Hard Money Loans in Clovis: “Gateway to the Sierras” Ripe for Residential Rehab
Clovis is a small, family-oriented community in the foothills of the Sierra Nevadas. It began as a freight stop along the San Joaquin Valley Railroad and has blossomed into a vibrant residential community halfway between Los Angeles and San Francisco. Clovis is a very accessible real estate market for the investor looking to do a residential rehab and revitalize an older home.
Clovis, colloquially referred to as the “Gateway to the Sierras,” prides itself not only on its proximity to the beautiful natural landscape of the Sierra Nevadas, but also on a strong transportation, healthcare, and education infrastructure that provides the skeleton for long-term economic stability and growth. Located at the midpoint between Los Angeles and San Francisco, Clovis offers a lively outdoor culture, friendly community, and natural landscape.
A hard money loan from Socotra Capital can help get you into the market in Clovis, and help your residential rehab and real estate plans become just as beautiful as the community they belong to.
Understanding the Clovis Real Estate Market
Unlike many California metro areas, the community of Clovis is not a rental market. Clovis is home to many working class families and home-buyers. This is the ideal market for residential rehabs, and with the steady growth in Clovis, you can feel confident in a strong return on your investment. The average price per square foot for a house in Clovis was $145 this September, up slightly from last year. The median sales price for homes in Clovis between June and September was sitting at $275,000, and average listing price for homes for sale in Clovis was $371,700 for the week as of September 2015, up .6% from the week prior.
Both the 93609 and 93725 zip codes in particular are rapidly appreciating in median sale prices, at rates of 26.4% and 18.1% respectively. These neighborhoods are the site of many gorgeous older homes, apartments, and duplexes in need of some love and creativity to help them meet the demands of a changing market.
Socotra Capital Provides Hard Money Loans for the Clovis Market
The city of Clovis has a strong community infrastructure and is an accessible and thriving market for residential rehabs and investments. Socotra Capital can provide you with the capital you need to get your foot in the door of this developing market and start your residential rehab or mixed-use development.
At Socotra Capital, we understand the Clovis real estate market and our hard money loans can get you the liquidity you need to make your fix-and-flip ready for the market. Clovis has everything a town needs for stable, long-term growth, and with Socotra Capital, it can have your residential rehab project as well.
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!