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Updated over 5 years ago on . Most recent reply

Sameer Jain's profile image
Sameer Jain's profile image
Sameer Jain
  • Investor
  • from Cupertino, California
  • Member since Sep 27, 2016
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Sameer Jain's profile image
Sameer Jain's profile image
Sameer Jain
  • Investor
  • from Cupertino, California
  • Member since Sep 27, 2016
Connect
Sameer Jain
  • Investor
  • Cupertino, CA
9
Votes |
83
Posts
Private Lending & Conventional Mortgage Advice

Non Recourse Loan in CA

Sameer Jain
  • Investor
  • Cupertino, CA
Posted

I am looking to buy a property using funds in Roth IRA in CA . I reached out to non recourse lender and they are saying they can fund only upto 60% of purchase price and they need 10% funds in reserves . Is there a way to purchase non recourse property by doing a down payment of 10% or 20% ? Should we go for Hard money loan to fund non recourse loan ? Is there a lender who can fund non recourse property upto 80%?

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