San Rafael Hard Money Loans: Real Estate Investing by the Bay
San Rafael is a city that is both historic and growing. With a rich past and a promising future, it offers the perfect combination for real estate professionals, developers, and fix-and-flippers. Situated within commuting distance from major Bay Area cities, with a great canal and easy access to some of the most gorgeous areas in the region, the seat of Marin County is ready for future development. It already has one of the hottest housing markets in the area. A hard money loan from Socotra Capital can help you compete in this market.
Understanding the San Rafael Real Estate Market
San Rafael is all about location and beauty. For years, major studios had headquarters here, including Lucas Films and THX. It is also a hotbed of video game development and other tech industries. The natural splendor draws people in and inspires them to create. Due to its proximity to cities like San Francisco and Oakland, and to the great parks and wild beauty of the North Bay, it is home to one of the better housing markets in the country.
In 2015, the median home sales price was a healthy $845,000, which represented a 10% increase from the year before. San Rafael didn’t experience much of a hit in the recession and the market stayed strong. That’s because it is a great destination for people moving away from the cities, which means that fixing and flipping old houses and renovating them for the new class of tech migrants is a great business strategy.
Some of the top neighborhoods in San Rafael include Gerstle Park, Glenwood, Lucas Valley/Marinwood, Terra Linda, and Santa Venetia. Even though Marin County is one of the most affluent counties in the nation, San Rafael is still affordable in many areas, which allows for a lot of regional immigration. Making some of the older homes more up-to-date is a great business plan in this beautiful city.
Socotra Capital Provides Hard Money Loans for the San Rafael Market
San Rafael is a town built on natural allure and accessibility, and that hasn’t changed. With its proximity to nature and to urban life, San Rafael is a key place for real estate professionals. We understand the San Rafael real estate market, and our hard money loans can get you the funds you need to compete. San Rafael is a consistently good market. Socotra Capital can help get 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!