The attorneys at Gillman Bruton & Capone, LLC have been practicing law in New Jersey and New York for over 25 years, with an emphasis on commercial and residential real estate transactions, commercial lending and other transactions. Whether purchasing or selling a large apartment complex or retail shopping center, refinancing a large commercial mortgage loan, or simply buying your dream home, each client gets our attorney’s direct and personalized attention to their matters. Drawing from prior experience at some of New Jersey’s most respected real estate law firms, our Real Estate Group delivers the high caliber legal advice you’d expect to find only at a larger firm at a fair and reasonable price.
Why You Need a Good Real Estate Attorney
A heated real estate market offers unprecedented opportunities and risks. That’s why it’s so important to have reliable information and solid legal advice before you buy or sell property. Gillman Bruton & Capone, LLC can help you avoid making costly mistakes. And if you are in arrears on your mortgage or facing foreclosure, we can help you save your home. We can assess your options and help you make your decision. Once a decision has been reached, we will be there to guide you through the legal process every step of the way. We want our clients to feel comfortable. Consulting a lawyer shouldn’t be intimidating. Each case receives personal attention. And you won’t have any trouble getting in touch with us. Your calls will be returned promptly. When we quote you a fee, that’s exactly what you’ll pay. Some firms charge for all kinds of extras like emails and copying without telling you up front. At Gillman Bruton & Capone, LLC, there are no hidden fees.
What You Need to Know About a 1031 Tax-Deferred Exchanges
We specialize in helping sellers of commercial real estate property or other investment property save money through the use of a special provision in the tax code – 1031 Tax Deferred Exchange. Ordinarily, if you sell commercial property, you could end up owing the IRS a significant amount of capital gains and other taxes. However, if you set your sale up as as a 1031 and then buy another piece of property within required time periods, you may defer capital gains tax. We work with an intermediary company that only handles 1031 tax-deferred exchanges. That means that you will be getting the tax break you desire with no surprises.
Qualified Opportunity Zones (QOZ)
In addition to 1031 Tax Deferred Exchanges, a new vehicle under the Tax Code called Qualified Opportunity Zones (QOZ) also provides opportunities to defer capital gains taxes by investing in areas designated as being in need of redevelopment. With our experience in complex transactions, our Commercial Real Estate Group has the knowledge of QOZ opportunities and other emerging areas to assist our clients in maximizing their investments.