Business Description
Exchange Facilitator Corporation was founded in 1988 by President Dennis P. Helmick and fellow House Counsel Kelly M. Yates. There are 3 Certified Exchange Specialists® on staff. The first exchange company formed in Washington, Exchange Facilitator has structured more than 8000 successful exchanges, ranging in value from less than $50,000 to more than $500 million.
• Staff attorneys who consult with you and your tax adviser at no charge or obligation, developing a successful exchange strategy, discussing the risks/benefits of exchanging and the profile of your replacement property.
• Errors and omissions insurance protection. Click here for copy of E & O Insurance.
• Custom preparation of exchange documentation for your old and new property escrows, and review of such documents to ensure successful completion of your exchange.
• Assistance in correctly identifying and designating your new investment property.
• Review and execution of escrow closing documents as seller of the old property and purchaser of the new.
• Safe holding and disbursement of your exchange proceeds, giving you the benefit of any interest earned.
• Full reporting of exchange proceeds and earnings, in an "accountant ready" binder with copies of your exchange documents.
Because tax laws, regulations, court cases and IRS rulings are subject to change, it is important that you consult your tax advisor or one of our staff attorneys to determine if there have been any changes which could affect your exchange.
Private Note - only you can see it
Fees for completed delayed exchanges (sale first of Old Property followed by purchase of New Property) are based upon the amount of equity held by Exchange Facilitator Corporation (“EFC”).
DELAYED EXCHANGE
EXCHANGE EQUITY LESS THAN $500,000…………………………………………$1,500.00
EXCHANGE EQUITY BETWEEN $500,001 AND $1,000,000………………………..$2,000.00
EXCHANGE EQUITY BETWEEN $1,000,001 AND $2,000,000……………………...$2,500.00
EXCHANGE EQUITY ABOVE $2,000,000 PLEASE CALL FOR A QUOTE
CANCELLATION FEES
If the delayed exchange cancels after the closing of the first leg, the total fee is:
For transactions costing between $1,500.00 and $2,000.00 our cancellation fee is $1,000.00.
For transactions costing between $2,500.00 and $3,000.00 our cancellation fee is $1,500.00.
For transactions costing more than $3,000.00 please call for a quote.
If more than one Old Property is sold in a separate escrow or on a different closing date an additional $250.00 cancellation fee for each additional property sold will be charged.
ADDITIONAL PROPERTIES
A fee of $250.00 will be charged for each additional property involved in the same exchange (delayed or simultaneous).
INTEREST
All interest earned on the exchange equity is credited to the Exchangor’s account, reportable by the Exchangor as ordinary income and is either applied to the acquisition of Replacement Property or released to the Exchangor at the end of the exchange.
IMPROVEMENT EXCHANGE
Where Improvements are to be constructed on the New Property from exchange funds prior to the time Exchangor takes title, please call for a fee quote.
REVERSE EXCHANGE
Where Title to the New Property must be taken prior to the closing of the sale of the Old Property, please call for a fee quote.
*Surcharge: Subject to prior approval by the exchange customer, Exchange Facilitator Corporation reserves the right to quote surcharges to the base fees for “RUSH” transactions and “SUBSTANTIALLY COMPLEX” exchange transactions.
