Non-recourse loan on SDIRA and partnering with oneself

[Andy Wolfe]

Hi,

I've run into a sticky situation and would appreciate advise.

I have about $140,000 in my SDIRA at the moment (actually I haven't rolled in the money just yet but that is what the balance will be).

I have found a property for $300,000 that I want to buy using my SDIRA money and by getting a non-recourse loan.

The non-recourse loan lender has advised me that I need a sum of $170,000 in my IRA to qualify for a property worth $300,000.

Since I don't have the required amount the lender has advised me that I can "partner with myself" or something like that. I'm trying to find out more details but I think they're saying something like:

That I could buy the property say:
1. 33% owned by me personally (or by an LLC I own)
with me arranging $100,000
for example can I get my parents to give me a non-recourse loan for $100,000?
2. 67% owned by my IRA
with my IRA contributing $100,000
with the lender contributing $100,00

Is something like this possible and strictly legal or is this in the grey area?
is there a name or this arrangement?
Any links or references to this would be much appreciated.

Thanks.