IRA Non-Recourse Financing

IRA Non-Recourse Financing is a loan in which the IRA account holder is not personally liable for repayment of the loan. The security instruments allow no recourse (personal liability) against the individual account holders or the balances of your IRA funds. In the event of default/foreclosure the lender can only look solely to the property as the source of repayment. The non-recourse lender cannot pursue other assets owned by the account holder or the IRA.

Most non-recourse lenders will require a down payment of at least 30%-35% of the purchase price vested in a Self Directed IRA to buy rental properties using a non-recourse loan. This is subject to loan approval, including an  real estate appraisal acceptable to the lender. Insufficient cash flow or the condition of the property may require a larger down payment. Non-Recourse loans are available in all 50 states.

Eligible properties include: Single family detached residential, warrantable Condo’s, PUD’s, duplexes, 4-plexes, and multifamily (5 or more units).

Non-eligible properties include: Residential with large acreage, raw land,farms, rural properties, manufactured or loghomes, non-warrantable condos, Condo-Hotels, Co-ops, Time Shares, hotels, senior or assisted living facilities, non-franchise restaurants, entertainment properties, ministorage, and commercial property.

Most Seller financed loans are non-recourse loans. Additionally most commercial property conduit loans are Non-Recourse loans.

 Call Now For Pricing

1-800-936-0872

Self Directed IRA accepts Visa, MC, Amex and Discover

Self Directed IRA is rated A+ by the BBB
Self Directed IRA 100% Satisfaction Guaranteed

Office Hours

9am – 5pm PST Monday – Friday

The information contained on this website has been supplied as general information. We do not provide investment, legal or accounting advice. We recommend that you seek advice from a qualified local investment, accounting or legal counsel.

error:

Pin It on Pinterest

Share This
Call Us Now!