How Private Lending Transactions Are Processed With Your Self-Directed IRA

• Research the Borrower: Evaluate the borrower, proposed loan terms, collateral (if applicable), and potential risks. Establish the loan terms and conduct your own due diligence.
• Complete & Submit Purchase Instructions: Complete and sign the applicable Mountain West IRA Purchase Kit (Direction of Investment). Review the promissory note and supporting loan documents, marking applicable documents "Read and Approved" with your signature and date before submitting them to Mountain West IRA. The promissory note must identify your IRA as the lender. Do not sign where a lender's signature is required, as Mountain West IRA signs on behalf of the IRA.
  ‍Transactions Department
  Phone: 208-510-0859
  Email: transactions@mwira.com
• Administrative Review & Authorization: Mountain West IRA reviews the submitted documentation for administrative requirements and coordinates any necessary corrections or additional information. Once requirements are satisfied, an authorized signer executes applicable documents on behalf of the IRA.
• Fund the Loan: Submit all required, complete, and correct documentation at least three business days before the requested funding date. Once administrative requirements are satisfied and sufficient IRA funds are available, Mountain West IRA processes the authorized loan funding at the account owner's direction.
• Maintain Your Asset: All principal and interest payments must be deposited directly into the self-directed IRA according to the terms of the promissory note. Applicable loan-related expenses must be paid from IRA funds, and required loan documentation must be maintained in accordance with applicable administrative requirements.