Services LinKs

Loan Closing

The Alison Company Closing Department was established in order to provide assistance and service to asset managers, owners, lenders and borrowers represented by The Alison Company.  Closing department personnel are available to process and monitor all aspects of the complex closing activities and provide clients with a complete documentation package for closing.  The closing department is a necessary function in order to be efficient and competitive in the real estate services business.

The Closing Department coordinates with respective clients for the completion of all requirements of the transaction.  Closing requirements are reviewed with the asset manager, owner, and client upon execution of the commitment and the responsible party for completing each requirement is determined. These requirements normally include:

  • Title Insurance
  • Survey
  • Evidence of Leasing Income (Lease Reviews, Estoppels, Subordinations, Certified Rent Roll)
  • Engineering, Seismic, or Architect's Reports
  • Environmental Reports
  • Appraisals
  • Flood Zone Assessments
  • Certificate of Occupancy/Finalized Building Permits
  • Management Agreements
  • Borrowing Entity Formation Documents
  • Loan Documents
  • Coordinate Escrow Closing
  • Demands for Payoff
  • Payment of all Standby Fees, Loan Fees, Closing Fees and any Lender Fees
  • Zoning Verification

Closing Department personnel are available to provide assistance to loan production staff regarding each lender's specific requirements and estimates of costs for completion of such requirements.