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Updated almost 6 years ago,

User Stats

48
Posts
6
Votes
Ramon Wilson
  • Investor
  • Los Angeles, CA
6
Votes |
48
Posts

1031 Exchange, Improvement Exchange Loan or Lender

Ramon Wilson
  • Investor
  • Los Angeles, CA
Posted

Hi BP Community, Has anyone had any luck getting a loan on a 1-4 unit property purchased as an upleg to a 1031 improvement exchange. The difficulty seems to be that the QI requires the loan to be non-recourse to them as the initial borrower and most 1-4 loans require recourse to the borrower. Any advise or suggestions are appreciated. Thanks.