What is proof of funds in commercial real estate?
Creative Financing When an ad realty Investor is looking to buy income-producing property utilizing any number of creative financing methods, one in all the foremost important keys to their success is that their ability to supply adequate, verifiable proof of funds - P.O.F.- to both the vendor and therefore the lender.
Proof of Funds There are some ways acceptable to lenders and sellers to indicate P.O.F. to shut your Commercial land transaction: Bank Statements or Bank Verification Brokerage Account Statements or Verification Escrow Account Verification
Companies Finally, there are companies whose sole purpose is to produce evidence of the financial ability of economic reality Investors to finish their transactions. Many of them provide "Proof of Funds" and Transactional Financing. P.O.F. is important at the start of the deal and Transactional Financing is for the day of closing only.