What is a proof of funds letter?
The proof of funds (POF) letter is used by borrowers looking to purchase a rehab or fix & flip property. In order for the investor to put a bid on the house, they must prove that they have enough cash available to close the deal. Where conventional lenders issue a pre-approval letter, hard money lenders like Brick Moon Capital issue proof of funds. Essentially, the letter is a statement signed by one of Brick Moon Capital’s partners that informs of the buyer’s ability to fund the purchase.
Need a proof of funds letter for a real estate investment or purchase?
Brick Moon Capital is happy to offer proof of funds letters to interested real estate investors. Current borrowers and other interested investors are free to request proof of funds letters if they’re committed to using ABL as a partner to fund their deal.
We understand that borrowers need to move quickly, and our processing team is here to support in the same day the request is made.
