Transaction & Market Commentary

Coordinate the Work Behind a Closing Target

By Don McClain

A preferred closing date needs a workable sequence. Identify the next financing, property and ownership decisions, the information needed, who supplies it and who has authority to decide. Connect the handoffs with the relevant professionals, and identify work that can proceed together. Give the owner a concise decision list, separating delegated requests from choices about obligations, structure and operational control. Build the target date from realistic estimates, allowing time for review and questions. Label dates as requested, estimated or confirmed. End each review with the next action, its owner and the answer needed. General education, not individualized legal, tax or financial advice. Explore the forthcoming FUNDED by Don McClain.