$1,500,000 Reverse 1031 Exchange in San Gabriel, CA
A
reverse 1031 exchange occurs when property owners purchase a property prior to
selling a property that they want to capture a tax advantage via a 1031
exchange. Normally in 1031 owners sell a property first before purchasing
one.
In
a reverse exchange, a qualified intermediary takes title on the property, which
leads to owners having difficulties finding lenders. Conventional lenders often
don’t want to get involved for several reasons.
Since
Rubicon is a private direct lender and we don’t have the restrictions of banks
we can provide our clients with the funds needed to acquire their replacement
property and complete their exchange in a short period of time.
Loan
Term: 6 Months
Loan
Position: 1st Position Deed of Trust on both purchase property (pictured above)
and 1st Position Deed of Trust on additional collateral (pictured below). 2nd Deed
of trust on a second additional collateral property (pictured at the bottom of
the page)
CLTV: 60%
