Thank you for considering Exeter Reverse 1031 Exchange Services, LLC as your Exchange Accommodation Titleholder ("EAT") for your Improvement 1031 Exchange transaction. Improvement 1031 Exchanges are also referred to as Build-To-Suit or Construction 1031 Exchanges. Our 1031 Exchange Specialists have extensive experience and expertise in working with institutional, corporate and individual investors, especially on complex Improvement 1031 Exchange transactions.
You can also email your technical Improvement 1031 Exchange questions to firstname.lastname@example.org and one of our senior 1031 Exchange Advisors will respond no later than 24 hours.
The first step with any 1031 Exchange transaction, especially with more complicated transactions such as Improvement 1031 Exchanges, is to review the proposed Improvement 1031 Exchange transaction with your legal and tax advisors. Make sure that your professional advisors have significant experience and expertise in structuring Build-To-Suit 1031 Exchanges. Seeking competent legal, financial and tax advice should always be an integral part of your 1031 Exchange planning process.
Review Improvement 1031 Exchange with Qualified Intermediary
Second, discuss and review your proposed Construction 1031 Exchange transaction with Exeter Reverse 1031 Exchange Services, LLC as your Exchange Accommodation Titleholder in order to ensure there are no administrative issues that need to be addressed with your Construction 1031 Exchange such as legal title, lender or financing, closing and timing related issues.
Information and Documents for Due Diligence and Pre-Transaction Screening
Third, provide Exeter Reverse 1031 Exchange Services, LLC with the following information and transactional documentation in order to begin the due diligence, pre-transaction screening and set-up of your Improvement 1031 Exchange:
Your complete contact information, including your full legal name, mailing address, office or home, mobile and facsimile phone numbers, email addresses and federal taxpayer identification number, and any additional contact information that might be relevant. You will need to provide this information for each person involved in the Improvement 1031 Exchange.
Documents and Agreements Needed for Processing and Closing
Exeter Reverse 1031 Exchange Services, LLC will prepare all of the necessary Improvement 1031 Exchange agreements and documents, will order the formation of your new limited liability company (LLC) that will be used to acquire and park title to the replacement property, and work with your escrow agent, closing agent or closing attorney to determine what else will be necessary in order to successfully complete your Improvement 1031 Exchange.
The following documentation and information will be needed in order to beginning structuring you Improvement 1031 Exchange:
Phase I Environmental Site Assessment and Inspection Report to determine whether there has been any environmental contamination of the replacement property. This report is required if the property is zoned commercial, office, industrial, retail, agricultural, vacant land, or multi-family consisting of ten units or more. The final Phase I Environment Site Assessment and Inspection Report must be provided to and reviewed by Exeter Reverse 1031 Exchange Services prior to closing.