Hard Money Loans in Santa Cruz: Natural Beauty Meets Beautiful Real Estate
Santa Cruz is a dreamscape for both real estate investors and postcard manufacturers. Near several breathtaking state and national parks, Santa Cruz has the kind of natural beauty that is nearly unmatched in America. It also has an equally alluring real estate market, anchored by a unique downtown, a booming tech and education hub, and a thriving population. A hard money loan from Socotra Capital can make your residential rehab and real estate plans just as beautiful as their surroundings.
Understanding the Santa Cruz Real Estate Market
Santa Cruz has several important employment sectors, most notably agriculture, tourism, and high technology. It is also home to UC Santa Cruz, one of America’s top research institutions. This beachfront community attracts top talent from around the world, drawn by its educational promise and its upper-level employment opportunities. Researchers and scientists from around the world come to study, teach, work, and live here. Because of this, the real estate market is one of the best in the region.
From 2014 to 2015, the median home sales price in Santa Cruz went up a respectable and sustainable 5.4%, which is around average for the town. Santa Cruz doesn’t experience huge booms or busts – just steady growth. The area boasts a lot of older homes left over from earlier growth that are ready to be purchased and renovated, with an eye on making them eco-friendly, energy-efficient, and tech-enabled. Those features fit the lifestyle choices and cultural concerns of Santa Cruz, both for current residents and incoming ones. Rehabbing a house to fit these needs will help you be a part of the steady growth market.
Some of the top areas in Santa Cruz include Capitola Village, which offers a European/beachfront vibe, as well as the Westside, a booming commercial district filled with great restaurants and stores, and a growing residential population. Live Oak, near the ocean, is mostly residential homes with lovely views, and Scotts Valley, just north of the city, is a good place for investors looking to get a foot in the door just outside the central Santa Cruz market.
Socotra Capital Provides Hard Money Loans for the Santa Cruz Market
Some towns have great industries, while others have great beauty. Santa Cruz has both, which makes it a great investment for real estate professionals. At Socotra Capital, we understand the Santa Cruz 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. Santa Cruz has everything, and with Socotra Capital, it can have your rehab as well.