Northern Bank brings giant piggy bank to Sudbury Branch to support local nonprofits
Northern Bank is excited to announce the launch of a community giving initiative at the Bank’s Sudbury location, featuring a custom, oversized piggy bank.
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In this episode of Everything Real Estate hosted by Realtor Randy Herman, our Northern 1031 Exchange Senior Vice President, John Starling, takes a deep dive into the basics of 1031 Exchange. He discusses the advantages of using 1031 to defer taxes , the types of properties that qualify and ways to structure an exchange, including forward, reverse and improvement exchanges. Starling also gives an overview of the 1031 Exchange rules and explains how the IRS defines like-kind exchanges and other requirements for a successful and valid exchange. He answers all those key questions investors have, including:
• What are the time frames?
• How long do I need to hold onto a property?
• How much do I have to invest?
Additionally, he explains the role of the Qualified Intermediary and the importance of working with an experienced company that knows and understands the ins-and-outs of 1031 Exchange.
Northern Bank is excited to announce the launch of a community giving initiative at the Bank’s Sudbury location, featuring a custom, oversized piggy bank.
Northern 1031 Vice President Michele Fitzpatrick shares insights on reverse exchanges and options for exchanges in a competitive real estate market.
Commercial Loan Officers join Northern Bank, strengthening our commitment to economic growth in local markets.
Northern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers live their lives and grow their businesses. From deposit products to loans to payment and collections services, we work hands-on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of $3.11 billion with 12 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender.
Contact us now to learn more about how Northern Bank can help you realize your goals and dreams.