In the wake of the COVID-19 pandemic, teamwork and efficiency are paramount when it comes to closing a commercial loan transaction. For newly established and veteran commercial lenders, real estate owners, investors, and developers alike, the commercial loan closing process can be daunting, time-consuming, and expensive. Commercial loan closings do not just happen overnight; all of the parties involved and their respective advisors help pave the way for a successful closing experience. Here are a few tips to keep in mind when closing a commercial loan:
MSI's Tampa law member Trenam Law provides tips for a successful commercial loan closing.