IRA’s can borrow money to purchase real estate assets, as long as the financing is a Non-Recourse Loan.
A Non-Recourse Loan is secured entirely by the collateral. In the event of default, there is no recourse or ability to collect the loan from the IRA owner personally or the IRA itself.
First Western Federal Savings Bank lends to self-directed IRA’s, IRA funded LLC’s and Solo 401 K’s throughout the United States. Our non-recourse loan documents are approved by all major custodians.
We write a 30 year, fully amortizing loan with No Prepayment Penalty whatsoever and No balloon payments.
We certainly don’t want to penalize you for making a profit on the appreciation of your investment property and paying off the loan early.
That’s the idea isn’t it? To make money on real estate investments in your IRA using leverage!
First Western Federal Savings Bank is a Nationwide IRA Non-Recourse Lender. We will promptly review your loan request in a professional manner and give you a timely response.
One person will take your file from start to finish, so you always know the status of your request. And, we don’t believe in voicemail. If you call during our normal business hours, you will always talk to a live person!
