4.1.2013 – Build It and They Will Buy

Across the country, construction spending is on the rise.

What do you do if there aren’t enough houses for sale to satisfy the demand for them? Build more!  With the prominent shortage of real estate inventory and the increase in demand for property, builders have gotten busy.

According to a report cited in the article at the link below, U.S. builders’ spending has increased twenty percent from this time last year. Twenty percent! With the slowing of foreclosures and short sales and more buyers in the financial position to spend, the real estate market is definitely in a different place. Creating more options for residential buyers via new construction is a smart move and sure to be a relief for those wanting and needing a home.

To learn more, you can read the article in its entirety at the link below.

Construction spending is on the rise across the country.

Whether you are interested in purchasing a home that is already built or you want to be a part of the building process, Source Capital can help. Loan experts, Sacha Ferrandi and Pat Hook offer trust deed loans, for those wanting to purchase, as well as build. If you have questions, they are happy to answer them. They can be reached at 858-705-6144 or toll free at 888-334-6636. You can also email Sacha at sferrandi@hardmoneyfirst.com and Pat at phook@hardmoneyfirst.com.

Source Capital Funding, Inc. is a direct, private hard money lender that provides hard money loans and trust deed investment options through Arizona and California. Source Capital lends in all major cities in Arizona, including Phoenix, Tucson, Mesa, Chandler and Glendale and in California, including, San Francisco, Los Angeles, Anaheim, Sacramento, San Jose, Fresno, Oakland, Bakersfield and Riverside. If you need a private hard money lender to fund your hard money loan or you want to work with Source Capital Funding as an investor to help supply loans, contact us at the numbers and email addresses listed above for Sacha and Pat. You can also email us using this convenient online form.

You can learn more about Source Capital on our Google profile page, which includes reviews from some of our clients, investors and associated real estate professionals. A great way to stay up to date with us, including following this blog, is by liking us on Facebook and following us on Twitter. It’s the first day of April. I actually didn’t hear the words “April Fools” all day! I hope your new month is off to a great start!  –Sindi Somers

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