Hard Money Loans in Merced: The Gateway to Yosemite is the Gateway to your Real Estate Dreams
Merced, nicknamed the “Gateway to Yosemite,” is a charming town nestled between two of California’s most celebrated natural oases: Yosemite National Park to the east and Monterey Bay to the west. This mountain town serves as the perfect natural backdrop for residential or mixed-use real estate development, attracting residents from around the state.
In addition to its stunning landscape, Merced boasts a strong transportation infrastructure in the form of Amtrak service, multiple bus lines, and Merced Regional Airport. The town also offers proximity to several institutions of higher learning. Within a one-hour radius, approximately 100,000 students attend colleges and universities, including UC Merced; California State University, Stanislaus; California State University, Fresno; and the University of the Pacific.
This stable infrastructure coupled with the growing number of agricultural laborers in need of affordable residential housing make Merced an increasingly important location for residential development and rehab projects. Scooter Capital can get you the hard money loan you need to capitalize on this developing market.
Steady Growth in the Merced Real Estate Market
The local agriculture industry means that Merced attracts a high number of farm laborers in need of affordable housing. These residents support a well-established housing market that continues to attract more laborers due to the affordable housing prices.
The average price per square foot for Merced real estate was $116 in 2015, which is an increase of 2.7% compared to the same period last year. Merced homes are showing steady growth in sales prices, landing at $184,500 this year. Compared to the same period one year ago, the median home sales price is up 6%. Average listing prices are also showing slow, steady growth—a solid indicator of a stable market.
Merced is the ideal location to rescue homes in the foreclosure process and revive them to suit the market to rent or sell. For the creative investor looking to fix and flip an older Merced home, Socotra Capital can provide you with the capital to get your project off the ground.
Get a Hard Money Loans for the Merced Market from Socotra Capital
Merced’s increased demand for affordable residential housing with the influx of agricultural industry make it a great bet for residential real estate development and residential rehab projects. Don’t miss the chance to capitalize on this developing market in Merced.
Merced’s ideal location and recent commercial developments have the area poised to be one of California’s best residential redevelopment sites, and we want to help you get started. At Socotra Capital, we understand the Merced real estate market and our hard money loans can help you get your fix-and-flip ready for the market. Merced 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!