Reverse 1031 Bridge Loan Program

Coppercrest Funding LLC provides several loan products which cater to taxpayers ("Exchangors") in reverse 1031 tax deferred exchanges.

Our short-term bridge loans can cover up to 100% of the purchase price on a .Qualified Replacement Property., which is secured by liens on both the .Replacement Property. and on the property to be relinquished.

• 100% financing for the Replacement Property (or a lesser amount requested by Exchangor).
• Overall loan-to-value ratio of the loan, taking into account total value of Relinquished Property and Replacement Property, can not exceed 65%.
• 1st lien on Replacement Property
• 1st lien on Relinquished Property or a 2nd lien if the property already has a 1st lien.
• Upon the sale of the Relinquished Property, the loan must be paid down so the amount of the lien on the Replacement Property is no greater than 65% of its value.

Loan Structure and Documents

• Deed of Trust signed by the INT LLC
• Promissory Note signed by both the INT LLC and the Exchangor
• Loan is non-recourse to the INT LLC
• If Exchangor is an entity (LLC, Corporation, Trust, etc.), underlying owner(s) (member, shareholder, etc.) must sign personal guaranty

Other Requirements

• Appraisals on both properties
• Title reports on both properties
• Environmental reports on both properties, if applicable
• All of the foregoing must be ordered by Coppercrest and paid for at or before closing by Client; Coppercrest will have sole discretion to use existing appraisals and environmental

Contact Harry Leitner for additional information or to submit a Reverse 1031 Bridge Loan - 866-866-3366