Real Estate Broker · Member since 2025 · 196 posts · 79 votes
Investors often mention that speed makes or breaks a deal. I’ve seen everything from same-week closings to multi-week delays depending on lender type, documentation, and deal complexity.
Curious — what’s the fastest (or slowest) funding experience you’ve had, and what made the process smooth or stressful? Sharing these insights can help others prep better for their next deal.
Lender · NJ · Member since 2025 · 50 posts · 23 votes
9mo
The fastest loan I've closed was 10 days.
Everything just worked out well, got all the correct docs upfront, and then title and appraisal were delivered 7 days after the loan application, closed on day 10.
Investors often mention that speed makes or breaks a deal. I’ve seen everything from same-week closings to multi-week delays depending on lender type, documentation, and deal complexity.
Curious — what’s the fastest (or slowest) funding experience you’ve had, and what made the process smooth or stressful? Sharing these insights can help others prep better for their next deal.
I'm a direct HML, the fastest I've closed a deal was in 2 days, but we transferred the appraisal and the borrower had everything I needed quickly.
Investors often mention that speed makes or breaks a deal. I’ve seen everything from same-week closings to multi-week delays depending on lender type, documentation, and deal complexity.
Curious — what’s the fastest (or slowest) funding experience you’ve had, and what made the process smooth or stressful? Sharing these insights can help others prep better for their next deal.
Kelly, It is an interesting question you bring up. I've spoken to investors who speak of the need for 'speed of capital' being important. When I ask what they mean, I have never really gotten a good answer. When I probe and ask if they ever have to close sooner than 10-14 days after signing an AOS, I've never personally gotten an affirmative. Since I don't fund deposits or anything like that, I'm still not sure what may cause a need to rush to fund a deal.
Perhaps it's because I am a smaller lender and I take time to get to know an investor often when there isn't even a deal to be discussed. So while I can move fast, I think the most important thing is bringing funds to the table when you've committed to do so. I know Investors who have had lenders change terms, walk away, etc and perhaps in those rare instances, speed is important. It can also be a red flag for the back-up lender.
But to answer your question, I did fund a loan within about 18 hours. It was with a borrower I knew and a property I was in first position on and the loan was to fill a gap in renovations. Loan docs prepared, sent to title and funds wired, 18 hours. Clearly that is an aberration but it was done.
Lender · NJ · Member since 2025 · 50 posts · 23 votes
9mo
The fastest loan I've closed was 10 days.
Everything just worked out well, got all the correct docs upfront, and then title and appraisal were delivered 7 days after the loan application, closed on day 10.
Real Estate Investor · Memphis, TN · Member since 2016 · 404 posts · 131 votes
9mo
I recently experienced a contract to close 12th November and closed 29th November and funded December 1st. Kind of a wild deal started on it a year ago. The buyer wanted to close with cash but due to a few hiccups a couple on the sell side and one of the buyer's partners backing out he opted to go with a construction loan(I'm assuming) to get the deal closed. There is a lot to the story but ultimately is was contract to close in 19 days on an infil development deal.