Hard Money Loans in Shasta County: Stunning Landscapes and an Outdoor Lifestyle
Shasta County encompasses a gorgeous piece of natural, rugged California landscape along Interstate 5, stretching from the northern Sacramento Valley up into the southern edge of the Cascades. Shasta is known as a hotspot for outdoor recreation, but the abundance of undeveloped real estate and affordable housing prices have the area poised to be a hotspot for real estate investment as well. The recent uptick in commercial development shows promise and increased demand, so now is the time for investors to get in on the Shasta market. With a hard money loan from Socotra Capital, you can break ground on your new residential or mixed-use real estate development in this beautiful part of the world.
Understanding the Shasta Real Estate Market
Shasta County brings more than just good looks to the table: it also offers reasonable real estate prices and a strong infrastructure for education and transportation. Redding’s active outdoor lifestyle makes it a popular destination for biking and hiking enthusiasts, offering numerous trails and even hosting one of the world’s first mountain biking races. The area formerly relied heavily on lumber, but now new retailers such as the Wal-Mart in Anderson are providing more and more retail jobs in the more developed areas. Shasta County’s more metropolitan areas are ideal for an investor interested in developing an affordable center for retail and commercial space to serve the needs of the surrounding smaller towns. For residential developers, the area offers potential for both luxury rental and vacation property and more affordable family units to cater to the needs of the workers and permanent residents of the county.
Despite Shasta County’s clear potential for increased luxury real estate, housing prices in the area remain impressively low. This could be your opportunity to introduce the world to the natural beauty of Shasta County with a residential development project with proximity to outdoor leisure activities and shopping in California’s Central Valley.
For example, if we look at Redding, the county seat, the average price per square foot in October of 2015 was a reasonable $145, up 2.8% from the same time period the previous year. Median sales prices for the area were $230,000, increasing a modest 4.5%.1 Neighborhoods showing particular ongoing popularity in Redding include Girvan and Boulder Creek, with both showing above-average listing prices for the area.
Socotra Capital Provides Hard Money Loans for the Shasta County Market
Shasta County offers a variety of rural and more metropolitan areas with enormous potential to grow in the real estate market. With a strong highway infrastructure and sweeping vistas to hike or bike, Shasta County could be investment gold for a creative, visionary investor. At Socotra Capital, we understand the Shasta County real estate market and can help you get your foot in the door. Don’t hesitate to turn your real estate development plans into action—we can get you quick approval on a hard money loan to develop in California’s gorgeous Central Valley.
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!
- “Redding Real-Estate Market Overview.” Real Estate Overview for Redding, CA. Accessed November 9, 2015. ↩