SVP John Starling answers 1031 Exchange FAQs
John Starling, Senior Vice President of Northern 1031 Exchange, answers frequently asked questions regarding like-kind exchanges in a 2019 article published in the New England Real Estate Journal.
Since 1960, Northern Bank has been the banking partner of choice for businesses throughout New England. We take an entrepreneurial, common sense approach to providing a complete line of banking and loan solutions for our customers. The Gately family has been one of our most valuable banking partnerships for over 40 years.
Two Woburn families doing business together, spanning three generations for over 40 years.
George Gately
In the mid 1970’s, George Gately Sr. started a multi-generational relationship between his family and Northern Bank. Since then, Northern Bank has been proud to work with the Gately family including on their newest project in Burlington, MA. Three generations of Gately’s have partnered with Northern Bank to drive the growth of their business.
Northern Bank invests in the communities we serve, and we’re passionately committed to helping our customers grow.
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VP Michele Fitzpatrick reflects on 2020
2020 was quite a year and presented many challenges. In this New England Real Estate Journal, 2020 Year in Review Spotlight Edition, Northern 1031 Exchange Vice President, Michele Fitzpatrick, reflects on the unprecedented year and the many positive aspects that came out of working through the pandemic.
How vacation homes qualify for a 1031 tax deferred exchange
The IRS provides a safe harbor for vacation rentals. In the 2018 New England Real Estate Journal article written by Northern 1031 Exchange Senior Vice President, John Starling, he highlights the details and the differences between a second home and a vacation rental.
About Northern Bank
Northern Bank is a full service bank dedicated to providing practical, common sense financial solutions to help our customers’ lives and businesses grow. 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 $2 billion with 12 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, an Equal Housing Lender, and consistently ranked among the best performing community banks in New England.
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