With the required deadline to close the exchange property(s) purchase within 180 days, you may not have time to close with a traditional loan. Banks often take many months to complete the closing of a commercial purchase loan with delays in obtaining the appraisal, detailed underwriting, review of leases, tenant lease subordinations, etc. HCS Equity can close in as few as fifteen days.
By Vinci Digital|2022-10-11T15:24:51+00:00October 11th, 2022|031 Exchange/Reverse 1031 Exchange Loans FAQ|0 Comments
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