Not qualifying for a loan in a traditional bank or a lending program from a public institution shouldn’t stop you from making an investment in the real estate market. With a trustworthy hard money lender you can make that deal happen. With personalized interest rates and origination fees, a hard money loan will support your investment decision.
And if you’re taking your first step into real estate investing, then hard money lenders will be excellent business partners who can guide you and teach you about the industry at the same time they help you with funding the property deal if you require it.
Depending on the type of deal you want to close and the type of property, you can choose to work with a specific lender since some of them specialize in a certain area and their experience will be more than helpful for you.
A commercial or residential property investment in Port St. Lucie will always be worth it. To help you have a little bit more of knowledge about the area, here we gathered some facts:
The city has a population of 201,846 residents and is located in St. Lucie County. It’s known for parks like St. Lucie Inlet Preserve State Park, Spruce Bluff Preserve, and Port St. Lucie Botanical Gardens.
The city offers some incentives for the ones that want to contribute to its economic development:
- Economic Development Ad Valorem Tax Exemption
- Expedited Site Plan Review and Fast Track Permitting
- Florida Power & Light
They also have some housing programs for local residents which include:
- Affordable Housing Advisory Committee (AHAC)
- State Housing Initiatives Partnership (SHIP) Program
- Home Purchasing – Down Payment Assistance Program
- Repair/Rehabilitation Assistance Program
- Neighborhood Stabilization Programs NSP1 and NSP3
The recent job growth was 1.94% and the per capita income $27,546. In the real estate market, the median home value is $250,828 and the average rent per month is $1,875.
A private money loan can be what you need to finally close the property deal you want. Here’s a list of hard money lenders in Port St. Lucie, Florida that can help you: