Can you promise an Arizona commercial loan will close in a set number of days?

No. No source used for this note states a statewide range, so none is printed. The date moves with the slowest report, the committee, and title.

Should the Phase I, the PCA, and the survey be ordered before a term sheet?

Usually no. Those reports cost money and go stale. Order them when a lender has said it will look at the property. The Phase I note explains the shelf-life rules the EPA actually published.

Does an Arizona title company replace the lender's lawyer?

No. Title and escrow prepare instruments and insure title. Loan documents and zoning conclusions are counsel's work. This note does not tell you a use is legal.

Is a HUD closing on the same calendar as a bank refinance?

No. Construction and substantial rehabilitation under 221(d)(4) carry a different process than a bank loan on a leased building. The HUD comparison page says which program is which. This firm is not a MAP lender.

What has to finish before an Arizona commercial loan closes

Reviewed by Craig Hoebing, Capital Market Funds, LLC - CBK-2007014 - Commercial Mortgage Banker · Updated October 2026

Sponsors ask how long a commercial loan takes in Arizona because a purchase agreement has an outside date or a maturity is close. The honest sequence is ordinary, and the duration is not. Someone issues a term sheet. The borrower applies and posts whatever deposit that lender requires. Third parties inspect the property and write reports. A credit committee approves, changes, or declines the loan. A commitment or a loan agreement is drafted. Title and escrow prepare the closing. None of those stages has a statewide number of days that this note will print, because no Arizona source opened for this page stated one.

The documents that usually sit on the critical path are a Phase I environmental site assessment, an appraisal, a property condition assessment, an ALTA survey, a zoning report, and tenant estoppels. Each one can be ordered early. Each one can come back with a finding that restarts underwriting. The checklist of what to gather is commercial loan documents. How to read a term sheet before you spend money on reports is term sheets. The appraisal note is commercial appraisals. Estoppels and SNDAs are estoppels.

Reports that should not be re-explained here

What the Environmental Protection Agency requires for all appropriate inquiries, including the one-year and 180-day clocks, is Phase I environmental site assessments. What a walk-through report calls an immediate repair versus a long-term replacement table is property condition assessments. What the 2026 ALTA/NSPS land title survey standards cover, and why a zoning report is a separate document, is ALTA surveys and zoning reports. This timeline links those notes. It does not copy them.

Arizona practice is that a title company and an escrow officer handle the closing documents, the deed, and the lender's policy. Which endorsements a survey must support is a title question for that file, not a timeline this page can standardize. If a survey matter or a zoning nonconformity appears, counsel and the title officer say whether it is curable before the lender will fund. That is legal work. This note is not legal advice.

Programs with their own clocks

A bank refinance of a leased building and a HUD new-construction application do not share a calendar. HUD 221(d)(4) and 223(f) are compared on HUD 221(d)(4) versus 223(f). Capital Market Funds is not a HUD MAP lender. Agency apartment loans have their own third-party lists and are arranged with approved lenders. Capital Market Funds is not a Fannie Mae DUS lender. A bridge loan can close on a shorter list and a different set of reserves. It is still not a same-day product, and this page will not call it one.

Order the reports when the term sheet is real enough to justify the cost, and not before you know the lender will accept the property type. A deposit is the lender's requirement, not a fee schedule published here. The office is 7373 E Doubletree Ranch Rd #255, Scottsdale, AZ 85258. The phone is (480) 495-8072. Capital Market Funds, LLC - CBK-2007014 - Commercial Mortgage Banker and NMLS 1445066. Sending a purchase contract to this office does not start escrow and does not commit a lender.

Sources

ALTA, land survey standards topic page, 2026 ALTA/NSPS standards effective February 23, 2026

Questions

Can you promise an Arizona commercial loan will close in a set number of days?: No. No source used for this note states a statewide range, so none is printed. The date moves with the slowest report, the committee, and title.
Should the Phase I, the PCA, and the survey be ordered before a term sheet?: Usually no. Those reports cost money and go stale. Order them when a lender has said it will look at the property. The Phase I note explains the shelf-life rules the EPA actually published.
Does an Arizona title company replace the lender's lawyer?: No. Title and escrow prepare instruments and insure title. Loan documents and zoning conclusions are counsel's work. This note does not tell you a use is legal.
Is a HUD closing on the same calendar as a bank refinance?: No. Construction and substantial rehabilitation under 221(d)(4) carry a different process than a bank loan on a leased building. The HUD comparison page says which program is which. This firm is not a MAP lender.