The market may have dropped But The 1031Exchange Money is still in the Bank

John LastelicBecause Haven Exchange maintains separate money market bank accounts for every exchange  (not at all the same as “money market funds”), not one penny of 1031 exchange funds has been lost on the latest Wall Street roller coaster ride.  All of the money is still in the Bank!

Seek  Haven Exchange 866-794-1031

 

 

 

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CMBS Article from NREI

Brent-Kenefick_jpgHere is a portion of an article from National Real Estate Investor Magazine discussing the role of CMBS or “Conduit” loan in the Apartment lending space.  We are seeing more and more transactions where the buyer of larger apartment complexes consider the advantages of CMBS financing over traditional financing thru banks and Fannie and Freddie.  CMBS is getting a little more aggressive but still underwriting is sound.  They are not allowing projected rents to be used to size the loan like they did prior to the market crash in 2008.
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