Can my SD IRA and I lend to the same borrower?
I was hoping someone here would know the answer to this, I want to make sure this is not considered a prohibited transaction. Can I lend money from my self-directed IRA to a company and also make a private loan to the same company.
Here are the details. I am looking to lend someone $50K for a rehab project from my SD IRA but I am short about $10K. Can I make them a separate $10k loan from my personal funds? If the loans are paid back separately and the funds are not "co-mingled", would this be considered a prohibited transaction?