Your self-directed IRA account can now be leveraged with hard money to fund and refinance your Southern California investment properties and rentals. The Norris Group offers non-recourse hard money loans in both our short term rehabber program and long term rental program. This is an incredible opportunity to diversify your IRA without committing all of your IRA funds to one place.
Non-recourse loans are loans in which the benficiary is not held personally liable for financing. These loans use the property as collateral. Self-directed IRA custodians and administrators require leverage held in an IRA to be non recourse. The Norris Group is qualifying the self-directed account as well as the borrower for these loans.See our main hard money loan page for rates.
Talk to your self-directed IRA custodian or administrator to find out more about non-recourse loans in your IRA. Most IRA firms have specific guidelines, minimum holding requirements, and vesting guidelines they want you to follow. It's also extremely important to talk with your financial advisor and/or CPA to fully understand tax ramifications of leverage in your IRA including UBIT (Unrelated Business Taxable Income).
Below is a list of self-directed IRA custodians and administrators we've worked with to provide non-recourse loans to Southern California real estate investors and trust deed investors.
Entrust California
Office in Los Angeles, Orange County,
San Diego,Sacramento, and Oakland
BBB Rating: A
www.entrustcalifornia.com
www.theentrustgroup.com (outside California)
Equity Trust Company
BBB Rating: A+
(888)382-4727
www.trustetc.com
Lincoln Trust (formerly Fiserv)
717 17th Street
Suite 2200
Denver, CO 80202-3331
303-658-3000
800-525-2124
www.lincolntrustco.com
Millennium Trust Company
5962 La Place Court, Ste 255
Carlsbad, CA 92008
Direct Contact: TJ Valenzuela
(760) 438-5170
www.mtrustcompany.com
uDirect
2522 Chambers Road
Suite 100
Tustin, CA 92780
Office: (714) 460-5505
Fax: (714) 460-5506
Toll-Free: (866) 538-3539
www.udirectira.com
Pensco Trust
P.O. Box 26903
San Francisco, CA 94126
(866) 818-4472
BBB Rating: A+
Deals with TNG: Yes
www.penscotrust.com
IRA Services Trust Company
BBB Rating: A+
PO Box 7080
San Carlos, CA 94070-7080
Toll-Free: (800) 248-8447
Fax: (650) 591-2168
www.iraservices.com