Top Turnaround Real Estate Markets® recently published their list of “Turnaround Towns.” The list had some shocking towns listed, but with strong improvements these cities are making a real estate comeback.

  • Reno, Nevada – Hard hit by the recession, Reno has seen a 26-percent median price increase within the last year.
  • San Diego, California – Up more than 21-percent, this city is ripe for purchasing condos, townhomes and single-family homes.
  • Portland, Oregon and Vancouver, Washington – With inventory decreasing by 26-percent, this area has seen a 12-percent increase in median home prices.
  • Los Angeles and Long Beach, California – Listing prices have increased more than 30-percent over the last year and inventory has plummeted 27-percent.
  • Seattle, Washington – With low inventory and decreased days on the market (23 days), Seattle features abundant green-friendly homes.
  • San Jose, California – With inventory dropping a staggering 35.4-percent, San Jose prices have increased 25-percent.
  • Santa Barbara, Santa Maria and Lompoc, California – With home prices up 33-percent, this desirable area is making a hot real estate comeback.
  • Orange County, California – Several years ago, this trendy city saw a record-breaking number of foreclosures. However, over the last year home values have increased 29.4-percent and inventory has declined 37-percent.
  • Oakland, California – With homes only staying on the market an average of 15 days, home values have continually increased year after year in this sizzling California city.

Better Than Loans focuses on fast money lending. As a single-source solution for bridge and money loans, they offer creative financing for real estate investors. They specialize in private commercial real estate loans, construction financing, hard money loans, short-term bridge loans and even 55-percent Loan-to-Value ratios on raw land.

An online application is available, helping Better Than Loans determine equitable funding solutions. The application is reviewed and borrowers receive custom term sheets, which highlight conditions and term funding options, within 48 hours. This quote is completely non-binding and borrowers have no obligation to pursue a loan with Better Than Loans.

If the term sheet is agreed upon, a formal underwriting process begins. Often times, Better Than Loans can close on residential investment properties in as few as five days and on commercial properties within 45 days.

With loans available from $50,000 to $25 million, this specialty lending company focuses on apartment building loans, multi-family units, land development, mobile home parks, mixed use, new residential developments, special purpose properties, conversions and much more.

Categories: Fast Loan Funding

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