Banks That Will Loan to a Self Directed IRA Non Recourse Loan

[Michael Moikeha]

Hello! 

Bigger Pockets has always been the place to go, and I am looking for some help! At this time, I am not looking for a Mortgage Broker. If any Mortgage Brokers want to point me in the right direction to a bank that would work, feel free, but I also understand if you share your secrets. I just want to be up front with that.

So, has anyone had any success with any particular banks that WILL do a Self Directed IRA non recourse loan? US Bank told us they could. Gave us written acceptance, went through the appraisal process, but then while rounding 3 base, choked. They ended up needing to bring in their outside council, and it turns out they just don't have the experience with this non recourse IRA loans, and backed out. They would happily give the loan to us as individuals, but couldn't do it the way we needed.

If anyone has a bank contact they could connect me with, that would be great. It's a home run, but our window to close has been wasted by being strung along by US Bank. 

Thanks in advance!

EDITED TO ADD - The property is in Oregon State

[Brian Eastman]

@Michael Moikeha

There are three banks that can consistently lend in all 50 states.  The key is that they are lending their own money, not just originating loans for Fannie and Hedge Funds  like the big banks do.

First Western Federal Savings in SD

North American Savings Bank in MO

Titan Bank in TX