Due to construction, the drive-up lane 1 will be closed at our Woburn Main branch from Tuesday, October 20 until Monday, October 26. The branch will remain open during regular business hours.

Our Woburn Main branch will be temporarily closed from Monday, October 26 through Friday, October 30 while we repave the parking lot. View more details.

FDIC-Insured - Backed by the full faith and credit of the U.S. Government

Partner Site Disclaimer

By accessing the noted link you will be leaving our website and entering a partner site which is hosted by another party. Please be advised that you will no longer be subject to, or under the protection of, the privacy and security policies of our website. We encourage you to read and evaluate the privacy and security policies of the site which you are entering, which may be different than those of ours. 

Continue to External Website external-link icon
eBook Download ↓

Introduction to 1031 Exchange: A Step-by-Step Guide

Know & Grow

Preserve profit and built wealth through tax deferred exchange.

Selling investment or business property requires you to pay taxes on the profit from the sale. But, did you know that if you wish to reinvest, it is possible to defer paying the tax

and use the entire amount of equity from the exchange to acquire substantially more replacement property? That's just one of the benefits of a 1031 Exchange.

By deferring taxes. a property owner can:

  • Improve cash flow
  • Consolidate or diversify their holdings
  • Solve management problems
  • Increase leverage
  • Enhance the opportunity for greater wealth

Northern 1031 Exchange* acts as the Qualified Intermediary (QI) in an exchange, which is a key requirement for completing a qualified tax deferred transaction. As a QI, we have extensive knowledge of the exchange procedures and contract stipulations and are here to help make the process easier.

Download our eBook now to gain expert insights into the process and requirements for completing a successful 1031 Exchange.

Download our eBook now.

Cover of Northern Bank's Introduction to 1031 Exchange guide

* 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.