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Kenneth Bentley
Pro Member
  • Rental Property Investor
  • Weaver, AL
6
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17
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Looking for a Nonrecourse Lender

Kenneth Bentley
Pro Member
  • Rental Property Investor
  • Weaver, AL
Posted Mar 28 2024, 11:29

Hey guys, does anyone know of a lender that would do 30% for a non-recourse loan for my SDIRA? I don't have a lot in the account and admittedly, I didn't realize how much you'd actually need to do the deals. I thought I would be able to put 20% down but I spoke with a lender yesterday and he told me they require 40% but after fees and closing costs, you'll really need 55%. 


Kenneth Bentley  

User Stats

628
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223
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Brett Synicky
Pro Member
  • Solo 401k and SDIRA Consultant
  • Orange, CA
223
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628
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Brett Synicky
Pro Member
  • Solo 401k and SDIRA Consultant
  • Orange, CA
Replied Mar 28 2024, 17:12

You can go through this list and ask.  https://www.biggerpockets.com/member-blogs/2810/50272-list-o...

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1,404
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161
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Simmy Ahluwalia
Pro Member
  • Lender
  • Atlanta, GA
161
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1,404
Posts
Simmy Ahluwalia
Pro Member
  • Lender
  • Atlanta, GA
Replied Mar 29 2024, 07:44

@Kenneth Bentley - yes, we offer NR loans.  However, I think your down-payment is a little high.  Let's discuss. Reach out.

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