( SAMPLE LETTER )

ON LETTERHEAD OF BANK HOLDING THE REAL ESTATE PROPERTY

 

DOCUMENTATION TO BE SENT ( VIA EMAIL ATTACHMENT & ALSO HARD COPY )

Date ………………………………………………………

Owner’s Name / Title ………………………………………………………

Company Name ………………………………………………………

Full Address ………………………………………………………

Telephone ………………………………………………………

Email address ………………………………………………………

Deposit Account Number ………………………………………………………

Reference Number ………………………………………………………

 

To PRIVATE LOAN CORPORATE PROVIDER

We, (Name of Bank and full address), hereby attest that (Client Name) is a valued customer at our bank. We also confirm that (Client Name) has entrusted to us at our bank certain real estate property on deposit account number # …………………………

The real estate property includes (completed construction , incomplete construction , land , etc) As far as real property documents submitted to us by (Client Name) , the property is free and clear of all liens or rights of third parties , and (excluding normal current real estate tax liens).

Accordingly, in this regard for the said property, we have in our possession a real estate appraisal prepared by (Full name and address of appraisal company).

The said appraisal states that the fair market value of the real property is :

Real Estate Brief Description and value in USD or EURO …………………………………….…………………………………………..

On the basis of the information we have in our disposal we confirm that the real property has a total value of USD / EURO 000 000 …………………………………….…………………………………………..

AND it is fully in accordance with the (Name of Country) legislation.

We further confirm that the real property can be blocked by our bank to bank (bank account) so designated by LOAN PROVIDER who in this case is NAME OF LOAN PROVIDER for a period of …………. years and one week , this upon written instructions by (our Client Name) directing us to issue a bank to bank Blocked Assets Letter addressed to the transacting bank so designated.

Our client (name of client) has confirmed to us in writing that the Ownership Title will be transferred to LOAN PROVIDER until loan plus agreed to interest is repaid.

Bank Officer Name & Title           Bank Officer Name & Title

BANK SEAL