1031 Tax-Deferred Exchange Replacement Financing for the
Acquisition off a 2,600 SF Retail Property
Paradigm Capital, a nation-wide, private commercial real estate bridge lending firm, is pleased to announce that it has funded a $850,000.00 1st mortgage, for the acquisition of a 2,600 SF, Retail Property in the Rego Park neighborhood of Queens, NY. Our Borrower acquired this property to fulfill the requirements of their 1031 Tax-deferred Exchange, Paradigm’s debt shall serve as the replacement financing, completing the exchange.
According to David Kushner, President of Paradigm Credit Corp., "Paradigm was able to provide flexibility and reliable closing process to accommodate the stringent time frame and structuring needs of our Borrower, within the parameters of their 1031 exchange. There were moments during the closing process when it appeared as if the Borrower's exchange may fall through, but thanks to Paradigm's willingness to work with our Borrowers, we were able to close this loan and keep our Borrower's 1031 exchange intact."
Find more information at www.paradigmcf.com