PRIVATE LENDER NEEDED FOR NON-RECOURSE LOAN

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	Posted By		Andy Locher On: 2/21/2010 11:38:33 AM
	Subject		PRIVATE LENDER NEEDED FOR NON-RECOURSE LOAN
	Message		I am buying condos for ~35k with $6000 down and need a first position loan for the remaining ~29K The two problems that I’m having are: 1. The funds need to be true non-recourse as this is a SDIRA retirement account, completely property based. No personal credit info or guaranties can be given (per IRS guidelines), and 2. The few SDIRA commercial lenders that I can find require a minimum $50K loan. Properties are ‘Class A’ type properties with the usual amenities, such as weight rooms, hot tubs and swimming pools, minimum two bedrooms. Management will be provided by a professional management company Term and interest rate open to negotiation- but I’m not looking for a Hard Money loan. So, I’m reaching out for ideas and possible contacts, does anybody have any experience that might help?

Full Thread

PRIVATE LENDER NEEDED FOR NON-RECOURSE LOAN - Andy Locher 2/21/2010 11:38:33 AM

RE: PRIVATE LENDER NEEDED FOR NON-RECOURSE LOAN - brock b 2/24/2010 9:38:41 PM

RE: PRIVATE LENDER NEEDED FOR NON-RECOURSE LOAN - Charles Parrish 2/28/2010 10:50:53 AM



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