Close Deals Faster with a Proof of Funds Letter
Show sellers and agents you're a serious buyer. Get your POF letter issued within 24 hours.
WHAT IS A PROOF OF FUNDS LETTER?
A Proof of Funds (POF) letter is a formal document issued by a lender confirming that financing is
available for a specific real estate investment transaction. It demonstrates to sellers, listing agents, and
title companies that the buyer has the financial backing needed to close the deal — giving your offer
immediate credibility in a competitive market.
A POF letter is not the same as a mortgage pre-approval. Pre-approvals are typically issued by
conventional lenders for owner-occupied, consumer-purpose transactions. A Proof of Funds letter from
OpenLane Funding is designed specifically for investment property transactions where the borrower is
using private or hard money financing to acquire, rehab, or stabilize an asset.
OpenLane Funding issues POF letters exclusively for business-purpose investment loans. We do not
provide consumer lending or financing for owner-occupied residential properties. Our letters confirm
that we are prepared to move forward with financing based on the preliminary deal details you provide
— subject to our standard underwriting and due diligence process.
WHO NEEDS A PROOF OF FUNDS LETTER?
• Real estate investors making offers on investment properties. Whether you're acquiring your first
rental or adding to a growing portfolio, a POF letter shows the seller you have a funding partner ready to close.
• Fix & flip investors who need to prove financing to get offers accepted. Sellers and listing agents
on distressed or off-market properties want to know the buyer can perform. A POF letter from a
private lender carries weight in these negotiations.
• Rental property investors (DSCR borrowers) competing against cash buyers. In competitive
markets, a strong POF letter can make a financed offer look nearly as strong as cash — especially
when paired with a fast closing timeline.
• Developers submitting offers on land or construction projects. Ground-up and heavy rehab
projects often require proof that the buyer has construction financing lined up before a seller will
accept the contract.
• Wholesalers who need to demonstrate the ability to close. Some sellers and title companies
require proof of funds from the end buyer or the wholesaler's assigned buyer before allowing the
transaction to proceed.
1. Fix & Flip
Short-term rehab loans for investors purchasing and renovating
distressed properties. Up to 90% of purchase price / 100% of rehab
costs. Close in as few as 7–14 days.
2. DSCR / Rental
Long-term rental financing based on the property's cash flow, not
personal income. Up to 80% LTV with 30-year terms available. Ideal
for buy-and-hold investors.
3. Construction / Ground-Up
New build financing for residential and small commercial projects. Up
to 85% of total project costs with a structured draw schedule to keep
your build on track.
4. Multifamily (5+Units)
Acquisition and refinance financing for apartment buildings and
multifamily complexes. Loan amounts from $500K to $10M.
5. Commercial / Mixed-Use
Financing for retail, office, industrial, and mixed-use investment
properties. Loan amounts from $250K to $10M.
HOW IT WORKS
Step 1: Submit Your Deal Details
Complete the request form below with your property information, loan amount, and target closing date.
The more detail you provide, the faster we can prepare your letter.
Step 2: Payment
$10.99 flat fee per Proof of Funds letter. Payment is processed securely through Stripe. Your fee covers
the preparation and issuance of the letter and is non-refundable.
Step 3: Receive Your Letter
We review your submission and issue your customized Proof of Funds letter within 24 hours (business
days). The letter will be emailed directly to you as a PDF, ready to send to sellers, agents, or title
companies.
Ready to Get Your Proof of Funds Letter?
Complete the form below to get started. You'll receive your customized letter within 24 hours of
payment.
FREQUENTLY ASKED QUESTIONS
Q: What is a Proof of Funds letter?
A Proof of Funds letter is a formal document from a lender confirming that financing is available for a
specific real estate investment transaction. It shows sellers, listing agents, and title companies that
you have the financial backing to close the deal.
Q: How quickly will I receive my POF letter?
Most letters are issued within 24 hours of receiving your completed form and payment (business
days). If additional information is needed, our team will reach out to you promptly.
Q: Is this a commitment to lend?
No. A Proof of Funds letter is not a loan commitment, pre-approval, or guarantee of financing. All
financing is subject to satisfactory completion of underwriting, property evaluation, appraisal, title
review, and other standard due diligence. The letter indicates our interest and capacity to finance the
transaction based on preliminary information.
Q: What information do I need to provide?
You will need to provide your full legal name, contact information, the property address (or city/state
if the address is not yet finalized), property type, estimated purchase price, desired loan amount, and
your target closing date.
Q: Can I use this letter for multiple properties?
Each Proof of Funds letter is prepared for a specific property transaction. If you need letters for
multiple properties, please submit a separate request for each one. Volume investors can contact us
directly for multi-property arrangements.
Q: What types of properties do you cover?
We issue POF letters for Fix & Flip, DSCR / Rental, Construction / Ground-Up, Multifamily (5+ units),
and Commercial / Mixed-Use investment properties.
Q: Is this for consumer or owner-occupied properties?
No. OpenLane Funding issues Proof of Funds letters exclusively for business-purpose investment
transactions. We do not provide consumer lending or owner-occupied financing of any kind.
Q: What states do you operate in?
OpenLane Funding operates in states where private investment lending does not require additional
state licensing. Coverage varies. Please contact us to confirm availability in your specific state.
Q: What does the POF letter include?
The letter is printed on OpenLane Funding letterhead and includes the borrower name, entity name (if
applicable), property address, estimated loan amount, property type, and a statement confirming our
capacity and interest in financing the transaction. It is signed by an authorized representative.
Q: Can I get a refund if my deal falls through?
The POF letter fee covers the preparation and issuance of the document and is non-refundable,
regardless of whether the underlying transaction closes. The fee is for the letter itself, not for the
loan.