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WHAT IS A PROOF OF FUNDS LETTER?
OUR PROCESS
Proof of Funds letter is good for ONE Property.
– Proof of Funds letter is good for 30 Days.
– Proof of Funds letter is frequently required by real estate agents to prove you have the funds to close on a potential investment, and before any offers are submitted to sellers. Many times, Proof of Funds letter is required along with a purchase offer contract in real estate transactions.
NOTICES:
Proof of fund letters are not available online for investment properties located in Arizona, Minnesota, Nevada, Oregon, South Dakota, Utah, and Vermont. Proof of funds letters are not available online for more than $500,000. If you enter an amount more than $500,000, it will be reduced to $500,000. Proof of funds letters are for a single loan collateralized by more than a single property are not available online. Information required to complete a proof of funds letter includes: Your business or entity name (Paradise10 does not provide funding on real estate investments to individuals, only entities), the investment property’s full address and the expected loan amount. Please call Paradise10 at 850-610-3486 for more information on any of these listed limitations. Paradise10 provides funds to investors for the purchase of non-owner occupied, residential property (investment property with four units or less) or commercial property (through partners) in most states. We are not responsible for the misuse of our Proof of Funds letter in anyway, nor will refunds be granted for typographical errors, any other inaccuracies, or for failing to comply with the notices above. A Proof of Funds Letter in no way obligates Paradise10 to you in any way.