Solo 401k: Qualifying for a non-recourse loan
How to qualify for non-recourse loan to Solo 401k
- Lenders won't look at income/employment or Solo 401k trustee/participant.
- Decision isn't based on credit.
- The loan doesn't show up under social security # of Solo 401k trustee/participant but the EIN # of Solo 401k on title.
- Loan decision is based on the collateral (property), cash flow and Solo 401k reserves.
- Property being purchased by Solo 401k must be in satisfactory condition at time of closing.
Additional Information
Solo 401k Real Estate
Non-Recourse Loan
Tenants in common (TIC) Scenario
Non-recourse loan criteria
- Lenders won't look at income/employment or Solo 401k trustee/participant.
- Decision isn't based on credit.
- The loan doesn't show up under social security # of Solo 401k trustee/participant but the EIN # of Solo 401k on title.
- Loan decision is based on the collateral (property), cash flow and Solo 401k reserves.
- Property being purchased by Solo 401k must be in satisfactory condition at time of closing.
Additional Information
Solo 401k Real Estate
Non-Recourse Loan
Tenants in common (TIC) Scenario
Non-recourse loan criteria