How Long Does Fountainhead Take to Close a Loan?

Fountainhead 504SBA 504 Blog0 Comments

Please share...Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInShare on StumbleUponBuffer this page

Most commercial real estate contracts, when you want to go and buy a commercial property, are made for 60 or 90 days to close. Oftentimes, with a 30-day financing contingency, our average closing from start to finish–from when I talk to a business owner to the time we’re at the closing table–is about 45 days. The fastest we’ve done with an SBA 504 loan is 26 days but we’re, frankly, a lot of times in that 40-45 day range–more than sufficient for any commercial real estate contract.

Please share...Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInShare on StumbleUponBuffer this page

Leave a Reply

Your email address will not be published. Required fields are marked *