New Era Escrow

Multi-Unit Escrow

Multi-Unit Escrow Services

Multi-unit and multi-family properties are gaining popularity among real estate investors. Unlike single-family homes or condos that risk complete vacancy when a tenant leaves, multi- family properties practically ensure some form of income. Investors with limited funds or leverage might find it easier to acquire smaller multi-unit properties. They might even live in one unit while renting out the others to offset the loan payment.

Multi-Family Escrow Transactions

Choosing the right escrow company is crucial for a successful real estate transaction. Multi-unit escrow processes differ significantly from regular residential purchases. That’s why it’s essential to have an escrow officer that’s well-versed in this specialized area. At New Era Escrow, our team boasts decades of experience in handling multi- unit transactions, ensuring smooth operations and timely closings.

New Era Escrow handles all aspects of your commercial real estate transaction from start to finish.

We will:

  • Offer escrow management services.
  • Provide a proactive approach to avoid delays and issues during the escrow process.
  • Maintain the accountability and security of documents and funds.
  • Coordinate and respond to all communications.
  • Execute escrow instructions.
  • Comply with local, state, and federal regulations.
  • Keep all parties informed of the escrow progress.
  • Inform the title company to record documents when needed.
  • Order reports, disclosures, and documents as needed.
  • Disperse funds and documents to close escrow as authorized.

Multi-unit and multi-family properties present unique challenges in escrow closing.

Trust New Era Escrow’s expertise for diligent and detail- oriented management of your transaction.