Hard Money Loans in Santa Clara County: Real Estate in the Heart of Silicon Valley
Santa Clara County is nestled at the southern end of the San Francisco Bay. Home to the highly urbanized and affluent area known as Silicon Valley, as well as San Jose, the largest city in Northern California, this region is an undeniably attractive location for real estate. The influx of residents and professionals accompanying the tech sector has made the entire county a white-hot market for residential and commercial real estate development.
This county’s cream-of-the-crop market is rife with potential for both residential and mixed-use development. Imagine how your real estate development goals can be realized in the rich cultural landscape of Santa Clara County. With Socotra Capital, this is all within your reach, and we can provide the hard money loan to get you started.
Understanding the Santa Clara County Real Estate Market
This area is best known for its tech sector and the iconic Silicon Valley, which originally kickstarted the area’s transition from an agricultural center to an urbanized metropolitan area. By the 1990s, San Jose’s location within the booming tech industry earned the city the nickname “Capital of Silicon Valley.” San Jose is now considered to be a global city, and is notable for its affluence and high cost of living. In 2014, the city had a population of 1,015,785, according to the US Census.
The large concentration of high technology engineering, computer, and microprocessor companies around San Jose and Silicon Valley has been economic gold for the area. The wide variety of local colleges and universities, including UC Berkeley, UC Santa Cruz, SF State, and Stanford, keep the economy and the science community stocked with recent engineering and computer science grads joining the workforce every year.
San Jose and the surrounding areas have an above-average cost of living—in fact, some of the highest in the US. Top tier housing prices are a main reason for the high cost, although there is an overall high cost of living1 in San Jose. Residents in San Jose have some of the biggest disposable incomes of any city in the U.S., considering the median household income of $95,295. Neighborhoods showing long-term popularity in San Jose include Edenvale and Alum Rock, with average listing prices of $641,335 and $693,395.
Other neighborhoods in the county, including Palo Alto, also show similar market trends hinging on the prosperity of the tech sector. Cupertino, for example, is home to the Apple headquarters and has a small, very highly-educated population. All in all, this is a high-dollar market showing continued growth and demand for upscale residential development. For the fix-and-flip developer, this is a great location to take an older home and modernize it to suit the upscale market.
Socotra Capital Provides Hard Money Loans for the Santa Clara County Market
Santa Clara County’s rich history and economic vitality make it an unbeatable location for residential and commercial real estate development. Don’t miss the chance to capitalize on the vibrant market in Santa Clara County—the area’s affluence coupled with the momentum of the tech industry suggest continued high demand for real estate well into the future.
At Socotra Capital, we understand the Santa Clara County real estate market. Our hard money loans can get you the liquidity you need to make your development ready for the market. Santa Clara County has proven its vitality and staying power in the real estate market, and with Socotra Capital, it can be the home to your new development.
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!
- Cost of Living Index.” Infoplease. Accessed November 5, 2015. ↩