Our direct connect will assist developers, builders, and attorneys with the tools needed to manage real estate taxes.

Judicial's legal department is thoroughly familiar with the legal necessities and fine points of this increasingly popular financing vehicle.

Our legal and closing departments will provide support in any way necessary to lenders nationwide.

We know defeasance, and will furnish coordinated services to financial institutions and defeasance providers as well as their counsel.

Savvy investors know that Internal Revenue Code (IRC) Section 1031 provides a vehicle for deferring capital gain taxes when disposing of investment property. Thanks to the IRC §1031, a properly structured exchange allows an investor to sell an investment property, and acquire a new property, and potentially defer all capital gain taxes. IRC §1031 (a) (1) states: No gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment, if such property is exchanged solely for property of like-kind which is to be held either for productive use in a trade or business or for investment.

Pursuant to IRC §1031, capital gain deferment requires the exchange of “like-kind” relinquished property for other “like-kind” replacement property. Generally real property held for investment or real property used in a trade or business can be exchanged for other real property held for investment or real property used in a trade or business. A delayed exchange is the most common exchange format. It provides investors up to 180 days to acquire replacement property through the use of a Qualified Intermediary (“QI”) to complete a valid delayed exchange. The steps involved in a delayed exchange are outlined below:

Please contact our commercial specialist Angelo Delli Carpini for further assistance (914) 381-6700