5 Key Steps to Purchasing a Commercial Building Using SBA Financing

Purchasing an office or industrial building is a major step for a growing business. While every transaction is unique, most follow a similar process. Working with an experienced real estate professional is key for guidance through the complex process and to a successful close of escrow.

1. Pre-Escrow
Secure financing and negotiate the purchase contract.

2. Open Escrow
Execute the contract and submit a refundable earnest money deposit.

3. Due Diligence (30–45 Days)
Complete inspections, review property documents, order the appraisal, environmental reports, and title insurance, and obtain final bank approval. Renegotiations may occur if issues arise.

4. Final Period (15–30 Days)
Earnest money becomes non-refundable, closing documents are prepared, and final coordination with the bank and contractors takes place.

5. Close of Escrow
Escrow closes, keys are delivered, and you move in.