How your IRA can borrow money
Some IRA’s can borrow money to purchase investment real estate assets, as long as the financing is a Non-Recourse Loan.
Hard Money Resource Group, LLC is partnered with a Bank that lends to self-directed IRA’s, IRA funded LLC’s and Solo 401 K’s throughout the United States. These non-recourse loan documents are approved by all major custodians.
We offer a 20-25 year, fully amortizing loan with No Prepayment Penalty and No balloon payments. This is a great way to make money on real estate investments in your IRA using leverage!
This Loan is Not Designed for Fix N Flips or Short Term Rehab Projects!
This loan is best suited for income producing investment properties that you plan to keep for more than just a few months. If you have taken out a Hard Money purchase loan and are looking for a good way to utilize your IRA funds… this is it!
Lending Parameters
Rates starting at 4.25%, 3 Origination Points & Minimum Loan Amount is $40,000, purchase price must be at least $90,000. 60% LTV in MOST states (FL, MI, NJ, OH= 50% -- NV & NY=40%). Financing available for: Residential 1-4 units, 5+ units and Commercial Properties, Farms with Income.
We do not lend on any property constructed prior to 1940, Raw Land, Restaurants or Motels.
Our partner is a Nationwide IRA Non-Recourse Lender however, there may be certain areas that are especially hard hit by foreclosures and they reserve the right to lower the LTV's in those types of areas or not make the loan if there is excessive risk.
This is NOT a Hard Money loan and does require some qualification, but if the deal makes sense, we will fund it. www.hardmoneyrg.com