Not every deal moves fast. Some take months of back-and-forth before they finally close — and that doesn't mean anything went wrong.
One recent transaction involved a bank-required environmental review that needed its own scope of work, approval from an internal risk team, and a full report before financing could move forward.
Along the way: a revised environmental report requested by the bank's team, follow-up calls to confirm findings, and coordination between the buyer's bank, the environmental consultant, and the title company — all before a closing date could even be set.
Months after it started, the deal finally reached a scheduled closing date.
Institutional financing runs on its own schedule. Bank risk and environmental review teams don't move at the pace of the deal — they move at the pace of their own internal process.
Revisions happen. A report that doesn't fully satisfy the bank's requirements the first time means another round of review before anyone can move forward.
Coordination takes real effort. Multiple parties — lender, consultant, title company, both sides of the deal — all need to stay aligned, and someone has to keep pushing it forward.
A slow deal isn't a dead deal. Months of back-and-forth can still end in a signed closing date.
Stay engaged, not passive. Deals that drag often need someone actively following up — not just waiting for the next update to arrive.
Set expectations early. If your deal involves bank financing and environmental review, build in real time for it from the start.
If your deal has been dragging for months, what's the one thing still holding it up?
Working through a deal that's taking longer than expected? I can help you figure out what's actually holding things up and how to keep it moving.
Michael Reyes
Anchor Point Commercial Group | eXp Commercial
915-348-3100
MReyes@AnchorPointCommercial.com