LendSure Launches Reverse 1031 Exchange With Bridge Loan
Non-QM wholesaler LendSure Mortgage Corp. introduced a new program allowing borrowers to finance new investment properties without selling their existing assets.
The Reverse 1031 Exchange with Bridge Loan program is a new addition to the lender’s non-QM offerings for real estate investors.
The LendSure Bridge Loan requires no payments until the maturity or sale of a relinquished property, giving investors early access to capital for down payments on replacement properties.
“The addition of the Reverse 1031 Exchange with Bridge Loan to our solution toolkit is an exciting development in the changing market,” Joseph Lydon, Co-Founder and Co-Managing Director of LendSure, said.
“By utilizing our 1031 Exchange solution, investors can seamlessly transition sale proceeds into new, similar investments, effectively deferring taxes…