How long to close.
How long a commercial loan takes to close is driven mostly by third-party report lead times. Pick the loan type and the items that apply for a planning estimate, then remember the controllable variance is coordination.
What actually sets the pace
The fixed part of a closing timeline is third-party lead time: appraisal, environmental, and survey each take weeks, and title work follows. HUD and construction deals carry the longest processes by far.
The controllable part is coordination. Two deals of the same type can close weeks apart depending on whether the checklist is live and every open item has an owner and a date.
How to read the estimate
This estimate is a planning tool, not a commitment. It reflects typical lead times, not your specific parties, and real timing depends on borrower and counsel responsiveness.
Deals that run on a live checklist spend their calendar on diligence rather than on chasing, which is where the estimate can beat the average.
SVN Holman's team, after consolidating closings onto Prodeal.
Questions lenders ask
- How long does a commercial loan take to close?
- Typically 45 to 90 days from term sheet, driven by third-party report lead times and title work. HUD and construction deals run considerably longer. The estimator above gives a planning range by loan type.
- What slows a closing down most?
- Third-party report turnaround sets the floor, but the controllable variance is coordination: deals with live checklists spend their time on diligence instead of chasing status.
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