I have seen so many and no particular style seems to be the norm, but you can get a good idea of one at the web reference below.
Here is a template, but you did not mention what the LOI was for. That does make a difference. This one is for escrow, but can be changed to work for other stuff. If you are into the bulk REO market stop now. Many have lost years chasing that unicorn
Escrow Letter of Intent
(Must be on Escrow Company Letter Head)
Expiration: This letter is considered null and void at the
end of business of (4 business days from date)
Designation: This letter is considered null and void
for any party other than correspondence from
George Tran of Synergy Capital Partners LLC
Reference: (Escrow Account ID – Optional)
To Whom It May Concern:
I am the escrow officer for ESCROW/Title Company. I certify that I have procession of a Letter of Intent from my client and have verified that they have the funding to close on the order below. This letter and proof of fund will be released to your institution upon instruction from my client.
Order amount: (ex. $200,000,000)
LTV: (ex. 55% or a range 50%- 54%)
Brokering Fee Points: 3 points.
Condition of Property: (minor, moderate, high rehab)
Property Type: (ex. SFR, Notes, Commercial, etc.)
Price range: (ex. $200,000 to $600,000)
Preferred Geographical Location: (ex. Dallas, Phoenix, Las Vegas)
Cash or Financed: (ex. $100 Mil Cash Liquid within our company or hard money)
Exit Strategy: (ex. Hold/Lease or Resale)
Future Intentions: (ex. Single Order, Periodic, Monthly)
Apr 23, 2010