(833) 510-4189If none of the above apply to you, you’re in position to supercharge your self-directed IRA through fractional ownership and non-recourse lending. Here are some of the green lights to look for:
Uncover the essential non-recourse loan terms, rates, and requirements, including Loan-to-Value ratios, minimum and maximum loan amounts, and IRA Cash Balance stipulations, to help you make informed financial decisions.
10-year term/25-year amortization
Fixed Interest Rate
LTV: 50%-70% (Appraisal Required)
Minimum Loan Amount: $50,000
Maximum Loan Amount: $500,000
Maximum Exposure to Any One Borrower: 5 Loans or $1.5 million
Debt-Service Coverage Ratio (DSCR): 1.20% – 1.25%
IRA Cash Balance: 6 Months of P & I to be maintained inside the IRA for the life of the loan, measured each January 15th
Origination Fee: 1% of Loan Amount
Underwriting Fee: $485.00
Processing Fee: $410.00
* Plus standard closing costs: Lender title insurance, government transfer fees and recording costs, appraisal, flood certification, property insurance.
Prepayment Penalty: 3, 2, 1, 1
| If Paid Off In … | Pre-Payment Fee Will Be … |
|---|---|
| 0-12 Months | 3% fee |
| 13-24 Months | 2% fee |
| 25-36 Months | 1% fee |
| 37-48 Months | 1% fee |
IRA Power Loans provides a versatile non-recourse loan financing solution that accommodates a wide range of family property types, ensuring flexibility and accessibility for borrowers. You can secure financing for diverse real estate, such as single-family detached homes, duplexes, triplexes, and even 4-plexes, offering you a comprehensive array of options to meet your investment or homeownership needs. All eligible properties must have at least 900 square feet per unit.
Properties that are not eligible for non-recourse financing through IRA Power Loan are those situated on extensive residential acreages, undeveloped land, farms, manufactured or log homes, condos or condo-hotels, housing cooperatives (co-ops), time shares, hotels, assisted living facilities designed for seniors, non-franchise restaurants, entertainment properties, and mini-storage facilities.
If none of the above apply to you, you’re in position to supercharge your self-directed IRA through fractional ownership and non-recourse lending. Here are some of the green lights to look for:
Contact the team at IRA Power Loans* to discuss your situation further and to start your process!
