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Updated over 8 years ago on .
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financing with SD-IRA
SD-IRA, checkbook control (LLC). want to purchase multiplex for 290k but finance around 30-40%. I am told that the loan to the LLC must be non-recourse. is this correct? uDirect supplied me with a list of lenders that they know who make non-recourse loans.
questions:
1. does this sound correct?
2. anyone out there have any experience with lenders making non-recourse loans in this situation?
thanks in advance