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Non-Recourse Lenders

Who Provide Financing for Self-Directed IRAs and Solo 401k Retirement Plans:

NASB- non-recourse lender NASB

North American Savings Bank

North American Savings Bank provides loans in all 50 states. Founded in 1927, NASB now manages over one billion dollars in assets.

Non-Recourse Loan

NASB offers an IRA lending program to help individual investors with their financing needs with IRA and 401k accounts. NASB  lends up to 70% loan-to-cost on single-family detached homes and 60% on all other residential properties (CA, AZ, FL, MI, OH, NV have a max 55% loan-to-cost).

The loan amount is determined by the property condition, cash flow, recent property history, and retirement reserves in the accounts. Loan decision can typically be obtained within 24 hours. Processing time is about 45 days from application date. NASB offers a 5 year ARM and a 25 year fixed.

Minimum Requirements

  • The minimum down payment is 30% of the purchase price. Insufficient cash flow or the condition of the property may require a larger down payment.
  • The property must generate sufficient net operating income (rents minus operating expenses) to exceed the debt payments by 20–25%.

Contact Info

Jason Zook | IRA Loan Officer (NMLS ID#: 415110)
903 E. 104th Street, Suite 400, Kansas City, MO 64131
Ph: (855) 211-3340 | jzook@nasb.com | www.iralending.com
Solera National Bank

Solera National Bank

Loans to refinance or purchase 1 – 4 family residential property held in a Self-Directed IRA or Solo 401k. Let us help you finance that single family home (SFR), duplex, condo or townhome units (2-4 family) held in your Self-Directed IRA or Solo 401k. We can provide funds for acquisition, refinance or cash-out refinance for these types of properties. We can consider any of these subject to the following general terms and conditions:

General Terms & Conditions

  • Loan Amounts: from $50,000 to $500,000
  • Maximum Loan To Value: 65%; this may be reduced subject to specifics of a particular transaction
  • Interest Rates: Approx. 5.25% – 6.5% (based on underwriting)
  • Origination Fee: 1.5%
  • Terms: Terms: 7/1 Adjustable Commercial Real Estate loan amortized over 25 years with all interest, principal, taxes and insurance due monthly
  • Maturity: Up to 25 years
  • Other Requirements: The property must generate sufficient net operating income (rents minus operating expense) to exceed loan payment by at least 25%. Minimum cash reserves must be maintained in your retirement account held at Solera National Bank.

Contact Info

Avram Shabanyan
319 S. Sheridan Blvd, Lakewood, CO 80226
(303)937-6429 | avram@solerabank.com | www.solerabank.com
Marshall Reddick- non-recourse lender Marshall Reddick

Marshall Reddick Real Estate

Marshall Reddick Real Estate has been a prominent nationwide residential real estate firm since 1979. They provide a spectrum of private, non-bank loan options for individuals, entities and the like. All programs including rental, renovate, bridge and new construction are non-recourse eligible for self-directed retirement borrowers. Non-owner occupied only.

Non-Recourse Loan

Rates, terms and pricing here: https://www.marshallreddick.com/loan-programs

  • Rental Programs up to 70% LTV
  • Bridge Programs up to 80% LTV
  • Renovate Programs up to 90% LTV

Contact Info

Patrick Prunty | NMLS 1205733
4299 MacArthur Blvd., Ste. 105, Newport Beach, CA 92660
949-885-8173 | pprunty@marshallreddick.com | https://www.marshallreddick.com
Pacific-Crest-Savings-Bank non-recourse lender

Pacific Crest Savings Bank

Pacific Crest Savings Bank was established in 1984 as Phoenix Mortgage and converted to a Washington State chartered, federally insured savings bank in 1998. PCSB combines the advantages of independent ownership with three decades of experience to offer the highest level of customer service.

Non-Recourse Loan

They offer non-recourse loans to investment properties in Western Washington State that are held in a self-directed retirement plan such as a Solo 401(k), IRA and more. Pacific Crest offers loans for purchase, rate and term refinance, and cash out refinance.

  • The maximum loan-to-value is 50%
  • Positive cash flow is required.

Contact Info

Larry Enselman(425) 670-9623 | lenselman@paccrest.com | www.paccrest.com
1stbank- Non-recourse lender list

FirstBank

FirstBank offers excellent banking services and products with a great focus on the investor community. After 50 years in the business, FirstBank has grown its assets to more than 14 billion dollars.

FirstBank offers non-recourse loans to the majority of Colorado,  the Phoenix metro area in Arizona, all of Southern California and also Central California including the Inland Empire and High Desert areas.

Non-Recourse Loan

The maximum loan-to-value is 65%. Typical loan products are the 15-year fixed rate mortgage and 7/1 or 5/1 ARM that can be amortized over 15 or 30 years with a matching maturity.

Generally, the bank can complete a transaction in about 35 days for someone who has checkbook control and/or where the IRA owner is signing on behalf of their plan or LLC. There is no minimum or maximum loan amount.

Minimum Requirements

  • 75% of projected rents must cover principal, interest, taxes and insurance (PITI payments) for 1-4 family residences.  No lease is required at closing
  •  An analysis of personal debt service, net worth, and credit is required
  •  The underlying participant(s) must meet a minimum credit standard of a 680

Contact Info

California – Natalie Russo | 760-836-3529 | natalie.russo@efirstbank.com
Colorado – Ryan Blake | 303-920-5202 | ryan.blake@efirstbank.com
Arizona – Slava Ibragimov | 602-333-7740 | slava.ibragimov@efirstbank.com
www.efirstbank.com
JMac Funding- Non-recourse lender

JMAC Funding

JMAC Funding is a group of private lenders located in San Diego, California who provide fast Private Hard Money Loans in California. We also buy real estate notes nationwide.

Non-Recourse Loan

JMAC Funding offers non-recourse loans to self-directed IRA LLCs that hold real estate. We are equity based lenders and we make purchase money and cash-out refi loans on commercial, residential and land in California only.  The loans can be structured as rehab loans or new construction as well as for rentals. Loan terms are usually short-term 5-year max and project dependent.  For rentals, the project must be (or projected to be) cash flow positive with the loan in place.

Loan Terms:

  • Max Loan to Value (LTV) of 65%
  • Loan Amounts from $30K and up
  • Commercial, Residential and Land
  • Max term: 5 years

Contact Info

Jim MacArthur
PO Box 91472, San Diego, CA 92169
(619) 846-1550 | jmac@TheHardMoneyPros.com | www.TheHardMoneyPros.com
Lending Resources Group- Non-recourse lender

Lending Resources Group, Inc.

Mark Robbins, CEO of Lending Resources Group, has been a pioneer in helping IRA investors obtain non-recourse loans for their real estate investments since they became available to the public in 2004. Mark was the first mortgage banker in the US at a major mortgage banking company to offer non-recourse loans to IRA investors nationwide. Mark formed Lending Resources Group, Inc. in 2008 and continues to facilitate non-recourse loans for IRA investors from coast to coast.

Non-Recourse Loan

LRG has helped investors obtain these loans for all types of real estate from single-family homes and condominiums to duplexes, 4-plexes, multi-family apartment buildings and commercial properties. LRG has also uses its wide array of private sources to fund non-recourse loans that the banks refuse to do.

Contact Info

415-309-1803 | mark@lendingresourcesgroup.com | www.lendingresourcesgroup.com
First Western Federal Savings Bank Non-recourse lender

First Western Federal Savings Bank

First Western Federal Savings Bank is a nationwide non-recourse lender that helps their clients use their self-directed retirement accounts to purchase real estate investment with leverage. They finance residential, commercial, and multifamily properties in all 50 states for buy and hold investors.

Non-Recourse Loan

First Western Federal Savings Bank offers 25-year, fully amortizing loans with no pre-payment penalty and no balloon payments. The maximum LTV is up to 60% for 1-4 unit residential properties and 50% for larger rental and commercial properties. The loan amount can range from $40,000 to $800,000. Typically, loan decisions are made within 2 days, and processing time is usually 30 to 35 days from the application date.

Minimum Requirements

  • Minimum liquid reserves in the retirement account: 15% of the loan amount
  • Net operating income must exceed debt payments by a minimum of 25%

Contact Info

Roger St. Pierre | Sr. VP | NMLS#: 768919
402 Main Street, Rapid City, SD 57701
605-341-1203 | roger@myiralender.com | www.myiralender.com
Peak Asset Lending- Non-recourse lender

Peak Asset Lending

Peak Asset Lending provides non-recourse loans for residential investment property. 30-year term available and no pre-payment penalties. Rate from 6.50%, Fixed Rate, 30 Year Mortgage and up to 70% LTV available.

Non-Recourse Loan

  • 30 years fully amortized and no pre-payment penalties

  • No minimum loan amount

  • Up to 70% LTV
  • Rehab to Perm Financing
    • Single Loan Closing to Purchase, Rehab, and Hold as a Rental. Up to 80% Loan to Cost
  • New Construction Financing
    • Build to Rent Program for Retirement Plans featuring Single Closing on 30 Year Loan
  • Lending Areas:  
    • Peak is currently lending in the States of: Alabama, Arkansas, Colorado, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Michigan, Mississippi, Missouri, Montana, Nebraska, New Mexico, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Washington, Wisconsin and Wyoming.

Contact Info

Shane Sauer | 11289 Strang Line Rd, Lenexa, KS 66215

(913) 956-7325 (PEAK) | Shane@PeakAssetLending.com| www.peakassetlending.com

 
Titan Bank- Non-recourse lender

Titan Bank

Titan Bank is a leading provider of banks accounts for self-directed retirement customers offering non-recourse loans to help their clients use their self-directed retirement accounts to purchase real estate investment with leverage. They finance residential, commercial, and multifamily properties in all 50 states for buy and hold investors. Founded in 1907, Titan Bank is a regulated national bank with FDIC insured accounts.

Non-Recourse Loan

Titan Bank offers 20-year, fully amortizing loans with no pre-payment penalty and no balloon payments. The maximum LTV is up to 60% for 1-4-unit residential properties and 40-50% for small/rural markets, larger rentals and commercial properties. The loan amount can range from $60,000 and up. Typically, loan decisions are made within 2 days, and processing time is usually 30 to 45 days from the application date.

Minimum Requirements

  • Minimum liquid reserves in the Titan Bank retirement account: 25% of the loan amount
  • Net operating income must exceed debt payments by a minimum of 25%

Contact Info

Ryan Hughes | Director of Retirement Accounts |3100 Monticello Ave Dallas, TX 75205                                                                214-580-3187 | rhughes@titanbank.com | http://www.titanbank.com/small-business/titanbankcom-solo-401k-bank-accounts

First National Bank- non-recourse lender First National Bank

First National Bank of America

First National Bank of America offers loans in all 50 states for 1-4 unit residential properties. Loans for larger multi-family properties are available locally. Their maximum loan term is 10 years with a max amortization of 20 years. First National Bank of America also offers rehab loans, refinancing, and will consider loans under $50,000. The typical processing time is 30 to 45 days from application to close.

Minimum Requirements

  • 40% to 50% down payment available in the self-directed IRA
  • The property must generate a net operating income that exceeds debt payments by 20% to 25%

Contact Info

Scott Raymond
4660 Kalamazoo Ave SE, Grand Rapids, MI  49508
(616) 538-6017 | sraymond@fnba.com | www.fnba.com
Red Rock Capital non-recourse lender

Red Rock Capital 

Red Rock Capital offers non-recourse loans for individuals who are purchasing investment property within their self-directed retirement accounts? They offer non-recourse bridge, rehab, and long term rental loans.  

Non-Recourse Loan

  • Fix and Flip Loans with a floor rate of 12%
  • Long term 5/1 7/1 and 10/1 ARMS with rates starting at 7.375%
  • Blanket loans of up to 10 properties
  • Finance rural properties
  • Interest only payments

Contact Info

Jennifer Manier | Sales Manager
5585 Erindale Drive Ste 201 Colorado Springs, CO 80918
(719) 900- 5400| jennifer@fundwithredrock.com | www.FundWithRedRock.com
Non-Recourse Lenders

Oceans Lending 

Oceans Lending has been in business for over 20 years. They lend on the non-recourse loans and fix & flips in all 50 states. They also have a wide range of lending options that include Traditional, Non-QM and Reverse Mortgages for selected states. 

Non-Recourse Loan

  • Purchase or Refinance Single Family Rentals, 2-4 Units, Condo, Townhome, Commercial.
  • Terms up to 65% LTV with 7/1 or 10/1 on 20 years amortization.
  • Minimum loan amount of $50k.
  • Loan decisions made typically made within 48 hours.

Contact Info

Jay Schoch | National Lending Officer
1740 Sarno  Rd., Melbourne, FL 32935
(469) 215-9100 | jay@nonrecourseloan.com | http://nonrecourseloan.com/