1031 replacement property mortgage: conventional or commercial?

[Steve Smithy]

Do I need to use a commercial mortgage/note to buy a replacement property on a 1031 exchange?

I sold a property, used a 1031 qualified intermediary to hold the funds, and now I want to buy the replacement property. I currently have no mortgages, and was thinking it would be nice to use a conventional mortgage to buy the property as they are typically lower interest. I have no problem putting the property or mortgage in my name instead of a LLC or corporation, is there a way to use a regular 30yr conventional mortgage when I buy the replacement? The 1031 rules don't say anything about the mortgage being commercial, only that it be like-kind and greater than the one it replaces, and that all the cash must go into the replacement property.

[Bill B.]

That’s a @Dave Foster type question. 

I BELIEVE if you file your taxes jointly you can add her name. If you don’t have to add her name to get the new mortgage I BELIEVE  you could do the swap in just your name and add her later. (Unless you live In a community property state in which case she gets half anyway and there may be no need to add her.)