Our Company
Our Expertise
Navigating the tax code is a demanding task and completing a successful 1031 exchange is riddled with pitfalls. Unfortunately, the 1031 exchange industry remains largely unregulated and there is no guarantee that your exchange will be handled by an expert. City Capital 1031 possesses extensive knowledge of the 1031 code and applicable rulings with experts who hail from legal, tax, finance, and real estate backgrounds. Our years of experience in the industry in conjunction with the investment arena provides us with a unique ability to meet our clients goals.
Our Approach
Our philosophy is to provide a sound team approach and remain committed to high quality customer service by maintaining good lines of communication with all parties involved throughout the exchange process. We seek to effectively communicate with clients by breaking down the complex legal jargon in understandable terms.
Security of Funds
Client funds are strictly maintained in segregated FDIC insured commercial bank accounts including Qualified Escrow Accounts. These accounts provide the highest level of security, but also offer the liquidity required in promptly providing funds in an exchange. We additionally carry insurance policies to further protect our clients funds.
Claudiu E. Catuna, Esq. — Founder & President
Claudiu E. Catuna is the Founder and President of City Capital 1031, LLC. Claud likewise maintains a private law practice under Catuna Law, PLLC with a specific focus on creating and protecting wealth dealing with business, estate planning, contract, and tax law. Before City Capital 1031, he facilitated tax deferred exchanges for the largest 1031 exchange Qualified Intermediaries in the country. Claud has diligently structured thousands of exchanges to help clients meet their tax needs and protect their assets. Claud completed his law degree at Gonzaga University School of Law and undergraduate studies at University of California, Berkeley.
Andrew Favorito — Vice President & Sr. Exchange Officer
Andrew Favorito joined City Capital 1031 as Vice President and Senior Exchange Officer after more than 10 years in the hotel industry. As a General Manager of multiple Hilton properties, Andrew led his hotels to routinely achieve top positions in ADR, RevPAR, and occupancy reflected by STR reporting, while maintaining award-winning guest satisfaction scores. He brings extensive knowledge in the commercial arena especially as it applies to the hotel industry, helping clients meet their investment and tax goals. Andrew completed his undergraduate studies at Bowling Green State University in Ohio and graduate studies at the University of Southern California in Los Angeles.