Hard Money Lenders In Sun City, AZ

Sun City is an unincorporated community located in Arizona’s Maricopa County. The community is a part of the Phoenix Metropolitan Area. Although people of all ages may live in Sun City, it is largely considered a retirement community and is especially popular with retired snowbirds.

Real estate investors can find lucrative opportunities within Sun City. If you are interested in investing in real estate within this community, the hard money lenders at Hanson Capital can help.

About Sun City, Arizona

Sun City covers approximately 14.6 square miles, most of which is land. Only 0.1 square miles of Sun City is made up of water.

During the 2010 census, the population of Sun City was calculated at 37,499 people. Over 98.4 percent of the population of Sun City was white at this time. The remainder of the population was black, Asian, Native American or other races. Only 1 percent of people in the community identified as Hispanic of any race. The majority of people living in Sun City were of retirement age, with nearly 80 percent of the population reporting an age of 65 or older.

Like the rest of the Phoenix Metropolitan Area, Sun City’s climate is dry and warm. In the summer months, highs are easily above 100 degrees most days, with lows in the 60s or 70s. In the coldest months of the year, highs are in the 60s and 70s, with lows rarely falling below the mid 30s.

Sun City offers plenty of opportunities for recreation, with seven recreational centers and eight golf courses. Lawn bowling and other activities are also available in the area.

The History of Sun City

The retirement community of Sun City was built on the site of Marinette, a former ghost town.

Sun City is a relatively new community when compared to other communities in the area. It was first opened at the beginning of 1960, when it offered only one golf course, one recreation center and a shopping center. The community’s opening was much more successful than expected, drawing more than 100,000 people on the first weekend.

Over the years, Sun City has expanded considerably. The sister community of Sun City West was established by the same development company in the 1970s. The community has a unique street design, consisting of four main pinwheels of streets in concentric circles.

Sun City is a designated requirement community that imposes age restrictions on home ownership. Over the years, it has attracted many retirees because of the countless benefits the community has to offer. More retirees are always looking for housing in the Sun City area.

Should You Invest in Sun City?

As a real estate investor, it is important to choose the best locations in order to maximize profits. Sun City offers several advantages that make it a good choice for real estate investors looking for opportunities in Arizona.

Sun City is one of the most attractive communities for people looking to move to the Phoenix Metropolitan Area, especially those who have recently retired. Because Sun City is already home to many retirees, other people entering retirement can be confident that they will feel comfortable living in this community. Likewise, Sun City is considered more affordable than other parts of the Phoenix Metropolitan Area, with lower home sale prices and property taxes.

Sun City is a quiet community, largely thanks to the ordinance that requires one member of every household to be at least 55 years old. Sun City also offers quick access to the many amenities and attractions that are available in downtown Phoenix.

Hard Money Lenders in Sun City

With so many retirees looking for housing in Sun City, this community is the perfect location for real estate investors. Whether you want to purchase and renovate an existing home or you are hoping to invest in a new construction, there are opportunities in Sun City. However, for most real estate investors, purchasing property will not be possible without the help of a lender.

For most real estate investors, traditional housing loans are not the best option. Because these loans require the borrower to meet so many standards, some real estate investors won’t qualify. In addition, the application and approval process is lengthy, making it difficult for you to access the funding you need in time to secure your investment property before another buyer takes it. Fortunately, you can eliminate all of these obstacles with a hard money loan.

All About Hard Money Lending

Hard money loans are designed specifically to meet the needs of someone who wants to get a loan quickly without providing a lot of paperwork or having a high credit score. These loans are usually based solely on the value of the asset, so your credit history and score will not be as important. Likewise, you can typically qualify for a hard money loan with stated income only.

Some of the best hard money lenders Arizona has to offer can be found through Hanson Capital. We can fund your loan in as little as 24 hours, allowing you access to the capital you need in a timely manner. We fund all types of purchases, from new constructions to rehabs. We can also finance up to 85 percent LTV or LTC. Please contact Hanson Capital today to begin the application process.