Hard Money Loans in Solano County: Thriving Smaller Towns Ready for Development
Looking out over the Vacaville Hills, you might think you’re living in a travel brochure or an international tourist destination, but Solano County actually manages to maintain its affordable real estate prices and small town atmosphere, making this untapped gem ripe for your residential or commercial real estate development.
Solano County is conveniently located between San Francisco and Sacramento, offering a vibrant small town scene that looks poised for continued growth. Local attractions like Six Flags and major employers like the Air Force Base give Solano County a strong economic backbone, and its natural beauty gives it staying power while pulling in future residents. Real estate prices are showing steady appreciation, making it the ideal time to invest in residential rehab or mixed-use development to serve the families and permanent residents of Solano County. Don’t miss the opportunity to invest in this affordable and promising market.
Understanding the Solano County Real Estate Market
Solano County offers a diverse but thriving economy. Major employers in the area include the Six Flags in Vallejo and the Kaiser Permanente hospital. Fairfield is another one of the county’s more urban areas, with a reasonably developed city that has the honor of being home to the headquarters of Jelly Belly candy. The Travis Air Force Base, also located in Fairfield, provides economic stimulus as well as a steady influx of individuals and families needing affordable housing and mixed-use commercial development.
For the real estate investor, this makes Fairfield the ideal location to either take an older home and modernize it for a contemporary family, or develop new and affordable, single-unit apartment housing in proximity to the Air Force base. Taking a look at the Solano County market by the numbers, we see the City of Vallejo had median sales prices for homes at $350,000 for the period of July to October of 2015. That was a healthy increase of 7.7% from the year before, which is a solid indicator of steady growth. The average price per square foot also appreciated steadily last year, up 10.1% to $218.[1.”Vallejo, 94591 Real-Estate Market Overview.” Real Estate Overview for Vallejo, CA 94591. Trulia.com. Accessed November 6, 2015.]
Socotra Capital Provides Hard Money Loans for the Solano County Market
Solano County is a clear opportunity for investors looking to develop affordable residential and mixed-use commercial real estate for local families and workers. Halfway between San Francisco and Sacramento, you can be sure to see property values rise over time as more and more residents of the major metropolitan areas migrate outward concentrically to avoid high property prices. With its convenient geographic location, rolling valley landscape, and pleasant community environment, you can be sure to see Solano County’s stock rise in the coming years. At Socotra Capital, we recognize a great investment opportunity when we see one and we want to help you get started.
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!