still wants the big city feel. Luxury condos, houses that are both green and smart, and rental areas in mixed-use developments near retail spaces and restaurants are very important to them. This is a great area to invest in.
Some of the best neighborhoods to invest in include the upscale Bixby Knolls, the artistic and middle-class Naples, the more working-class Hellmen, the young and artsy East Village, and Belmont Heights, a comfortable area for the upper-middle class. Other key neighborhoods include North Long Beach, Belmont Shore, Terminal Island, Eastside, Rose Park, Carrol Park, Broadway Corridor, North Long Beach, and California Heights.
Hard Money Loans from Socotra Capital – Break into the Long Beach Market
Long Beach is an eclectic mix of artistic neighborhoods and working-class, single-family homes, so navigating the right real estate investment can be tricky. Here at Socotra Capital, we understand the market and can help you succeed. We can provide you with a quick approval on a hard money loan so you can take advantage of real estate opportunities as they arise. Long Beach has always been what its residents wanted to make for themselves. Socotra Capital 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!