LendSpark finances $16.2M construction loan for a single-family residential project

1031 Exchange

A commercial real estate property owner came to us wanting help with re-financing options on a rental property they owned. They needed a 1031 exchange.

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LendSpark is pleased to announce a successful financing transaction for a commercial real estate company, providing solutions to their unique challenges. The client approached us seeking assistance with re-financing options on a rental property they owned and needed a 1031 exchange.

The client faced several challenges, including securing financing for their rental property while also needing a 1031 exchange. A 1031 exchange allows for the deferment of taxes on the sale of an investment property, but strict deadlines must be met to qualify for this tax advantage. Additionally, the client needed to find a way to access cash from their rental property to fund the 1031 exchange, which can be difficult to achieve in the current economic climate.

LendSpark's experienced executive team conducted a thorough evaluation of the client's properties and 1031 exchange needs. After carefully analyzing the client's situation, we identified a potential solution that would provide the necessary funds for the 1031 exchange. We recommended refinancing the rental property and using the cash out to help fund the 1031 exchange. Our team provided guidance and support throughout the process to ensure the client's needs were met.

LendSpark successfully funded a new industrial park through the refinancing of the rental property. By providing cash out, we were able to help fund the 1031 exchange, providing the client with the financial resources they needed to complete the exchange within the necessary timeframe. This successful transaction highlights LendSpark's ability to provide tailored solutions to meet the unique needs of our clients.

We are proud to have been able to help this commercial real estate company achieve their goals and look forward to continuing to support their growth and success.