financing with SD IRA

[Stephen Sawrie]

not sure if this is the appropriate forum, so I also posted on one other forum.  here goes:

SD-IRA, checkbook control (LLC). want to purchase multiplex for 290k but finance around 30-40%. I am told that the loan to the LLC must be non-recourse. is this correct? uDirect supplied me with a list of lenders that they know who make non-recourse loans.

questions:

1. does this sound correct?

2. anyone out there have any experience with lenders making non-recourse loans in this situation?

thanks in advance