Gift Letter
December 14, 2013 | | Kris Tabetando | 0 Comment
A gift letter is a letter delivered to a lender to state that certain funds have been provided to a borrower as a gift. This could be money received from a friend or family.
This letter usually applies in cases where a borrower needs to make a down-payment on an asset purchase and borrow the rest of the funds from the lender. The lender needs to know that the funds from the third-party are not a loan with interest payments that could affect the borrower’s ability to repay an additional loan from the lender.
Author: Kris Tabetando
Kris Tabetando provides mergers & acquisitions (M&A) advisory and brokerage services to Internet companies. He also partners with investors to acquire & manage Internet businesses.
- Connect with Kris:
