Commercial Loan Turnaround Times

[Irfan Raza]

BP,

I am curious to see what people are seeing related to turnaround times on commercial cash-out refinances for residential single-family or small multi-family.  I have seen as little as one month, but now am seeing significant delays and have heard of loans taking as long as 6 months to close! Any suggestions on getting loans to the closing table faster? I already provide a full package to the lender, which rarely requires additional information requests.  I also, ensure that the appraiser is in the property as soon as possible.