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December 14, 2006
Commercial Mortgage Strategies - 1031 Exchange Seasoning of Ownership
Most traditional banks require a minimum holding period (usually a year or more) before a commercial mortgage loan can be refinanced. That minimum period is the ownership "seasoning limitation". There are certain situations in which the seasoning limitation will prevent an opportunity to refinance a commercial mortgage. As a prime example, in the case of Commercial 1031 Exchange properties, commercial borrowers should benefit from commercial mortgage loans for 1031 Exchange Refinancing without seasoning of ownership
From Commercial Mortgage Strategies - 1031 Exchange Seasoning of Ownership
Posted by Alex at December 14, 2006 09:17 AM
