1031 Exchange DST Noob Question

[Jose Amer]

Hi Folks! Thank you very much for all the SAGE knowledge provided by all of you regarding DST. I am a Noob in this space.

Found this entry in PPM of a 50% LTV DST offering and I would like to know what this specifically means:

"In connection with the acquisition of an Interest, each Investor will be treated, for tax purposes, as the borrower of his, her or its pro rata share of the Loans, expected to be equal to $82,797.68 per $100,000 Interest."

Your inputs very much appreciated.

Thank you and have a BLESSED day!