Industrial property

1031 Exchange Deadline Weeks Away

commercial loan

$ 1,500,000

Location

Portland, OR

Close Before Year End

Borrower was very bankable and had several lenders willing and able to fund this transaction. Problem: The deal had to close in two weeks due to a 1031 tax exchange deadline. TriTalent Funding Group quickly offered a commitment and closed within days of first meeting. Not only did the borrower keep his 1031 privilege, he was also able to pay off the TFG loan within 30 days using local bank financing.