Can I use 1031money from selling a property as a private loan

[Boris Grinberg]

Can anybody help with the following? 1031 can be a bit confusing.

I sold a property and can't find anything interesting to invest in. Can I use these money and offer a private loan with no interest payments, just payoff at maturity in 12 months. And if i can't find anything else, I will reinvest it into another loans. 

Thank you very much.