Leveraging SDIRA property

[Jeff White]

While still relatively new to BP, I have begun taking steps to grow our real estate portfolio.  My current project is to use my SDIRA to purchase a turnkey property.  In preparation, I've made contact with both a non-recourse lender and a custodian.  In my conversation with the custodian, I described my intent to leverage the property in my SDIRA by eventually taking out the equity in order to purchase another property.  The representative told me that leveraging an existing SDIRA property was not possible.  If I wanted to take the equity out, I would need to sell the property in order to realize the equity and then by a new property.

Is this true?  I can't seem to find much on the internet in this area and hopefully there are some folks here that can help with this question.

Thanks, Jeff