Proves you have extra cash to handle initial repairs or vacancies. 📄 What Qualifies as Proof?

A formal letter showing an available, undrawn line of credit.

Lenders typically look for , meaning assets that can be converted to cash quickly.

Signed by a representative on official bank letterhead. ⚠️ Important Considerations

A standard letter from your financial institution should include:

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.