Loans to
1031
Location: San Rafael, CA
Funded: $890,000
Private Loan Type: Reverse 1031 Exchange Loan
Deal Highlights:
Deal Summary:
With strict rules and time requirements for reverse 1031 exchanges, certain steps needed to be taken to ensure a smooth transaction. There were several competing offers and they needed to close quickly, so we worked directly with the borrower and their qualified intermediary to get the purchase completed by providing a reverse 1031 exchange loan. Once the relinquished property was sold our loan was repaid.
Deal Details:
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