1031 exchange - loan amount rule

[Susan O.]

Hi for the loan amount rule if I potentially have to make an all cash offer to get a deal would it make sense to get Private money then it will comply with the 1031 exchange 'same amount of loan' rule??

This is the scenario

I have a 1031 exchange

Downleg property $1m sales price and had a 50% loan $500k or 50% LTV

My upleg property the seller wants 'all cash, and short period to close.  So I'm guessing I can't just put $1m of my own cash down right?

Will it be ok to do 50% Private money or bridgeloan? for the $500k LTV 1031 requirement?

Then in a couple months I can then Refinance? When I refinance later do i have to again keep the same 50% LTV?