Hard Money Loans in Alameda County: Investment Potential in the East Bay
Alameda County has some gems within its borders. This county hugs much of the eastern shore of the San Francisco Bay, stretching from Berkeley and Oakland all the way south past Fremont and the San Francisco Bay Wildlife Refuge. All of these areas show economic vitality, natural beauty, and investment potential for residential rehab and mixed-use development projects.
Between its premium Bay Area real estate market, booming economy, and beautiful natural landscape, Alameda County offers a lot for the real estate investor looking to realize their development dreams. With Socotra Capital, this is all within your reach, and we can provide the hard money loan to get you started.
Understanding the Alameda County Real Estate Market
Home to the city of Oakland, UC Berkeley, and numerous other colleges and universities, Alameda County offers a strong infrastructure for growth along with an extremely diverse demographic—in fact, Alameda County is considered the 4th most racially diverse county in the United States, according to a 2014 analysis. [1. Narula, Svati. “The 5 U.S. Counties Where Racial Diversity Is Highest—and Lowest.” The Atlantic. April 29, 2014. Accessed October 7, 2015.]
Oakland, the seat of Alameda County, has been showing strong growth rates: the average price per square foot as of September 2015 was $450, up 17.8% from the same time last year. Popular neighborhoods in Oakland include Merriwood and Grand Lake, with average listing prices of $974,235 and $551,579. Other nearby neighborhoods that show promise include Rancho San Antonio, increasing 175% in median sales price to $275,000, and Las Palmas, increasing 40.2% in median sales price to $397,000. Alameda county has a high population density and 45% of the residents are renters. [2. Alameda County, California (CA).” Alameda County, California Detailed Profile. Accessed October 7, 2015.]
With the diverse economic and cultural landscape of Alameda County comes the potential to realize a wide variety of development goals. Whether you’re a fix-and-flip developer looking to rehab an older home in one of Alameda County’s smaller towns and modernize it to suit a contemporary market, or you want to break ground on a new residential or mixed-use development in one of the more densely populated areas surrounding Oakland and Berkeley, Socotra Capital can get you the hard money loan you need to get your development off the ground.
Join the Alameda County Market with Socotra Capital’s Hard Money Loans
Alameda County’s diverse population and strong infrastructure make it an unbeatable location for residential and commercial real estate development. Don’t miss the chance to capitalize on this growing market—the city’s stunning natural landscape and economic strength have Alameda County poised to be a hot-spot for residential rehabs and mixed-use development.
At Socotra Capital, we understand the Alameda County real estate market. Our hard money loans can get you the liquidity you need to make your development ready for the market. Alameda 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!