Mortgage refinancing, equity loans, bridge loans and fix & flip loans are the most common lending programs that real estate investors look for. Some hard money lenders specialize in just one type of loan and they offer the best solutions to your problems and needs.
Hard money lenders will guide you throughout the whole process, which can be an advantage if you’re new to investing since you’ll learn a lot from their experience. Lenders who have been providing loan programs for a long time have developed their “intuition” and now they can sense when a deal is worth it or not in a faster way.
West Palm Beach is in Palm Beach County and has an average population of 111,955 residents. There are many property options in the real estate market in West Palm Beach you can take advantage of. For example, the median home value is $189,566 and the average rent per month is $1,432.
The per capita income is $23,303 and the recent job growth was 1.9%. Some of the famous places that West Palm Beach is known for are Palm Bay Regional Park, Raymond F. Kravis Center, Turkey Creek Sanctuary and Castaways Point Park.
The city offers some incentive programs to stimulate the local economic development, some of them are:
Building Improvement Grant Program
This program is designed for property owners and new businesses relocating or existing ones expanding space to make modifications to existing buildings and increase the property value.
Merchants/Industry Association Creation Program
This program encourages businesses to create groups or associations based on common industries and certain areas within the city.
Ad Valorem Tax Exemption
The program offers a tax exemption to those local businesses who meet certain criteria.
In this city, some industries like Marine Services, Investment and Financial Services, Healthcare and Biotech have experienced significant growth. So it’s definitely a good place for commercial investment.
Private money lenders in West Palm Beach are prepared to provide financial help that fits your needs, offering you a quick process and record closing time. Take a look at some of this area in the list below.