Client was in a 1031 exchange from the sale of a large asset that we had financed for them just a year prior in the Long beach, CA area. The market appreciated so rapidly and it allowed them to fulfill the dream of venturing into other states on newer bigger assets.
Larger loans in areas like Georgia many bank type lenders fall out of the mix, and the clients had no other assets in that market area. Also buyers were competing with REIT type investors.
We placed them into a Fannie Mae DUS loan with the green rewards built into the deal structure. We closed on time and clients were happy. Love these guys they are great to work for.