Stay organized and compliant during the commercial real estate acquisition closing process. Tammy Sutton, Quatro Capital's Managing Partner, shares expert tips on lender communication, financial documentation, and more. Learn how to keep costs low and accuracy high. Tune in to the Real Estate Runway Podcast now.

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[00:01 - 07:48] Closing a Multi-Family Acquisition

• Closing a commercial real estate property involves complex tasks beyond signing documents

• The process transitions a deal into an asset

• Best practices include remaining focused on current ownership and breaking the closing process into three phases

[07:49 - 15:16] Streamlining the Lender Closing Process

• Prepare financial documents and real estate schedules in advance

• Present documents in a clear and organized manner for lenders

• Use a file structure that follows the lender's due diligence list

• Avoid sending multiple documents in a single email and regularly update obsolete documents

[15:17 - 30:37] The Importance of Staying Organized for a Successful Closing Process

• Stay organized and up-to-date on reports

• Initiate title search and insurance early

• Obtain W9s from investors when signing syndication documents

Quotes:

“Never take your eyes off of the current ownership process. You always have to make sure that they are operating the property as if they were going to keep it. “ - Tammy Sutton

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Real Estate Runway Podcast is all about alternative business and investment strategies to help you amplify life, and maximize wealth! Click here to find out more about the host, Chad Sutton.