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Real Estate Financing Options With a Non-Recourse Loan

Self-directed IRA investors who choose to invest in real estate can leverage their purchase with a non-recourse loan. A non-recourse loan is a secured loan that is backed by a pledge of collateral, typically the property that it is being used to purchase.

Non-recourse loans are often used by IRA owners who wish to purchase real estate but do not have sufficient funds in their IRA to purchase the property outright, or who wish to utilize part of their liquid cash to invest in other assets and use leverage to purchase the property to enable diversification. Keep in mind, the IRA must make all loan payments on a non-recourse loan (the IRA owner may not make them personally).

Interested in learning more about financing a real estate purchase? Our Real Estate Professionals guide, Growing Your Real Estate Business Through Retirement Capital, explains how individual investors can purchase and maintain real estate in retirment accounts.

Not many institutions offer non-recourse lending, but below is a list of non-recourse lenders that may be able to assist you in making your real estate purchase possible*.

Banks Offering Non-Recourse Loans Contact

Opus Bank

Opus IRA Loan Programs – Special non-recourse program for Multifamily and Mobile Home Parks located in Arizona, California, Oregon and Washington.

For additional details see the Opus IRA Loan Programs document.

Edward Padilla
Head of Commercial Lending
Toll-free: (855) 397-0049

North American Savings Bank (NASB)

IRA Lending Department
Toll-free: (866) 735-6272

First Western Federal Savings Bank

Jeff Fullerton
Toll-free: (800) 908-8845


Roger St. Pierre
Toll-free: (800) 908-8845

PENSCO Trust Company does not provide compensation to these or any non-recourse lenders a client chooses to use when purchasing real estate with leverage within their IRA. PENSCO clients or potential clients are advised to perform their own due diligence in choosing a non-recourse lender.