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Updated about 9 years ago,
Lending Earnest Money
I have a real estate investor who wants to borrow earnest money ($1,000) and a proof of funds letter. He waiting on his money to come in but does not want to lose the deal. What kind of fee should I charge to lend the earnest money. I usually send a copy of a earnest check and go from there. His concern is they may ask to verify funds and he does not have it in the bank but I do. So what kind of fee or percentage should i ask for ?
Thanks