Non Recourse IRA Loan

This loan is for your Self Directed IRA

The Non Recourse IRA Loan is for investors wishing to diversify their retirement by investing in real estate through their IRA.  By using a non recourse IRA loan you have the ability to leverage into one or more properties while using a tax shelter to avoid paying taxes on gains.  (please consult your tax advisor) 

This is a highly specialized loan. The Non Recourse IRA Loan is more of a commercial loan than a residential loan, meaning the property is considered more important than the borrower in the eyes of the underwriter.  Because this loan is specialized we encourage you to call with your questions or to get more information. 

Requirements for the Non Recourse IRA Loan

• Minimum loan amount $50,000
• 70% max LTV for 1 - 4 family and 65% for multi family
• DSCR 1.0x (Debt Service Coverage Ratio = net operating income / annual debt service)
• Taxes and Insurance must be escrowed
• Minimum IRA reserves required
• 2 points for loan origination
• Available in all 50 states

Condos are looked at on a case by case basis.  We may or may not be able to finance condos so please call us prior to submitting earnest money.  General guidelines for a condo are LTVs between 50% and 60%.

Need a self directed IRA?

It is a imperative that you have a self directed IRA (SDIRA) if you want to buy properties in your IRA.  There are several companies that can do this for you.  Simply Google self directed IRA and you will be overwhelmed with companies wanting to help.  This is highly regulated by the government so you want to be careful who you choose to work with.  Also, it can be a nightmare being forced to submit requests to a custodian just to get a contractor paid or a mortgage payment made.  For the ease of business and investing we  recommend you get a SDIRA with true check book control.   We highly recommend Guident Financial because of their commitment to education, service and flexibility.   Check them out and they will send you a free educational CD.  

Pine Financial Group, LLC is not an investment advisor, and is not qualified to provide advice on IRA rules, regulations, or eligibility requirements. Please consult with your tax and investment advisors.