← Contracts workbench

McLean Travel Center

MDG-2026-ML001Executed

Buyer

Milepost Development Group LLC

Seller

McLean Property 40, LLC

Address

NEC I-40 & TX-273, Exit 143, McLean, TX 79057

Asset type

Travel Center

Governing law

Texas

Purchase price

$4,000,000

Effective date

Apr 17, 2026

As of May 13, 2026

Deal completion

Progress across six core closing obligations (same checklist as Data Room readiness). Read-only.

17% complete

1 of 6 complete

Blocked: 3 · Missing: 2

Stage: Early

Closing readiness

Read-only checklist for core closing gates. Derived from the obligations ledger and recorded operator actions.

Not ready

Next gate: Notice to proceed (blocked)

Blocked: 5 · Missing: 1

Packet readiness

Grouped checklist for Data Room–style packets. Read-only; derived from contract state.

  • Contract packetReady100% completeEvidence-backed completions: 0
  • Diligence packetBlocked0% completeEvidence-backed completions: 0 · Missing: Seller deliverables, Title commitment, Inspection period
  • Closing packetBlocked0% completeEvidence-backed completions: 0 · Missing: Notice to proceed, Second earnest money, Required entitlements, Article VII conditions

Data Room readiness

Read-only view of which closing checkpoints are supported by contract state and evidence. Does not change packets or Data Room artifacts.

Blocked
  • Construction start ready

    Awaiting inspection_period_start

  • Diligence active

    Awaiting buyer_deliverables_receipt_confirmation

  • Secondary funding ready

    Awaiting notice_to_proceed

Missing
  • Title work ready

    Not yet recorded on the contract — Data Room should assume this requirement is still open.

  • Seller package ready

    Not yet recorded on the contract — Data Room should assume this requirement is still open.

Ready
  • Escrow funded

    Recorded manually on the contract without a linked document id — Data Room packaging should confirm artifacts separately.

Data Vault → contract suggestions

Documents in the vault can suggest a contract action. Nothing is recorded until you click “Record with this document.”

Title commitment received — from 1 document
Title Commitment

This document may support: Title commitment received

Matched: exact:title commitment · field:title token · boost:title+fileName (confidence: high; score: 8)

Execution status

Escrow / funding: 4/4 complete

Diligence chain

  • Seller deliverables: open
  • Buyer confirmation: open
  • Inspection: open
  • NTP: open

Closing gates

  • Title commitment: open
  • Entitlements: open
  • Article VII: open

Evidence-backed completions (recent): 0

Work on next

Article VII closing conditions

criticalblocked

Closing conditions enumerated in Article VII must be satisfied or waived prior to closing.

Operator actions

Record real operator actions against this deal. Each entry persists and feeds the Contracts pipeline; the page and the workbench recompute on the next render.

Escrow setup & initial funding

Complete steps 1–3 before initial earnest money (step 4). This batch matches the operator queue deep links for this deal.

  • 1. Escrow agent — completeNo evidence attached
  • 2. Wire instructions — completeNo evidence attached
  • 3. Escrow acknowledgment — completeNo evidence attached
  • 4. Initial earnest money — completeNo evidence attached

All four steps complete.

Step 1 — Escrow agent

Clears the “Designate escrow agent” blocker for the initial earnest money payment.

Recorded Apr 28, 2026 · Fidelity National Title - Baker Firm Dallas
Step 2 — Wire instructions
Mark wire instructions received

Record that verified escrow wire instructions have been received.

Recorded Apr 28, 2026
Step 3 — Escrow acknowledgment
Mark escrow acknowledgment received

Escrow agent has confirmed receipt and acceptance of the executed PSA.

Recorded Apr 28, 2026
Step 4 — Initial earnest money

Initial earnest money has been recorded as funded.

Evidence optional · 5 documents available

Optional. Records this document as evidence; it will not complete anything by itself.

Most relevant documents are listed first. Selection is still manual.

Recorded Apr 28, 2026 · $25,000

No evidence attached yet. Attach evidence later

Seller deliverables

Record only when Seller Deliverables were actually received or verified complete per the PSA.

Current status

Pending — not yet recorded as received.

Evidence optional · 5 documents available

Optional. Records this document as evidence; it will not complete anything by itself.

Most relevant documents are listed first. Selection is still manual.

Title commitment

Record only when the title commitment has actually been received from the title company (or equivalent), not inferred from other milestones.

Current status

Pending — title commitment receipt not yet recorded.

Evidence optional · 5 documents available

Optional. Records this document as evidence; it will not complete anything by itself.

Most relevant documents are listed first. Selection is still manual.

Buyer confirmation of seller deliverables

Records Buyer confirmation that Seller Deliverables were received complete enough to start the inspection period.

Current status

Seller deliverables must be marked received before Buyer confirmation can be recorded.

Evidence optional · 5 documents available

Optional. Records this document as evidence; it will not complete anything by itself.

Most relevant documents are listed first. Selection is still manual.

Inspection period

Records the official start of the inspection period based on Buyer confirmation of complete Seller Deliverables.

Current status

Buyer confirmation of complete Seller Deliverables must be recorded before the inspection period can start.

Evidence optional · 5 documents available

Optional. Records this document as evidence; it will not complete anything by itself.

Most relevant documents are listed first. Selection is still manual.

Notice to Proceed (NTP)

Records Buyer's Notice to Proceed after the inspection period has commenced. This unlocks second earnest money per the PSA.

Current status

Inspection period start must be recorded before Notice to Proceed can be recorded.

Evidence optional · 5 documents available

Optional. Records this document as evidence; it will not complete anything by itself.

Most relevant documents are listed first. Selection is still manual.

Second earnest money

Records Buyer's second earnest money deposit as funded after Notice to Proceed. Amount defaults to the PSA second EM figure unless you enter a different funded amount (note required when the amount differs).

Current status

Notice to Proceed must be recorded before second earnest money can be marked funded.

Leave at PSA amount or clear to use PSA default on submit. If you change the amount, add an audit note (min. 10 characters).

Evidence optional · 5 documents available

Optional. Records this document as evidence; it will not complete anything by itself.

Most relevant documents are listed first. Selection is still manual.

Required entitlements

Records a formal resolution of Seller-required entitlements under the PSA.

Current status

Not yet recorded. Add a note (at least 20 characters) and submit satisfied or waived.

Evidence optional · 5 documents available

Optional. Records this document as evidence; it will not complete anything by itself.

Evidence optional · 5 documents available

Optional. Records this document as evidence; it will not complete anything by itself.

Most relevant documents are listed first. Selection is still manual.

Closing conditions (Article VII)

Records a formal resolution of Article VII closing conditions.

Current status

Not yet recorded. Add a note (at least 20 characters) and submit satisfied or waived.

Evidence optional · 5 documents available

Optional. Records this document as evidence; it will not complete anything by itself.

Evidence optional · 5 documents available

Optional. Records this document as evidence; it will not complete anything by itself.

Most relevant documents are listed first. Selection is still manual.

Documents & Suggested actions

Upload or attach a document and the system will propose the matching operator event. Manual actions remain available above as a fallback or override.

Attach / upload

Documents only propose events. You confirm before anything is recorded.

Ingested documents

No documents ingested yet.

Suggested actions

No outstanding suggestions. Suggestions appear here when an ingested document maps to an event that has not yet been recorded.

Recently completed

Initial earnest money deposit

Impact: Escrow funding complete

Completed Apr 28, 2026funding

$25,000

Apr 28, 2026

Escrow agent acknowledgment of PSA

Completed Apr 28, 2026escrow setup

Apr 28, 2026

Receive escrow wire instructions

Completed Apr 28, 2026escrow setup

Apr 28, 2026

Designate escrow agent

Completed Apr 28, 2026escrow setup

Apr 28, 2026

Security activity

No recent security activity for this deal.

Earnest money

Total earnest money: $100,000

Initial deposit

$25,000

Due Apr 22, 2026

Satisfied

Second deposit

$75,000

Triggered by: Notice to Proceed (NTP)

blocked

Waiting on: Notice to Proceed (NTP)

Refundability follows the executed PSA — initial EM refundable during inspection; non-refundable upon Notice to Proceed unless seller default.

Status

Inspection

Not started

Starts on Buyer confirmation of complete Seller Deliverables. Period: 60 calendar days.

Seller deliverables

Past due

Due 5 business days after Effective Date. Due Apr 24, 2026 (Past due (19 days ago)).

Title commitment

Past due

Due 20 calendar days after Effective Date. Due May 7, 2026 (Past due (6 days ago)).

Closing

Unscheduled · entitlement-driven

Closing rule: 30 days after Seller delivers Required Entitlements and Article VII conditions are satisfied or waived. Outside closing date placeholder missing in executed PSA — escalate to legal.

Timeline / key dates

  • Apr 17, 2026
    Effective date
  • Apr 22, 2026
    Initial earnest money deposit
  • Apr 24, 2026
    Seller deliverables package
  • —
    Inspection start trigger
    Buyer confirmation of complete Seller Deliverables
  • May 7, 2026
    Title commitment
  • —
    Notice to Proceed (NTP)
    Buyer election after inspection — triggers second EM and entitlement period
  • —
    Closing rule
    30 days after Seller delivers Required Entitlements; outside closing date not available

System observations

  • Outside closing date placeholder is missing/blank in the executed PSA — surfaced as a blocked closing item; escalate to legal.

Obligations ledger

14 total · 8 blocked · 0 due soon · 2 past due · 0 undated open · 4 satisfied

ObligationCategoryPartyDueAmountStatusSource
Seller deliverables package
deliverablesellerApr 24, 2026 (Past due (19 days ago))—Past duePSA §4.1
Title commitment
title surveysellerMay 7, 2026 (Past due (6 days ago))—Past duePSA §6.1
Article VII closing conditions
Article VII conditions not yet satisfied or waived.
closing itembuyer——BlockedPSA Art. VII
Buyer confirmation of complete Seller Deliverables
Awaiting seller_deliverables
consentbuyer——BlockedPSA §4.2 / §5.1
Closing
Awaiting notice_to_proceed, required_entitlements, article_vii_conditions
closing itembuyer——BlockedPSA Art. VIII
Inspection period commencement
Awaiting buyer_deliverables_receipt_confirmation
deliverablebuyer——BlockedPSA §5.1
Notice to Proceed (NTP)
Awaiting inspection_period_start
approval noticebuyer——BlockedPSA §5.4
Outside closing date
Outside closing date placeholder is missing in the executed PSA.
closing itembuyer——BlockedPSA §8.x (admin gap)
Required entitlements (Seller)
Entitlement work not yet started.
approval noticeseller——BlockedPSA Art. VII
Second earnest money deposit
Awaiting notice_to_proceed
earnest moneybuyer—$75,000BlockedPSA §3.2
Initial earnest money deposit
earnest moneybuyerApr 22, 2026 (Past due (21 days ago))$25,000SatisfiedPSA §3.1
Escrow agent acknowledgment of PSA
consentbuyer——SatisfiedOperational
Receive escrow wire instructions
consentbuyer——SatisfiedOperational
Designate escrow agent
consentbuyer——SatisfiedPSA §3 (admin gap)