Commercial Real Estate Investing For Dummies

Chapter 7

Closing Your Deal

In This Chapter

Understanding the basics of commercial closing

Minding the details before signing the paperwork

Knowing what to expect on closing day

Taking ownership of your property

This is the day you’ve been waiting for: The day when you finally get to close your deal! Whether this deal is your first or your tenth, every closing day is special. All those hours spent negotiating, late evenings spent crunching the numbers, long days spent walking through and assessing the property, sleepless nights spent waiting for loan approval, not to mention all that time spent dealing with your partners and handling investors — all of it is scheduled to come to an end on closing day. This day should be one of celebration and accomplishment. Ultimately, closing your deal is the beginning of a new investment in a great property, in your bright future, and in your hardworking team.

In this chapter, we tell you where getting to the closing table actually begins, we help you decide when to pull the trigger, and we help you identify when a deal is a real deal. We also ...