Private hard money lender closings

Fairview Lending ( is the leader in private lending in Colorado, Georgia and Illinois.  We strictly lend our own money and there are never any upfront fees.  We have recently updated a list of some of our recent hard money…

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Loan broker fraud

Do you know your loan broker?   There was an interesting article in the Wall Street Journal ( ) regarding mortgage brokers / Loan arrangers.  In this article the author discussed a drastic rise in the fees that borrowers were…

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1031 Exchange Risks

Before delving into the risks of a 1031 exchange, it is important to define at a very high level what a 1031 is. A 1031 exchange allows individuals who sell an investment property to use the proceeds from the sale to invest in another “like” property. The 1031 exchange allows property owners to defer their capital gains tax liability. The purchase of a like kind property must occur within 180 days.

Although the definition above sounds simple there are a number of considerations to keep in mind before engaging in a 1031 transaction. Ensure that you fully understand the rules associated with this type of exchange. Details can be found at One requirement of all 1031 exchanges is that an intermediary be used. Once a property is sold, money is placed with this intermediary until a like kind property can be located and closed on. Intermediaries are unregulated and the funds held by them are not FDIC insured like a traditional deposit at a bank. As a result a number of bad apples have crept into the intermediary business. A Denver Post article reports that in the past year “Three hundred and thirty investors nationwide including 80 in Colorado, lost 132 million when qualified intermediaries absconded with their money.”

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