I am looking for lenders who would finance non recourse loan for buying single family rentals as i plan to use self directed IRA funds for downpayment. Any recommendations.
There are not many, but I do know of one that is doing pretty good work at 70% leverage right now. They just redid their legal wording to help ensure non-recourse for SD-IRA.
Just sent a DM, would love to connect and help if possible.
There are not many, but I do know of one that is doing pretty good work at 70% leverage right now. They just redid their legal wording to help ensure non-recourse for SD-IRA.
Just sent a DM, would love to connect and help if possible.
Good luck!
70% LTV on nonrecourse? That's wild. Is this a newer product for them, or have they been doing this for a while?
There are not many, but I do know of one that is doing pretty good work at 70% leverage right now. They just redid their legal wording to help ensure non-recourse for SD-IRA.
Just sent a DM, would love to connect and help if possible.
Good luck!
70% LTV on nonrecourse? That's wild. Is this a newer product for them, or have they been doing this for a while?
Yeah, they had some wording during 2024 that made it "non"-recourse (my wording, not theirs) but had some limitations even with it being eligible through an SDIRA.
That being said, they shored up the language and have made it a great SDIRA non-recourse option that is top of the line at maximizing that kind of leverage.
And we definitely agree, I wish I had more clients that knew of the kind of benefits something like this provides!
There are not many, but I do know of one that is doing pretty good work at 70% leverage right now. They just redid their legal wording to help ensure non-recourse for SD-IRA.
Just sent a DM, would love to connect and help if possible.
Good luck!
70% LTV on nonrecourse? That's wild. Is this a newer product for them, or have they been doing this for a while?
Yeah, they had some wording during 2024 that made it "non"-recourse (my wording, not theirs) but had some limitations even with it being eligible through an SDIRA.
That being said, they shored up the language and have made it a great SDIRA non-recourse option that is top of the line at maximizing that kind of leverage.
And we definitely agree, I wish I had more clients that knew of the kind of benefits something like this provides!
Interesting. Typically nonrecourse debt caps around 55-60% LTV. This is the first lender I've heard of going to 70%.
There are not many, but I do know of one that is doing pretty good work at 70% leverage right now. They just redid their legal wording to help ensure non-recourse for SD-IRA.
Just sent a DM, would love to connect and help if possible.
Good luck!
70% LTV on nonrecourse? That's wild. Is this a newer product for them, or have they been doing this for a while?
Yeah, they had some wording during 2024 that made it "non"-recourse (my wording, not theirs) but had some limitations even with it being eligible through an SDIRA.
That being said, they shored up the language and have made it a great SDIRA non-recourse option that is top of the line at maximizing that kind of leverage.
And we definitely agree, I wish I had more clients that knew of the kind of benefits something like this provides!
Interesting. Typically nonrecourse debt caps around 55-60% LTV. This is the first lender I've heard of going to 70%.
We were taken aback as well, but they are a premier lender in the DSCR space and have maintained that. Plus, with their rewording, they have even somewhat reinforced the program as the needs have continued to develop.
Happy to provide more information if you are interested and would like to connect!
I am looking for lenders who would finance non recourse loan for buying single family rentals as i plan to use self directed IRA funds for downpayment. Any recommendations.
Here’s a list of non recourse lenders you can call through. Some of the info might be dated but yeah plan on at least 30-50% down. Gotta cash flow and 6 months reserves.