COMMERCIAL REAL ESTATE MORTGAGE ANSWERS: (1) How Long does it takes to close a loan?
We can generally give you an assessment of your situation in our first conversation. You can get “pre-qualified” as quickly as 2-5 days. For “Lite- Doc” programs, approval and closing can take place within 3-4 weeks. Full documentation loans that require third party reports such as appraisals and environmental inspections usually takes between 30-60 days to close. Providing us with complete information and documentation early on can speed the process considerably.
