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Updated 24 days ago on . Most recent reply
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Entity Transfer - Loans
Hey!,
I am wondering if anyone has expertise or experience with entity transfers and the loan options available?
Specifically, must this be a commercial/business loan type where you have higher rates and shorter loan life or is there an alternative loan type?
My interest in entity transfers is the ability to forego a massive increase in the tax bill upon reassessment. Any insight is appreciated!!
-Evan
Most Popular Reply
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A classic drop n swap, what has been referred to in the previous mentions. I have dealt with this type of transaction many times. You can only do this with a commercial loan. However, I do have a lender that can conduct an entity transfer with a commercial loan from 2 units and up. Let me know if you are interested in discussing this option!
- Marco Fiore
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