How long does it take to purchase an office/ medical condominium, build the interior space improvements and move in?
The process from the signing of the purchase contract and the opening of escrow to the completion of the due-diligence is typically 30 days. During the 30 day due-diligence, your lender will actually approve the loan and provide a commitment letter. At this time you will work with a Paragon specialist, the selected architect and contractor to design and create the construction plans for the interior space improvements. This process takes approximately 60 days, which can be completed prior to the purchase of the office/medical condominium. The construction of your office will take between 90 and 120 days.
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