Commercial Real Estate Closings
A commercial real estate closing refers to the final stage of a transaction involving the sale or purchase of a commercial property. It typically involves the transfer of legal ownership and the completion of all necessary paperwork and financial transactions. The closing process often entails the involvement of various parties such as buyers, sellers, lenders, title companies, and attorneys. During this process, the necessary documents, such as deeds, contracts, and loan agreements, are reviewed, signed, and recorded. Additionally, the exchange of funds and the transfer of any necessary licenses or permits may also occur.