Thoughts on combining multiple investors from SD IRA to fund loan...

[Andy M.]

I recently did a hard money loan where I combined multiple self directed IRA accounts and money from my company as well. Basically my self directed Roth, my wife's IRA, and the balance was from my LLC. My administrator (APS) didn't have a problem with the loan, but I recently went to lunch with a friend who claims that the IRS frowns upon this. His argument was that I was personally benefiting so the IRS could ultimately unwind the deal. Even though each investor will have equal profits proportional to the % interest contributed to the loan.

I plan on doing a lot more deals like this in the future so I want to make sure that I can "top off" loans with my own money when necessary.

Anyone have experience with this? Again, my administrator claims that it is fine. Is my friend just being ultra safe?