Hard Money Loans in Plumas County: An Untapped Market Brimming with Natural Beauty
Plumas County encompasses a stunning swath of virtually untouched California land in the northeastern portion of the state, including the fascinating Butterfly Valley Botanical Area, home to rare carnivorous plants native to California. With a hard money loan from Socotra Capital, this beautiful, wild part of the world could also be home to your brand new residential or mixed-use development. As with any relatively new real estate market, there is always a pioneering entrepreneur who sees the area’s potential and opens up its beauty and possibilities for the world. This is your chance to carry on the pioneering spirit of the American West in gorgeous Plumas County.
Understanding the Plumas Real Estate Market
The population of Plumas County is estimated to be at 18,606 as of the 2014 US Census.1 That’s relatively low but it still offers a base of permanent residents and a small economy. Real estate prices remain extremely moderate, with the average price per square foot in the city of Portola at just $90 for the period of July to October 2015. Median home sales prices are also fairly moderate, at $132,000 for the same time period.2
The area is also rife with opportunities for outdoor recreation, offering numerous lakes, lovely hiking trails and campsites, and opportunities for hunting and fishing. The glacial lakes of the area are particularly stunning for their sapphire clarity. Lake Almanor in particular, formed by dams and natural springs, attracts many visitors each year. The more adventurous can find the world’s largest plug dome volcano at Lassen Volcanic National Park. Adjacent to Lake Almanor, in the town of Chester, the area’s permanent residents find retail and permanent housing, thriving on the tourist revenue generated by the nearby natural landmarks. Chester would be an ideal location for investors looking to develop mixed-use or residential housing, and it also holds potential for luxury residential and vacation home development.
It’s not hard to see Plumas County turning into a prime real estate area based on its recreation opportunities. The beauty is there, as well as the opportunities for outdoor activity. Its location in California makes it an attainable destination for city dwellers in the Bay Area or even further north from Seattle and Portland. Don’t miss out on the opportunity to get in on the ground level of what could be a truly exciting development opportunity.
Socotra Capital Provides Hard Money Loans for the Plumas County Market
Socotra Capital provides hard money loans for real estate investment in California’s beautiful Plumas County, which is clearly brimming with potential as a luxury rental or residential destination. Considering its prime California location, natural beauty, and many nature preserves and opportunities for outdoor activity, the area seems poised to support future growth and attract new residents. With a hard money loan from Socotra Capital to power your pioneering vision, you could be the investor who introduces the world to Plumas County. We see the exciting potential in this virtually untapped market, and we can help you set your development vision in motion with quick approval on a hard money loan. Don’t let this opportunity pass you by—investment is within your reach.
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!