We have an excellent discussion about commercial real estate, 1031 Exchanges with nxtCRE Founder and CEO, Adam Sharif, a CRE veteran with over 25 years of experience in finance and development.
With his deep understanding of the market and the need for transparency and organization, Adam founded nxtCRE, a technology-enabled fintech that partners with CRE lenders across the nation.
Through its nationwide partnerships with commercial real estate financial institutions, nxtCRE provides lenders with free access to their borrowers who are involved in 1031 exchange investments, which he refers to as "must-buy investors" (MBIs).
Why "must-buy?"
MBIs are investors who are required to reinvest cash from the sale of one property into another investment property as 1031 exchange candidates within a short period of time.
With a 1031 exchange, an investor has just 45 calendar days to identify a suitable replacement property or properties they plan to purchase, and then 180 days to close on a property that they have identified.
Tick tock, indeed!
nxtCRE's platform provides lenders with exclusive access to these immediate investment needs of MBIs, which can help them originate new loans, retain servicing, retain borrowers, and generate additional revenues by providing lenders with line of sight to borrowers who are paying off a loan and are also 1031 exchange candidates.
Things we discussed in this episode: - Gaining insight into a seller's plans before refinancing a mortgage - What is a 1031 Exchange and how does it benefit commercial real estate investors? - How can financial companies retain customers conducting 1031 Exchanges? - Why are 1031 Exchange investors considered the "holy grail" of buyers? - How many commercial property sellers are doing 1031 Exchanges? - Early signs and triggers that can help real estate brokers
Join Jason Muth and Attorney / Broker Rory Gill of NextHome Titletown and UrbanVillage Legal in Boston, Massachusetts for another episode of The Real Estate Law Podcast!
#realestatepodcast #nexthome #humansoverhouses #realestate #realestatelaw #realestateinvesting #realestateinvestor #realestateagent #realestateportfolio #1031exchange #commercialrealestate _____________________ The Real Estate Law Podcast is hosted by Jason Muth and Attorney / Broker Rory Gill.
This podcast and these show notes are not legal advice, but we hope you find both entertaining and informative.
The Real Estate Law Podcast, because real estate is more than just pretty pictures and law goes well beyond the paperwork and courtroom arguments.
