Leader Bank Welcomes Kayla Frerking As Vice President of 1031 Exchanges
ARLINGTON, MA (December 21, 2022) – Leader Bank is excited to announce the addition of Kayla Frerking to our Business Banking team as Vice President of 1031 Exchanges.
“We pride ourselves on having the most innovative and experienced team members to help our clients exceed their financial goals,” said Jay Tuli, President of Leader Bank. “With the addition of Kayla to our 1031 exchange team, we look forward to expanding our offerings along with our Qualified Intermediary services.”
Kayla brings an extensive background in IRC §1031 tax-deferred exchanges and every aspect of real estate transactions, having participated in thousands of closings during her years working in the real estate industry. Kayla focuses on educating and servicing investors, attorneys, real estate brokers, agents, accountants, and financial advisors throughout the western United States. Her exchange presentations are practical, and thorough, and feature many real-life exchange scenarios to illustrate a wide range of investment and tax deferral strategies.
Over the course of her career, Kayla has worked for several renowned qualified intermediaries in the 1031 exchange industry as well as with real estate agents from the commercial and residential sectors, commercial bankers, commercial brokers, mortgage brokers, financial advisors, and DST affiliates.
“I am thrilled to welcome Kayla to our team,” said Marc Romvos, Leader Bank’s Senior Vice President of Business Banking. “Kayla brings a wealth of knowledge and experience to our 1031 exchange team, helping to improve our already robust Qualified Intermediary services.”
Leader Bank’s 1031 services, Leader1031, help facilitate 1031 tax-deferred exchanges, allowing clients to dispose of investment properties, purchase like-kind properties, and reinvest the sales proceed instead of paying taxes on the transaction. Whether our clients are dealing with a small property or larger commercial real estate investment, Leader1031.com is the ideal solution for any Qualified Intermediary needs.
About Leader Bank
Founded in 2002, Leader Bank is a Massachusetts-based entrepreneurial financial institution that approaches banking differently. The core tenets of Leader Bank include world-class client service, exemplary products, and innovation to meet the needs of its clients. At its founding, Leader Bank had $6.5 million in assets – in the two decades since, the Bank has grown into one of the most successful financial institutions in the Commonwealth with $4 billion in assets. Leader Bank’s team members have been at the forefront of supporting the Bank’s rapid growth and client-oriented solutions over the last two decades as the Bank has expanded its commercial and retail products and solutions. Leader Bank is a committed corporate citizen and prides itself on partnering with and supporting philanthropic organizations. More information on Leader Bank can be found at www.leaderbank.com.
