Proof of funds letter for wholesaling
To edit the letter go to link –> file –> download –> choose the download format of your choice.
Explanation of the fields to be filled in this letter
- [Your Name]: Enter your full name to identify yourself as the author of the letter.
- [Your Position]: Specify your position within your company, such as “Owner,” “CEO,” or “Financial Officer.”
- [Your Company Name]: Provide the name of your company to establish the source of the funds.
- [Date]: Write the date on which the letter is being issued.
- [Recipient’s Name]: Fill in the name of the person or the representative you are addressing, such as the seller, agent, or broker.
- [Recipient’s Position]: Mention the position of the recipient if applicable, such as “Real Estate Agent” or “Property Manager.”
- [Recipient’s Company Name]: Include the name of the recipient’s company, especially if they are part of a real estate or financial firm.
- [Recipient’s Address]: Enter the complete address of the recipient or their company.
- [Property Address]: Specify the address of the property for which you are providing proof of funds, as it clarifies the purpose of the funds.
- [Amount of Funds Available]: Clearly state the total amount of funds available that will be used for the transaction. This amount should be accurate and reflect what is currently accessible.
- [Name of Financial Institution]: Provide the name of the bank or financial institution where the funds are held, to validate the credibility of the funds.
- Contact Information: Offer your direct contact information, including phone number and email address, so that the recipient can reach you for any follow-up questions or additional verification.
- [Your Signature (if submitting a hard copy)]: Add your signature if the letter is being submitted in print form.
- [Your Printed Name]: Write your full printed name below the signature line to conclude the letter formally.
Personalize the letter:
- Clearly indicate that the purpose of this letter is to verify the availability of funds specifically for the wholesaling transaction.
- Emphasize that the letter is not a commitment to lend or finance but merely serves as evidence of available funds.
Example of a correctly completed letter
Proof of funds letter for wholesaling
John Smith
Owner
ABC Wholesaling LLC
September 15, 2024
Jane Doe
Real Estate Agent
XYZ Realty
1234 Elm Street
Anytown, USA 56789
Dear Jane Doe,
I am writing to confirm that ABC Wholesaling LLC has sufficient funds available to proceed with the purchase of the property located at 789 Maple Avenue, as discussed in our recent communications. This letter serves as verification of funds on behalf of ABC Wholesaling LLC for the purpose of wholesaling the aforementioned property.
As of the date of this letter, ABC Wholesaling LLC has available funds totaling $250,000 in our account held with First National Bank. These funds are liquid and readily accessible for use in the acquisition of real estate transactions, including the purchase of the property located at 789 Maple Avenue.
Please note that this confirmation is provided at the request of ABC Wholesaling LLC solely for informational purposes and should not be construed as a guarantee of financing or a commitment to lend. The funds referenced in this letter are available to complete the transaction as outlined, pending satisfactory completion of all necessary documentation and due diligence procedures.
If you require any additional information or further verification, please do not hesitate to contact me directly at (555) 987-6543 or john.smith@abcwholesaling.com. We appreciate your prompt attention to this matter and look forward to moving forward with the transaction.
Thank you for your cooperation.
Sincerely,
John Smith
Owner
ABC Wholesaling LLC