Commercial / Developer Division
Allied Title has extensive experience doing deals with developers and commercial transactions which make up 50% of our business. Our extensive experience involves the following types of deals:
Condo Development in DC
Large Commercial Buildings throughout DMV
New Construction – Single Family and Multi-Family
Construction Loans
Hard Money Lenders
Benefits of Using a Title Company
Diligent analysis of the public records concerning the land
Possible clearance of any title issues, including liens and encumbrances
Insurance for the construction loan to protect the developer
Ensure the smooth delivery of funds from the construction loan
A legal team to guide you through the entire process
Why Choose Allied Title and Escrow?
We understand that builders, lenders, developers, their attorneys, and more will be facing real estate transactions for projects of all sizes. But choosing just any title company to handle the title work on these projects may not be wise. You need someone who has experience in these transactions and who understands every aspect involved.
Because commercial and developer transactions are a little more intricate than everyday residential real estate, you need a team that you can count on to make the process as smooth and efficient as possible.
At Allied Title and Escrow, we offer our commercial clients and developers many different services, including:
Title search and title clearance
Title insurance
Property tax research
Loan coordination (including construction loans)
1031 Exchanges
Escrow services
Closing services
Our highly-experienced real estate attorneys provide legal services to ensure that these large investments are handled properly and with confidence.
So, whether it is new residential development, retail or office space, restaurant or hospitality, or factory and industrial, we’ve got the team for you.
Just check out their level of experience.
Background / Experience of our team:
Experienced processor with over 20 years experience with developers and commercial deals
10 attorneys on staff to help with title questions, TOPA, Vacancy Exemptions, and many of the issues that arise on developer / commercial deals
Owners always available
Work with multiple underwriters
We will always come to you for convenience with signing closing docs
Best in class connections to condo docs, architects, contractors
With all that we have to offer, you can rest easy and know that you are in good hands when you work with the commercial/developer team at Allied Title and Escrow.
***For all questions regarding commercial or developer deals, please contact Melissa White by clicking HERE.
MEET OUR DEVELOPMENT TEAM
Latane Meade, CEO
Jenny Richards, Underwriting Counsel
Matt Paulson, President
Leah Richardella, Director of Client Experience
Melissa White, Processor
Frequently Asked Questions About Commercial Title Insurance
Do you need a title search for new construction?
Yes. Even if there is no building yet on the property, there is a good chance the land has changed ownership over the years. A title search will protect against any unnecessary risks.
Is title insurance necessary for commercial property?
While an owner’s title insurance policy is never mandatory, it is always highly recommended - even for commercial real estate. If a loan is being used to purchase the property, a lender’s title insurance may be required by the lender.
What can keep a title from being cleared to close?
Anything that shows up in the title search, such as a judgment, a tax lien, encroachment, encumbrance, a mechanic’s lien, and more can all cause issues with clearing the title so that you can close on your property.
How often do funds get disbursed with a construction loan?
Disbursements on construction loans happen when specifically stated phases of the construction processes are completed. Plans are submitted before the loan is approved and the milestones are set. Once you complete them, the funds will be received to move on to the next phase.
Why would investors use a hard money lender?
Hard money lenders provide investors with the chance to flip properties quickly. They are often short-term with high-interest rates. Some find that these lenders are just what they need to get a property transformed and back on the market quickly.
