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Current 1031 Introduces 3% Interest on All Exchange Funds, Held with Capital One

businesswire.com
COF Capital One is mentioned as the financial institution holding client exchange funds for Current 1031. The article focuses on Current 1031's services and interest rates, with Capital One serving as a custodian without specific commentary on its performance or outlook.

Current 1031 Introduces 3% Interest on All Exchange Funds, Held with Capital One MANHATTAN BEACH, Calif.--( BUSINESS WIRE)--Current 1031, a Qualified Intermediary (QI) founded by veteran real estate and finance professionals, today announced a 3% interest rate on all client exchange funds, with no size tiers or minimums. Funds are held at Capital One, and interest is paid at the conclusion of the exchange.

A 1031 exchange allows real estate investors to defer capital gains taxes by reinvesting sale proceeds into a like-kind replacement property within 180 days. During that period, exchange funds are held by a Qualified Intermediary. At a 3% interest rate with Current 1031, a $10 million exchange held for the full 180-day period would accrue approximately $147,000 in interest; a $25 million transaction would accrue approximately $369,000 over the same window. Current 1031 charges a flat fee of $1,500 per exchange with no hidden costs.

“Every dollar sitting in an exchange account should be working for the investor, not sitting idle,” said Brad Wetherby, co-founder of Current 1031. “With 3% interest on funds held at Capital One, we are putting real, meaningful money back into the hands of our clients.”

A Resource Built for Real Estate Brokers and Advisors

For most real estate brokers, the QI conversation happens at the end of a transaction. Current 1031 moves that conversation to the beginning. When a broker introduces a QI that provides a 3% interest rate on exchange funds at Capital One, that broker provides a quantifiable benefit to the client that strengthens the broker’s advisory relationship.

About Current 1031

Current 1031, LLC is a Qualified Intermediary facilitating IRC Section 1031 like-kind exchanges nationwide. The firm holds all exchange funds in segregated accounts at Capital One and pays 3% interest on every client exchange, with no size tiers or minimums. Founded by veteran real estate and investment professionals, Current 1031 combines institutional-grade fund security, experienced guidance, and flat-fee pricing. Learn more at current1031.com.

Disclaimer: Current 1031 does not provide legal or tax advice. Investors should consult their own tax and legal advisors regarding 1031 exchanges and related matters. Interest rates are subject to change.