1031 Entity Question

[Tamara Glass]

Hello,

My husband and I are selling a rental property that is currently held in our name. The bank won't let us move it into an LLC without a full refinance. We had hoped to use the proceeds of the sale in a 1031 Exchange but definitely want the new property to be in an LLC. I realize we need to put it into a 'like entity' and wondering if there's a work-around for this. Someone mentioned the possibility of a Quit Claim once we sold he property. Wondering if anyone has experience with this.