When you are making an offer to a commercial seller and you have a hard money lender aligned due you say on the offer that is an all cash offer or not?
Hi,
I think it's going to be determined by whether your required to submit a proof of funds letter to get the contract approved and signed?
If your required to have proof of funds and have enough cash in your bank to prove ability to purchase, then check the cash box and substitute the hard money lender in escrow!
If your required to have proof of funds and don’t have enough cash in your bank to prove ability to purchase, then check the financing box and submit a “Proof of Funds” letter from your hard money lender!
Being an all cash offer is completely subjective depending on whether seller requests a “Proof of Funds” or “Loan Approval Letter”!
GR
Thank you that was really helpful!