Proof of Funds Requirements

[Jason Boice]

I currently have two private lenders that I work with. I make all cash offers and then obtain the funds from my private lenders to complete the deal. Recently I have been getting Proof of Funds requests from listing agents when making offers. Both of my private lenders lend because they don't want to be involved in the day to day, other than providing the money and collecting their interest payments. However, I find I am constantly asking them for POF info. Anyone deal with this before? Has anyone come up with a way to satisfy the POF requirement without having to constantly go back to your private lenders for bank statements or if they want to remain anonymous, sending it to an attorney who then drafts a POF letter?