This Practice Note provides an outline of the steps and procedures involved in closing a commercial real estate loan. While this Note gives practical guidance for closing a typical first-priority term loan secured by a single parcel of real estate, the information is very useful for other types of commercial real estate loans. Many of the steps and procedures outlined in this Note are fundamental closing procedures that are often applicable to many other types of commercial real estate loans, including corporate loans secured by multiple parcels of real estate in several different provinces.