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Why Choose STEC for Your 1031 Exchange?
STEC facilitates 1031 exchange transactions with care, trust, knowledge and experience, ensuring that exchangors feel that their exchange funds are secure. Below are just a few of the reasons that STEC lives up to its clients’ confidence in choosing it to facilitate their 1031 exchanges and serve as qualified intermediary.
Knowledge and Experience
STEC’s team of knowledgeable and efficient deal counsel understand the 1031 exchange process and can provide answers and guidance and during each step of the process. We are ready to work directly with you and your legal and tax advisors to develop an exchange plan that will allow you to receive the full benefits of a 1031 exchange. Our deal counsel and transaction team have decades of experience across the spectrum of real estate classes and transaction types. We put our knowledge to work providing timesaving, innovative and competitive solutions for our clients and partners.
Client Service
STEC is committed to fully servicing its clients’ needs during the exchange process. The legal and real estate backgrounds of STEC’s deal counsel allow STEC to provide unmatched expertise and insight to each of its clients. We can provide our 1031 exchange document package within hours. As a testament to its outstanding client service, STEC frequently receives 1031 exchange referrals from clients of its affiliated entity and commercial title insurance agency, Standard Title.
Fund Security
STEC will secure your 1031 exchange funds, confirm all disbursements with you or your attorney – only you or your attorney can authorize the disbursement of any exchange funds – and accurately document and process your transaction.
The exchange funds of STEC’s clients are deposited in FDIC-insured institutions with investment grade ratings for each exchange STEC executes. The accounts are segregated bank deposit accounts designated with the taxpayer’s name and tax identification number – exchange funds are never commingled with the exchange funds of other clients. STEC is fully insured with errors and omissions insurance coverage and we maintain a fidelity bond from a leading insurance underwriter.
Interest-Bearing Accounts
STEC has strong relationships with FDIC-insured depository institutions and we can negotiate above-market interest rates for our 1031 exchange clients.
Trustworthiness
STEC and its affiliated companies have developed a reputation for trustworthiness and for zealously advocating for their clients to complete transactions by working through complex issues. This reputation is vitally important in STEC’s function as a qualified intermediary, as there is no comprehensive regulation or oversight of the qualified intermediary industry and there are no licensing or ethical requirements for an entity or individual to act as a qualified intermediary.
Replacement Property Efficiencies
Because of its affiliation with Standard Title, STEC can provide additional efficiencies to the exchangor in the acquisition of the replacement property, including title insurance and escrow and disbursement services.