Like-kind exchanges provide a great tax deferral opportunity for commercial property owners. Everfund will help you get the critical financing you need.
1031 Exchanges - Details
(Please note – this is not intended to provide accounting or legal advice. A 1031 Exchange is a complex transaction that you’ll want to discuss with your accounting and/or legal advisors.)
A 1031 Exchange is a great opportunity for commercial property owners to defer capital gains taxes incurred at the sale of a commercial property. The “1031” name refers to the section of Internal Revenue Service Code that outlines this tax exception, and it can be a very powerful tool for investors. (These are also called tax-deferred exchanges, like-kind exchanges or tax-free exchanges.)
These transactions have unique elements compared to other commercial property transactions, and the loans are only made by certain lenders. Everfund can help you obtain the financing for these unique transactions.