1031 Exchange
Enjoy all the real estate investment gains, without any of the pains.
Preserve profit and build wealth through tax deferred exchange.
For more than 60 years, we've handled all kinds of real-estate and business transactions. We know that effectively managing the tax liability associated with a sale, can have a significant impact on your returns.
If you’re planning to sell an investment or business property, you may be able to defer your taxes with Northern 1031 Exchange. *Contact our 1031 Exchange Specialist now to investigate your tax deferred options, improve your cash flow and grow and consolidate your portfolio.
We make the process easier and more secure.
Northern 1031 Exchange has the expertise and resources to streamline your exchange and provide the necessary security of funds. As an operating subsidiary of Northern Bank, Northern 1031 Exchange is subject to supervision and regulation by the FDIC and Massachusetts Division of Banks. We are licensed and regulated, so you can be confident your funds are safe and protected.
We’re here to:
- Make expert recommendations based on your goals
- Act as your Qualified Intermediary (QI) — an IRS requirement
- Manage all required procedures and documentation
- Handle the entire, complex 1031 Exchange process
Features
Dedicated exchange specialist
who will simplify the exchange process
Calculated estimate of the funds
you might see through the exchange process
Regular updates on the latest changes
or nuances in the world of 1031 Exchange
Services
Commercial Real Estate
With our commercial exchange services, we help structure the exchange, provide guidance on partnership division and other complicated ownership structures.
Residential Real Estate
With residential real estate, we assist clients and determine the right exchange for them. Forward, reverse and improvement exchanges are all options for each client and we help them exchange for a property just right for their needs.
Vacation Rentals
With vacation rentals, we provide guidance on the IRS safe harbor to ensure a clean and unquestioned exchange, ensuring our clients understand the requirements for holding and renting vacation homes.
Introduction to 1031 Exchange
As an investor, you can’t always predict what the real estate market will do or what opportunities will arise, but when they do, you need to have the cash flow available to meet your investment goals. A Northern 1031 Exchange enables you to expand or diversify your portfolio while deferring your taxable gains and increasing your return on investment.
Success Story
Northern Bank made it easy.
Franchise Owner, Dunkin'
The biggest benefit of using Northern Bank to handle our 1031 Exchange was that they really helped guide us through the complex process. They made sure we met our tight timelines and made it all seamless for us. The personal attention and communication were phenomenal.
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Michele Fitzpatrick
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Joseph Bonavita
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John Starling
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Northern Bank, including its subsidiary Northern 1031 Exchange, LLC does not provide tax, legal or accounting advice, nor can we make any representations or warranties regarding the tax consequences of your exchange transaction. We strongly encourage you to seek appropriate professional advice regarding your specific facts and circumstances.