Hard Money Loans in San Joaquin County: Central Valley Farmland Fertile for Real Estate Development
San Joaquin County is proud to be one of the first counties established in California, at the inception of the California Gold Rush, along a gorgeous stretch of farmland in the state’s fertile Central Valley. For its residents, San Joaquin County is known for its gorgeous natural landscapes, vibrant agricultural community, and mild climate. For pioneering investors looking to do residential redevelopment or break ground on new commercial or mixed-use projects, it offers just as much potential today. With a hard money loan from Socotra Capital, you can set your real estate development plans in motion.
The San Joaquin County Real Estate Market
As the home to the DeRuosi Nut processing facility, the area’s economy hinges heavily on walnut processing. Another important economic asset to the county is the Port of Stockton, which is located just 86 miles east of the Golden Gate Bridge. This proximity to San Francisco is important for the area’s economic infrastructure, especially as an agricultural community. The Interstate 5 freeway is also an important lifeline to the major metropolitan areas in the Bay Area, Southern California, and the LA area.
The area offers a great market for developers who can provide affordable housing for families and blue-collar workers. Prices look to favor development in Stockton in particular, offering affordability and appreciating in value. Price per square foot in Stockton was at $135 for the period of July 15th to October 15th of 2015, which is up 13.4% from the same time last year. Median home sales are also showing increases, up 18.6% from last year, putting median sales prices at $219,500. [1. “Stockton Real-Estate Market Overview.” Real Estate Overview for Stockton, CA. Accessed November 3, 2015.]
Get a Hard Money Loan for the San Joaquin County Market from Socotra Capital
Now is a great time to capitalize on the growing market in San Joaquin County. The area’s affordability and strong agricultural industry have San Joaquin County poised to be a successful location for your real estate investments. At Socotra Capital, we understand the San Joaquin County real estate market and we can help you get the financing you need to complete your project with a hard money loan. San Joaquin County is ripe with opportunity and you can get in on the action with help from Socotra Capital.
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!