In a recent blog post, we featured Charlotte as a perfect metropolis for real estate investing. Today, we’d like to discuss specific real estate market highlights. As far as direct real estate marketing goes, Charlotte was the 3rd best real estate market in the U.S. last year. The population of the city grew a whopping 15.1 percent in 2016 alone. That more than doubled the state rate. So, the growth isn’t just steady, it’s absolutely booming.
Charlotte Real Estate Market Highlights
Here are some market highlights that are indirect, but greatly influence real estate investing in Charlotte, North Carolina:
- 14 Fortune 500 companies expected by 2025
- Home to the Lowe’s headquarters
- Home to the Bank of America headquarters
- Features more than 100 distribution centers
- Northwest Charlotte is home to King’s Mountain Catawba Casino
- Home to more than 300 trucking companies
- Extensive public rail transit (ie. Lynx Light Rail, Blue Line Light Rail)
- U.S National Whitewater Center in Northwest Charlotte
- Close to Lake Norman State Park
- Charlotte Douglas International Airport is the 5th busiest airport in the U.S.
Are You Looking for a Hard Money Loan to Flip a House Or Buy A Rental Property?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, or the North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.
Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value of the collateral—and if you use the loan for renovation or construction, the loan amount can be based on the collateral’s improved value.