Hard Money Loans in Orange County: Home of Beaches, Shopping, and Disneyland
Orange County has some of the most celebrated surf beaches on the Pacific Coast, encompassing a gorgeous stretch of sand and sea that includes Huntington, Newport, and Laguna Beaches, all within proximity to major Fortune 500 businesses and some of America’s most promising real estate prospects. For the investor looking to break ground on a new residential or mixed-use development, the suburbs in Orange County are a real estate market that shows no sign of slowing down.
Backed by a serious tourism industry featuring the likes of Disneyland and Knott’s Berry Farm, Orange County attracts visitors from around the globe for both business and leisure. Professionals migrate to Orange County for the gorgeous real estate and commuting proximity to major urban centers and businesses, and families flock here for beaches and theme parks. Whether you’re interested in developing a shopping center to cater to the high retail demand, or breaking ground on a new mixed-use housing development, Orange County is sure to supply ample demand for occupancy.
The Beauty of the Orange County Real Estate Market
Orange County is the second most densely populated county in the state, second only to San Francisco. It is also home to four major metropolitan areas: Anaheim, Santa Ana, Irvine, and Huntington Beach.
The headquarters of a number of Fortune 500 companies also make their home here, including First American Corporation, Broadcom, and Pacific Life, not to mention numerous start-ups and Fortune 1000 companies. Besides its gravitas as a business center, Orange County offers leisure, and in a big way—the home of Disneyland is also home to the largest mall in California and numerous outlet malls.
Add to this mix the area’s ample opportunities for outdoor recreation and it’s easy to see why Orange County attracts so many new residents and tourists. The real estate market in Orange County has proven to have serious volition as it attracts development from leading businesses worldwide, and the data indicates that the real estate market is continuing to grow at a steady pace.
The average price per square foot for Santa Ana homes was $361 in September 2015, up from 5.2% in a year-over-year measurement. The median sales price for homes in Santa Ana for July 15 to September 15 was $450,000. Median home sales prices also increased 5.5%, or $23,500. [1. “Real Estate Overview for Santa Ana.” Trulia, CA. Accessed October 12, 2015.] With a hard money loan from Socotra Capital, this market could be within your reach as well. Real estate is appreciating at a steady pace, and the market seems poised to continue thriving.
Socotra Capital Offers Hard Money Loans for the Orange County Market
Orange County’s stunning natural landscape and its draw for top-tier businesses make it a great choice for residential rehab and mixed-use development. Don’t miss the chance to capitalize on this vibrant market. At Socotra Capital, we understand the Orange County real estate market and our hard money loans can get you the liquidity you need to make your development ready. Orange County has proven its vitality in the real estate market and with Socotra Capital, it can be the home of 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!