Santa Rosa Hard Money Loans: A Valuable Investment in a Beautiful Town
For real estate investors, Santa Rosa offers great possibilities. It is a beautiful and historic city that occupies a place in many regional districts. It is part of the Bay Area, though removed enough to feel more cozy. It is the largest city in Wine Country and on the North Coast. Being at these intersections makes it very attractive to people looking to get away from the hustle of San Francisco and Oakland while still having the luxuries of a great town and proximity to the metropolis. A hard money loan from Socotra Capital can help you get your foot in the door to the Santa Rosa real estate market.
Understanding the Santa Rosa Real Estate Market
The population of Santa Rosa has essentially doubled in the last 30 years, which led to a tight housing market. This has begun to ease up, but many of the houses that were built during the boom years are already outdated, especially for the new generation of affluent residents moving away from San Francisco and closer to the North Bay. That means it’s a great time for residential rehabbers.
The median sale price of homes in Santa Rosa has gone up an excellent but sustainable 7.7% from 2014 to 2015. This is largely due to new residents coming in. The prices are on an upward trend as well, which means there is work to be had and a growing market for fix-and-flip professionals. It is an increasingly young population that is looking to purchase quality homes.
Some of the more popular neighborhoods in Santa Rosa include Riebli-Wallace, South Park, Burbank Gardens, and Bennett Valley. The Historic Railroad District is known for its great shops and cool vibe underneath a quiet, suburban exterior. The Ridgeway Historic District in the downtown area is increasingly popular, as is the region around Memorial Hospital. Scenic Brush Creek is also an up-and-coming neighborhood.
Socotra Capital Provides Hard Money Loans for the Santa Rosa Market
Santa Rosa is perfectly positioned to catch the next wave of tech entrepreneurs ready to leave San Francisco. It is beautiful, and it’s still growing. We understand the Santa Rosa real estate market and our hard money loans can get you the capital you need to thrive in wine country. Santa Rosa is ready to keep growing. Socotra Capital can help you grow with 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!