Hard Money Loans in San Diego County: Build Your Real Estate Dreams on the Pacific Coast
San Diego County just might be home to America’s most beautiful Pacific beaches. A bold statement, but if you stroll down the boardwalks at Coronado, La Jolla, or Silver Strand, and hear the seals barking below the rocky cliffs into the night air, you might agree, and feel the thrill of the potential this gorgeous real estate has for residential rehab and mixed-use development. San Diego County has an impressive 70 miles of coastline, with a mild mediterranean climate to boot. The county stretches from the border of Tijuana all the way up the coast to San Clemente and as far east as the Anza Borrego Desert, stopping just short of California’s famous Salton Sea. Don’t miss the chance to capitalize on the exciting real estate market in San Diego County. Socotra Capital can get you the financing you need to start work on your development.
The Amazing San Diego County Real Estate Market
San Diego County is the fifth most populous county in the US, but like Los Angeles, the population is relatively spread out rather than packed into urban high-rises. The land area of San Diego County encompasses a wide swath of landscapes from beach to desert, and is the largest metro area that the US shares with Mexico. There is also a large military population in San Diego, with 16 naval and military installations of the U.S. Navy, U.S. Marine Corps, and the U.S. Coast Guard in San Diego County. The county also has a strong foothold in the biotech and healthcare industries. San Diego is economically diverse and continuously attracts new workers, military families, and professionals in need of affordable, quality housing.
Real estate prices are appreciating at a steady pace in San Diego. The average price per square foot in September 2015 was $363, an increase of 6.1% compared to the same period last year. In the same time span, the median home sales price increased 3.7%, or $17,000, and the number of home sales increased 5.1 %. Popular neighborhoods in San Diego include Pacific Beach and Carmel Valley, with average listing prices of $798,201 and $1,147,641. This kind of steady growth is anchored in the strong infrastructure of San Diego County; the population of workers, families, and professionals that migrate to San Diego for work and gorgeous weather; and, of course, the thriving economic climate. With numerous institutions of higher education like UCSD and the University of San Diego, along with strong transportation infrastructure from Los Angeles and Tijuana, San Diego is a vital city poised to thrive well into the future. With a hard money loan from Socotra Capital, your residential rehab or mixed-use development project can become a part of this gorgeous coastal landscape.
Get a Hard Money Loan for the San Diego County Market from Socotra Capital
Don’t miss your chance to capitalize on the vibrant market in San Diego County. Its stunning landscape and growing economy has this area poised to be a successful location for residential rehab and mixed-use developments. At Socotra Capital, we understand the San Diego County real estate market and our hard money loans can get you the liquidity you need to make your development ready for the market. San Diego County will be a vital part of the real estate market for years to come and Socotra Capital can 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!