October 7, 2026
A term sheet is an important milestone, but approval and closing may still depend on due diligence, title, insurance, appraisals, legal documents and final financial information.
Clarify responsibilities and expected timing early. Track outstanding items in one place, and flag changes to the transaction or financial performance promptly so lender questions do not linger.
Alliance coordinates the open items and lender conversations through closing. Some timing remains outside any advisor’s control, so a realistic plan and regular communication matter.