Frequently Asked Questions
What is commercial real estate?
Commercial real estate is any type of real estate that is used in a business context. Examples include office buildings, apartment complexes, industrial property, and agricultural property.
Do I need a lawyer to close a commercial real estate transaction?
Often, yes. Most banks require clients to get independent legal advice before signing loan documentation. A lawyer can also help review, prepare any legal documents for the transaction, and advise the clients on any issues that
may cause delays or problems with the transactions.
How long does it take to close a commercial real estate transaction?
No commercial real estate transactions are alike, and the transaction time can vary greatly depending on the specific transaction and how complex it is. However, a typical commercial real estate transaction takes around 90 days
to close, including due diligence, financing, and other conditions.