Self directed IRA LLC refinance loan

[Gina Cresse]

Hi,

I purchased a rental property with my self-directed IRA (all cash) in 2013 using an LLC set up for me by an attorney. I recently discovered I can borrow against the property to get cash for down payments on more rental properties. I use Wells Fargo for all my accounts, including the IRA LLC. Today WFB told me they won't let the LLC borrow against a rental property unless its commercial, which mine is not. They will only lend to me personally but not to the LLC which I'm pretty sure will be a problem due to the IRA rules. Is this a typical rule for all banks or just WFB? If it is a standard rule, how does one get lending for an LLC attached to an IRA. Any info would be much appreciated.

Thanks,

Gina