Topic

1031 Exchange

woman 1031

1031 Exchange and the Tax Reform Bill - What It Could Mean to Investors

Lately, the Tax Reform Bill and proposed cap on Like Kind Exchanges (LKEs) has been making headlines. This cap will impact real estate investors who utilize exchanges to grow and diversify their businesses. As Congress continues to debate the Tax Reform Bill, the benefits of 1031 exchange continue to mount. Like many other financial institutions, Northern Bank is working on understanding the Bill’s impact on investor clients and addressing their concerns.

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1031 Exchange: Why It Matters and How It Can Help You

Did you know that summer is the busiest season in real estate? Northern Bank's Michele Fitzpatrick was recently invited to present a CE credit class for Cotter Law and the WFG Real Estate School, where the hot real estate market was the focal point of discussion. She was joined by Attorney Elizabeth Cotter of Cotter Law and Lisa Stills from WFG National Title Insurance Company.

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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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