Sanchez & Rivera clients will benefit from NES Financial’s Industry-leading security, transparency and compliance
San Jose, CA, Dec 9, 2020 – Specialty financial administrator NES Financial | JTC announced today that it has contracted to provide its purpose-built 1031 Exchange Accommodator Services to Sanchez & Rivera Title, LLC, the first Hispanic Title Company in the United States.
Established as part of The Revenue Act of 1921, 1031 exchanges enable investors to reduce or eliminate taxes on the sale of business or investment real estate. If investors want to sell one business or investment property (the “relinquished property”) and purchase a “like-kind” replacement property, structuring these two transactions as a 1031 exchange can enable investors to defer capital gains tax and depreciation recapture tax.
“Sanchez & Rivera will be working with NES Financial | JTC to provide our clients unmatched experience and expertise, highest degree of transactional transparency and safeguards of funds,” said Mauricio Sanchez, Chairman and CEO of Chicago-based Sanchez & Rivera Title, LLC. “As the first Hispanic Title company in the U.S., it was also really important for us to work with NES Financial | JTC as we continue to help our investors venturing into real estate ownership and investments for the first time.”
Read the full press release here.
Learn more about JTC Americas, formerly NES Financial, 1031 Exchange by visiting our 1031 Exchange Guide.