Can you do a cash out refinance into HUD with 1031 TIC investors?
Hello,
We are currently syndicating and have $2M with 1031 investors and are closing as tenants in common. We will use a 4 year bridge loan and do a cash out refinance into HUD in 4 years. We want to have the 1031 investors complete their tax deferred exchange with us. Can we cash out refinance as tenants in common into HUD in order to buy out the investors so that we are the only entity on title?
Thank you