Request A Proof of Funds Letter
Need a proof of funds letter for a real estate investment or purchase?
Asset Based Lending is happy to offer proof of funds letters for interested real estate investors. ABL issues proof of funds letters for current borrowers, as well as other investors that are serious about closing on a property and using ABL to help fund the deal. We understand that our borrowers need to move quickly in order to close the deal, and our processing team is happy to issue these documents in the same day as the request is made.
What is a proof of funds letter?
The proof of funds (POF) letter is often used by borrowers looking to purchase a property to rehab and flip. In order for the investor to put a bid in on the house, they must prove to the seller that they have enough cash available to close the deal. Where conventional lenders may issue a pre-approval lender, hard money lenders like Asset Based Lending issue these proof of funds. Essentially, the proof of funds letter for real estate purchase is a statement signed by one of Asset Based Lending’s Partners that informs the seller of the buyer’s ability to fund the purchase.
How to request and get a proof of funds letter:
To request a proof of funds, please fill out the form on this page or email a request to POF@abl1.net. In order for our team to process the request, we need the following information:
– The complete property address
– Purchasing entity name
– Purchase price (or amount you’d like stated on the proof of funds)
Once you have made the request, a member of our loan processing team will provide you with a secure method to pay the deposit. Our team is typically able to complete your proof of funds request within a few hours of receipt.