Raleigh Private LenderThe Raleigh-Durham housing scene is booming as of late, consistently being named by multiple news outlets as one of the top-performing real estate markets in the entire country—and it’s easy to see what all the hype is about. Property values in the Raleigh area have jumped by over 20% in the last year alone. Durham has seen similar appreciation growth, with home prices climbing over 21% over the last 12 months. Both of those price increase rates are well above the national average of only 16.7%. A key factor behind the uptick in demand for housing in the area is the extremely strong local economy, anchored by the presence of major international corporations to include Apple and Google. What’s more, COVID-19 has prompted an influx of new residents from pricey metropolitan areas, all looking for viable housing options in this prime North Carolina geographic. Here’s a closer look at some of the most sought-after Raleigh-Durham markets and the dynamics dictating the local real estate industry.
Downtown Raleigh & Durham
The average price to purchase a home has skyrocketed in essentially every neighborhood surrounding Raleigh, and homebuyer demand has remained at an all-time high. High-end, high-cost homes have risen in popularity with the number of well-paying jobs rising in the area, which have in turn depressed rent-to-price ratios—which makes it challenging for investors to pull off conventional buy-and-hold strategies. The best bet in Raleigh is to look for older homes with rehab potential that you can still acquire at a reasonable price. There are also more and more new-build options as the construction industry gets back to full swing following the COVID-19 shutdown.
Cary & Chapel Hill
North & South Durham
Apex, Holly Springs & Wake Forest
North & East Durham
Looking for funding in the Raleigh-Durham area? Look no further. Corridor Funding is the premier hard money lender in Raleigh, North Carolina offering an effective financing alternative to conventional lending and hard money loans—both of which are notorious for lengthy underwriting processes and exorbitant fees. By placing a particular emphasis on integrity, professionalism and innovation, Corridor Funding delivers creative and viable lending solutions to a wide variety of investors from LLCs and corporations. Our work ethic and efficiency set us apart from the competition. We deliver results when it comes to getting you the money you need when you need it. We close hard money loans in Raleigh, North Carolina faster than conventional banks regardless of whether it’s a short-term bridge loan or a 30-year fixed rate. Contact the leading private money lender in Raleigh, NC today to learn more about how we can take your investment business to the next level!