Hard Money Loans in Merced County: Big Investment Returns at the Gateway to Yosemite
Merced County encompasses a gorgeous stretch of land just adjacent to Yosemite, offering a rich natural landscape with a mix of urban and rural land for real estate development. Home to UC Merced, which is a major employer and economic driver in the region, the area is constantly attracting new residents and students in need of affordable and modern housing. Don’t hesitate to set your plans in motion in this vibrant market—with a hard money loan from Socotra Capital, you can get quick cash with an easy approval and watch your development dreams come true.
Understanding the Merced County Real Estate Market
Located between Fresno and Modesto along the 5 and 99 freeways, the county has a relatively low population density spread across several rural communities such as Atwater, Dos Palos, and Los Banos. However, UC Merced is an important hub for higher education in the region, attracting both professors and students in need of residential housing. Merced County is also home to a Cal State University.
Merced County, like many counties in California’s Central Valley, still relies heavily on agriculture and is home to many long-time farming families. E & J Gallo Wineries and Foster Farms are two major agribusinesses that call Merced County home. Essentially, this is a region where families and farm workers look to find contemporary, attractive housing in a workable price range.
Housing prices in Merced County are very affordable, making the area ripe with opportunity for a first-time investor or fix-and-flip developer looking to try out the market in a promising small town. In the city of Merced, for example, the average price per square foot is at an affordable $116 as of October 2015. That’s a moderate increase of 5.5% from the same time last year. Meanwhile, median home prices were at $190,000 for that time period, also increasing 9.2% from the previous year. The area is definitely rising in value, though at a steady pace.[1.”Merced Real-Estate Market Overview.” Real Estate Overview for Merced, CA. Accessed November 6, 2015.]
Socotra Capital Provides Hard Money Loans for the Merced County Market
This is a gorgeous stretch of the Central Valley just ripe with potential for new development. Merced County has a promising market at affordable rates, bolstered by its university system and agribusiness. Don’t wait to get your foot in the door on this opportunity.
Socotra Capital offers hard money loans for real estate developers in Merced County. Whether you’re looking to fix-and-flip an older Merced home or break ground on a new mixed-use development, we can provide you with a hard money loan with a quick and easy approval process so you can set your vision in motion. We know a good real estate investment when we see one and we can help you get started in Merced County.