Recourse vs. Nonrecourse

[Samuel S.]

So say the only asset my LLC owns is just a single property, which was paid for in cash worth 100k. So I have 100% equity in the eyes of the lender. When I go to do a cash out refi for my next investment property, will I be able to have that cash refi loan be a non recourse loan? Or are refinance loans always recourse? What if since the property ownership is in the name of the LLC, can I qualify for a commercial loan which I could have be a nonrecourse loan?

[Mark Nolan]

Following is a list of no-recourse lenders who will lend to a self-directed solo 401k as well as an IRA LLC.

http://www.iralending.com/

http://www.myiralender.com/