Hard Money Loans in San Francisco: The Golden Gateway to Your Real Estate Dreams
Who doesn’t just melt looking out across the San Francisco skyline? Watching the gingerbread Victorian rooftops prick through rolling blankets of fog over the unofficial capital of Peace and Love, nibbling on a fresh piece of sourdough to the sound of clanging trolleys—it’s hard not to wax sentimental. Now take into consideration the city’s cream-of-the-crop real estate market and booming economy, rife with potential for residential and mixed-use development, and imagine how your real estate development dreams can become a part of the rich cultural landscape of San Francisco. With Socotra Capital, this is all within your reach, and we can get you a hard money loan to help you get started.
Understanding the San Francisco Real Estate Market
San Francisco is the cultural, financial, and commercial center of Northern California. The real estate market in San Francisco is unique due to its extreme density, with about 18,187 people per square mile. This makes it the most densely populated city in California and the second-most densely populated city in the United States, second only to New York City. San Francisco is also unique for its eclectic and vibrant architecture, with older buildings being modernized to suit contemporary San Francisco businesses such as Dropbox, Reddit, and Yelp, as well as the urban professionals and tech industry workers who seek residential housing in the city.
Real estate properties in San Francisco are skyrocketing, to say the least. The price per square foot increased to $947 this year, which is 13% higher than a year ago, according to September 2015 figures. Some of the most vibrant growth is being seen in neighborhoods like Chinatown, which is up 42%; Laurel Heights, which is up a stunning 63.5%; and Telegraph Hill, which is up no less than 184%. Neighborhoods showing continued popularity and high listing prices include South Beach and Pacific Heights, with average listing prices of $1,657,316 and $3,529,296 [1. “Real Estate Overview for San Francisco,” Trulia, Accessed October 7, 2015, http://www.trulia.com/real_estate/San_Francisco-California/]. All in all, the demand for residential and commercial real estate in San Francisco is showing extraordinary momentum and high growth rates for home listing prices.
Socotra Capital Provides Hard Money Loans for the San Francisco County Market
San Francisco County’s rich history and economic vitality make it an unbeatable location for residential and commercial real estate development. Don’t miss the chance to capitalize on the market in San Francisco County—the city’s cultural history coupled with the sky-high demand for real estate paint a booming future that shows no sign of slowing down.
At Socotra Capital, we understand the San Francisco County real estate market and our hard money loans can get you the liquidity you need to make your development ready for the market. San Francisco County has proven its vitality and staying power in the real estate market, and with Socotra Capital, it can also 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!