Deferred
Deferred is a technology-first qualified intermediary that facilitates 1031 tax-deferred exchanges for real estate investors with no exchange fee. It pairs veteran QI staff with a digital platform and an AI tax research assistant.
Best for: Real estate investors and advisors running 1031 exchanges who want a no-fee, tech-driven qualified intermediary and instant AI-backed tax research.
Last reviewed 6/2/26
Pricing
No fee for forward exchanges; Deferred earns and shares interest on held exchange funds instead of charging a QI fee.
- Integrations
- Property types
- Investment real estate, Commercial, Multifamily, Single-Family
- Geography served
- United States
How Deferred uses AI[2][3][4]
Deferred runs ARTE, an AI tax research assistant trained on 8,000-plus pages of US tax law that answers 1031 exchange and real estate tax questions with cited sources. The platform also uses AI to automate exchange documentation and deadline tracking.
- • ARTE assistant, built on GPT-4 and trained on 8,000-plus pages of US tax law, answers real estate tax and 1031 questions with citations
- • AI drafts exchange documents and tracks 45-day identification and 180-day closing deadlines
- • AI-driven compliance automation replaces traditional paper-based qualified intermediary workflows
AI type: LLM-based research assistant (GPT-4) plus document and compliance automation
Key numbers[1][3][4]
- • Nearly 7,000 1031 exchanges facilitated via acquired Plenti Financial
- • ARTE trained on 8,000-plus pages of US tax law and reported to outperform human test takers on CPA exam benchmarks
- • $0 fee on forward exchanges, with interest on held funds shared with clients
- • FDIC-insured exchange accounts
Credibility[4][5]
- Founders & team
- Founded in 2024 by proptech entrepreneurs Judd Schoenholtz, Alex Farrill, and Aaron LaRue. Real estate attorney David Greenberger (30-plus years) joined via the Plenti Financial acquisition.
- Customers
- Through its October 2024 acquisition of Plenti Financial (1031 Exchange Advantage), Deferred gained a track record of nearly 7,000 facilitated 1031 exchanges with 5-star ratings.
- Investors
- Raised $3.6M seed in April 2025 led by B Capital and Fika Ventures, with strategic angels from Ramp, Zillow, SoFi, Compass, Opendoor, Plaid, and Newfront.
Founded
2024
Headquarters
Los Angeles, California
Stage
Seed
Sources
- Deferred official site (no-fee QI, interest sharing, FDIC-insured)
- ARTE AI Real Estate Tax Expert product page
- ARTE chatbot v0.1 engineering blog (GPT-4, 8,000 pages, CPA benchmark)
- PR Newswire: $3.6M seed funding, founders, investors, HQ, AI automation
- Fika Ventures: Why We Invested in Deferred
- HousingWire: Meet Deferred, the new kid on the 1031 exchange block
- Deferred LinkedIn company page
Related companies
Better
Digital mortgage lender with an AI mortgage advisor that guides borrowers through pre-approval, refinancing, and HELOCs. Over $110B in loans funded.
Betsy is Better's voice-based AI loan assistant, built on generative AI and large language models to guide borrowers from pre-approval through closing.
LeaseLock
Replaces traditional security deposits with AI-underwritten lease insurance, using proprietary risk scoring and fraud detection to cover multifamily operators while improving leasing velocity.
AI underwrites lease insurance policies for rental housing, scoring property and renter risk from property, financial, claims, and geographic data to price coverage and forecast rent loss.
RealAI
AI real estate analyst by Fundrise. Delivers institutional-grade underwriting, comps, pro formas, and investment memos in seconds instead of days.
Built by Fundrise, RealAI pairs large language models with big-data machine learning, trained on trillions of data points, to underwrite, screen acquisitions, and generate investor-ready analyses across U.S. residential and commercial properties.