Vallejo Hard Money Loans: A Great Chance for the City of Opportunity
Vallejo is a town coming out of some difficult years, but it’s ready to start growing again, which means it can provide excellent opportunities for real estate investors. It is in a tremendous location with lots of natural advantages, and distressed pricing means great investment and residential rehab opportunities. Smart real estate professionals will look at Vallejo with different eyes and see that it’s a good place to take advantage of an equity-based hard money loan from Socotra Capital.
Understanding the Vallejo Real Estate Market
In 2008, Vallejo became the first city in California to declare bankruptcy. It was released from bankruptcy less than three years later and the city has begun to pick itself up. It is easy to see why. Sandwiched between the Bay Area, Silicon Valley, and Napa Valley, with excellent access to all, Vallejo can utilize its excellent location to attract residents and businesses from all over.
For the real estate professional, this means that distressed prices don’t reflect the city’s full potential. It has a lot of room to grow and a house in Vallejo is a worthy investment. Home prices are already rising, with median sales prices spiking 11% from 2014 to 2015. They are still relatively inexpensive for the area, which means that now is the time to get in on the ground floor.
Vallejo is revitalizing several of its neighborhoods, including the historic downtown and Waterfront areas, with large Victorian homes that are attractive to potential residents from San Francisco and other areas that share an appreciation for a similar architectural aesthetic. As this area develops, the houses will be worth more, especially if they are rehabbed to be tech-enabled and eco-friendly. Saint Vincent’s Hill, Bay Terrace, and Vallejo Old City Historic District are also up-and-coming neighborhoods for the smart investor.
Socotra Capital Provides Hard Money Loans for the Vallejo Market
Vallejo is in a great location and the town is ready to take advantage of that with smart and steady growth that can reward the real estate professional. We understand the Vallejo real estate market, and our hard money loans can get you the capital you need to compete in the Bay Area. Vallejo is a city rich enough in history to know that it can’t be bound by the past. It’s also ready for the future. 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!