Stocks, bonds, or mutual funds (often valued at a haircut, e.g., 70-80%).
💡 Always keep a fresh, dated POF on hand. In a competitive market, being able to attach this to your Letter of Intent (LOI) can be the difference between winning or losing a property. PROOF OF FUNDS APARTMENT LOANS
In commercial real estate, a is a document that verifies a borrower has enough liquid capital to cover the costs of an apartment loan. It assures lenders and sellers that you are a serious buyer with the "skin in the game" required to close the deal. 🏦 Purpose of a POF Credibility: Shows sellers you have the down payment ready. Stocks, bonds, or mutual funds (often valued at a haircut, e