Chciago, Ill. (PRWEB) December 11, 2013
Chicago-based MB Financial Bank is helping property owners, business clients and investors make the most of their assets by acting as their Qualified Intermediary for 1031 Tax-Deferred Exchanges. This service is provided through the MB Financial Deferred Exchange Corporation, a wholly-owned subsidiary of MB Financial Bank.
“We are confident that the current overall trend of the real estate marketplace will generate 1031 Exchange opportunities for investors,” says Arnold Brown, senior managing director, MB Financial Bank.1031 Exchanges enable property owners, businesses and investors to defer their capital gains tax on a property sale by purchasing like-kind properties within a prescribed time frame.
“Our experienced MB professionals can help clients use 1031 strategies for other forms of business investments and property as well,” adds Brown. “Manufacturing equipment, computer systems, art work and even corporate aircraft and vehicles are some of the assets that can qualify for a 1031 Exchange. As a Qualified Intermediary, we can help our clients during every phase of an exchange from beginning to end.”
MB Financial Bank’s holding company, MB Financial, Inc., is traded on the NASDAQ as “MBFI.” MB Financial has approximately $10 billion in assets. MB Financial Bank (http://www.mbfinancial.com) is a locally-operated financial institution that has been delivering competitive personalized service for over 100 years to businesses and individuals who live and work in the Chicago metropolitan area.