Reverse 1031 Exchange

 In RECENT TRANSACTIONS

Chino

Lone Oak Fund LLC financed the acquisition of an 81,282 square foot, single tenant retail building in Chino, California. The Borrower acquired the property for $7,350,000 through Auction.com via a Reverse 1031 Exchange. Lone Oak financed 50% of the Borrower’s purchase price.

The out-of-state investor was introduced to Lone Oak Fund through his mortgage broker.  Due to the logistics of a Reverse 1031 Exchange, the Broker approached LOF requiring flexibility and a very fast close. Lone Oak was able to accommodate the buyer’s needs and close the Loan in less than 1 week.

 

 

 

Recent Posts