Q: How long does it normally take to complete a loan?

A: It normally takes 20 to 40 days to receive a loan commitment from the time the Lender’s Application Letter, Letter of Interest or Conditional Commitment Letter is signed by the borrower and good faith and deposit monies for third party reports are sent to the lender. The typical closing period start to finish is normally 40 to 60 days. Timing can vary from transaction to transaction and the previous mentioned timing may not apply to all transactions. While Marabella Commercial Finance does not guarantee timing expressed or implied in anyway due to timing variables out of our control, we strive to complete each and every loan within our clients specific needs.