Question about using SDIRA for 2nd position loan

[Julian Buick]

Let's say a friend and I create an LLC and fund it using funds from our own bank accounts. The LLC makes a loan to a flipper (non related) for the acquisition of a distressed property. Would it be possible for my SDIRA to make a loan in second position for the rehab costs on the same property? The rehabber is unrelated so not a disqualified person. I nor my partner plan on doing anything other than provide funding. Would that be considered co-mingling funds? Both loans would be separate, with their own promissory notes and trust deeds.

I'm just looking for an opinion, not legal advice.

Thanks,

Julian

Any thoughts 

@Mark Nolan @Dmitriy Fomichenko