Do you need a proof of funds letter?
When bidding on properties some sellers require buyers to have a proof of funds letter (POF). Hamilton Square Capital (HSC) is happy to issue proof of funds letters for real estate investors interested in using HSC to fund their deals. We don’t charge anything for issuing a POF letter! We know that many buyers have to move quickly to secure a property contract and we are glad to help. We can issue these POF letters within 24 hours of receiving the information we need to complete the letter.
What is a proof of funds letter?
Some sellers including auction sites, banks and others require a buyer to show they have enough money to close a property deal. Proof of funds letters issued by HSC will show sellers you have the financing available to fund your transaction.
How do I request a proof of funds letter from HSC?
Contact us today with the information about your deal. We can get you a proof of funds letter within 24 hours!
We offer a quick and easy 3 step loan process
1. Tell us about your project
Discuss your project with us to figure out if it is a good fit with our lending criteria. We can usually tell you after a quick conversation whether there is a good chance we will fund your loan.
2. Submit loan documents
Fill out our loan application docs and we will order an appraisal for your property.
3. Loan funding
Once underwriting has reviewed all your information and approved your loan, we will fund your deal at closing.
Step 1 - Discuss Your Project With Us:
Submitting our loan Pre-qualification form is the easiest way to get the process started.
We also have a quick contact form that allows us to collect some basic info about your project or you can call us directly.
Many investors find it easier to connect with us to discuss their project, often before they are sure they will purchase a property.
Some want to understand how much funding may be available to them on a certain project or just want us to walk them through our quick loan process.
The earlier in the process we are involved the more options we can provide for borrowers.
After discussing your project with us, we can typically give you preliminary information on some aspects of a potential loan from us before completing the loan application.
Once a loan application is completed though we can provide borrowers with a quote on the funding amount, timing, terms and costs of the loan often within a matter of hours.
Step 2 - Submit loan documents (Underwriting):
Once a borrower is comfortable they would like to move forward with the loan process, HSC will ask them if we should schedule an appraisal of their property.
This is the first step toward closing a loan on the purchase of your investment property.
HSC will then reach out to an appraiser who will contact you to schedule a site visit of the property.
For loans involving construction, we also will need the proposed scope of work to be submitted.
At this point, HSC will ask you to submit additional information to underwrite the loan.
This includes a personal financial statement, authorization to run a credit report and background checks, and corporate entity documents for the borrower.
Step 3 - Funding:
Once we have all the documents we can proceed toward closing.
We will send you the loan documents to review, finalize any other items we may need as is typical with similar loans, and schedule a closing for your funding.