• Ralph Russell

How long does it take to get my commerical real estate loan approved and funded?

Assuming your have your financial package in good order and follow up on future email requests from the lenders underwriting department, a typical turnaround time should be 10-14 days for a decision and issuance of a term sheet, and once agreed to, 3 to 4 weeks longer for underwriting, appraisal and title work to be completed.

For bridge loans, an average 3 to 4 weeks is the rule.

For SBA loans, 45-60 days.

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