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Are You Taking Advantage of the Benefits of an IRS Section 1031 Exchange?

A 1031 property exchange is one of the most powerful tax deferral strategies available. Using a Qualified Intermediary, Section 1031 of the Internal Revenue Code allows you to sell real property held for investment or productive use in business, purchase other "like-kind" property, and defer capital gains.

It’s essential to choose a Qualified Intermediary, such as Pacific Premier Bank’s exchange division, that has the expertise, financial strength, and stability to guide you through the process, all while safeguarding your funds.

How Does a 1031 Exchange Work?

  • Exchanger executes a purchase agreement with buyer and opens escrow.
  • Once escrow closes, sale proceeds are directed to Pacific Premier Bank as accommodator and held in a segregated account.
  • Exchanger has 45 days from the sale of the relinquished property to identify replacement property.
  • Replacement property must be acquired by the Exchanger within 180 days after the sale of the relinquished property.

Who Can Qualify?

Any owner of investment and business property—individuals, corporations, partnerships, limited liability companies, trusts, and other tax-paying entities—may qualify for an exchange.

Fill out the form below and learn how you can increase capital for your next investment.

Neither Pacific Premier Bank nor its divisions provide tax advice. The information herein is not intended to constitute legal, financial, or tax advice. Please consult with your tax professional regarding the possible tax consequences of a 1031 tax-deferred exchange.