How to avoid Capital Gains

[Craig Mottley]

My company loaned funds to a buyer and now the buyer would like to give back the property due to special circumstances. I would like to keep the deed in place (avoiding 90 day rule) and list the property without funds going to buyer, which they have agreed. If the lien amount is paid with no funds going to buyer would that trigger capital gains for them? Buyer is a family friend that’s why I don’t want to cause any negative impact to them. Any suggestions would be great. Thanks