Gift Letter for Construction Loan
Gift Letter for Construction Loan
November 12, 2050
Dear Loan Officer,
I, [Your Name], hereby confirm that I am gifting the sum of $50,000 to Jane Smith, who is applying for a construction loan with your institution.
I acknowledge that the amount of $50,000 is being provided as a gift and not as a loan. I understand that there is no expectation of repayment of this gift, and there are no terms or conditions tied to this gift. The funds are being given freely and without any agreement for repayment.
The source of the funds for this gift is my personal savings account.
Please feel free to contact me at [Your Email] if you have any further questions.
Thank you for your attention to this matter.
Sincerely,
[Your Name]
[Your Email]
