Secured and Unsecured Notes
Notes are loans made by a lender. Your self-directed IRA can loan money to a company that promises to repay the note with interest within a specific time period.
Secured notes are backed by collateral, providing the lender assurance of return of the loan amount.
Unsecured notes are not backed by collateral. An unsecured note may be offered by an individual, perhaps a friend or a relative, but in any case they represent higher risk/reward than secured notes.
You will need to talk with your trustee to determine the specifics on lending money through your IRA account.
To learn more about our self directed LLC services, set up an appointment for your free consultation today by calling us at (904) 355-8888 or fill out our online Contact Form and one of our business specialists will call you today.
Secured notes are backed by collateral, providing the lender assurance of return of the loan amount.
Unsecured notes are not backed by collateral. An unsecured note may be offered by an individual, perhaps a friend or a relative, but in any case they represent higher risk/reward than secured notes.
You will need to talk with your trustee to determine the specifics on lending money through your IRA account.
To learn more about our self directed LLC services, set up an appointment for your free consultation today by calling us at (904) 355-8888 or fill out our online Contact Form and one of our business specialists will call you today.
