The Loan Process

Beech Commercial Capital, LLC

Speed, Simplicity, Service TM

Funding Process

Please find below a time line of what you should expect when buying or refinancing a commercial property. As with any loan process the estimated dates could be varied slightly based on unforeseen circumstances. These timeframes are "realistic." Anyone who promises a quicker process is just trying to get your business. Beech Commercial Capital promises to work with you to deliver the best product for your situation. Also, please keep in mind that the 60 day commercial loan process begins once the necessary documents are received. We also can prepare an estimate of closing costs for you. In many cases, we will beat these time frames. However, we always advise our clients to "plan" for this timeline if possible. We would rather have you surprised (and happy) rather than upset (and scrambling) when your deal closes!

Commercial Loan Timeline

Initial Contact and Conversation	Day 0
Collection of Necessary Documents	Day 1-Day 3
Submission of Loan to Lenders	Week 1
Receive Letter of Intent (LOI/Term Sheet) from Lender	Week 2 -Week 3
Collect Check for Deposit with signed LOI from customer	Week 3
Lender orders Appraisal	Week 4
Sign necessary loan processing documents	Week 4
Appraiser to visit subject property	Week 5- Week 6
Appraisal Report returned to Lender	Week 6- Week 8
Final Underwriting and document preparation	Week 7- Week 8
Legal work ordered and completed	Week 7- Week 8
Order property insurance and collect insurance binder	Week 7- Week 8
Final Commitment letter from Lender	Week 8
Closing	Week 8*
*Closings can occur a lot faster in many cases. Private money deals often close in less than two weeks. Many of our deals close in 30-45 days. However, we believe in providing a realistic timeline for our customers. We would rather surprise you with a quick closing!

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