Housing Market Remains Strong Through Pandemic

The housing industry has miraculously remained strong through the pandemic and many experts agree that a chronically underbuilt housing market in California, coupled with heightened demand for SFR living space, should keep prices stable for the foreseeable future.

We can look at market trends and make projections while also internalizing how politics, natural disasters, technology, and urban migration trends can affect home values.

As a local private money lender, I focus a lot on data, and I’m bullish on the Sac Metro area (the housing market, not the Kings’ playoffs odds). I love that we have a stable industry rooted in education, health care, government, and agriculture. Plus, we’re seeing a mild torrent of Bay Area urbanites flowing into our vacant homes and propping up prices. There’s also a sizable cross-section of local 18-24-year-olds who will likely soon be in need of housing units.

We are optimistic about the outlook of the housing market. For this reason, I’m able to secure competitive rates for both residential and commercial investment properties. Here’s some high-level info on rates as well as some recent housing data that I found interesting:

Our local private money loan structure:

Products: Fix & flips, bridge loans, new construction loans (residential and commercial)
Financing: 80%-90% of the cost (purchase price + rehab expenses)
Rates: 8%-10.5% + 1-2 points
Amount: $100k – $3M
Closing Time: 8-10 days

Advantages:

No junk fees — No docs fees, processing fee, underwriting fee, legal fee, etc.
Lower Overall Rate — Construction loan Interest-only assessed on released funds
Pre-Construction Advance — 1/3 of your rehab budget advanced on day 1
Quick Draw Process — Draws released immediately after inspection
Fast service — We are a small team and move quickly to approve and fund
We are direct lenders — loans are funded in-house and we service our loans. We are not brokers.

Need cash to close? Just call or email.