Seeking Lender for HELOC Against Properties in Self-Directed Roth IRA

[Daniel Desrosiers]

I have two investment properties within my self-directed Roth IRA that I would like to take out a home equity line of credit (HELOC) against. However, my current bank will not do this, as their HELOC products require a personal guarantee which would be a prohibited transaction in an IRA.

I am looking for recommendations on lenders that provide HELOCs for investment properties owned within a self-directed IRA, and do not require a personal guarantee or other provisions that would create a prohibited transaction.

Has anyone had experience finding a lender willing to work with self-directed IRA rules and offer a HELOC or any LOC product without a personal guarantee? What type of lender did you use (small local bank, credit union, non-bank lender, etc.)?

I have a good amount of equity in the properties so I believe there has to be a lender out there who will do this type of HELOC for self-directed IRAs, I just need help finding them. Any referrals or tips would be greatly appreciated!