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Updated over 9 years ago, 08/10/2015
Financing for an IRA or soloK
Hello,
I am from Indianapolis, Indiana, and have a need to find out more information on my situation.
I have been buying properties out of my self directed IRA, and I own a few properties. I have one that we are rehabbing and I might need some financing for this home. Does anyone know of a lender, private or Traditional, that would finance a property held in an IRA?
The Ira owns the property free and clear. The Arv is around 120k. Its just outstanding de of Indianapolis. I'm just seeing what my options are, as we have never financed a property owned by our Ira? LTV doesn't need to be super high. 60-65% of ARV would be fine. This would be a refinance or Equity Line. Looking for a loan for 12-18 months possibly.
Thank you, and God bless,
Brett