Commercial mortgage broker Financial Compound occasionally does home loans. A recent residential closing for 75% of purchase, 3.875% interest rate, 30 years fixed, 30 year amortization. No lender fee. Aside from amazing loan terms, this transaction was unique in that the borrower was trading out of a 4 plex and did a 1031 exchange to purchase his primary residence. The borrowing entity was an LLC, the LLC that was coming out of the 1031 exchange.
Since the primary residence was being leased back to the seller for an indefinite period of time, the transaction was able to qualify for a 1031 exchange of like kind property. In this case the borrower truly got his cake and ate it too. Commercial mortgage broker Financial Compound is able to determine creative solutions to financial problems and often comes up with incredible results.