Closing Costs in a Commercial Purchase
The closing process for commercial real estate transactions can be expensive, far more expensive than a residential real estate closing.
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Commercial Mortgages
Understanding the Commercial Real Estate Lender
Most commercial mortgage lenders usually have the same or similar documentation requirements. Unless these requirements can be satisfied, there will be no loan and obviously there will be no sale.
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How Commercial Property is Appraised
When you are purchasing a commercial property, obviously one of the most important steps is the appraisal. Unlike the residential property process, the appraisal done when the borrower has already submitted documentation to the lender.
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