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Updated 3 months ago on . Most recent reply

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3
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Evan Miller
5
Votes |
3
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Entity Transfer - Loans

Evan Miller
Posted

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

  • Evan Miller
  • Most Popular Reply

    User Stats

    62
    Posts
    62
    Votes
    Marco Fiore
    • Real Estate Agent
    • Cincinnati, OH
    62
    Votes |
    62
    Posts
    Marco Fiore
    • Real Estate Agent
    • Cincinnati, OH
    Replied

    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
    business profile image
    eXp Realty - Marco Fiore Real Estate
    5.0 stars
    11 Reviews

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