cash: Attention ALL Lenders and Financial Planners!
- 04/08/08 03:25 PM
The Define Benefit Plan Dilemma For those of you who know what a Define Benefit Plan is I need your help. I have a client who wants to take $500,000 from his Define Benefit plan and buy 2 properties. He will spend $500,000 for each property and put 50% down in cash on each. A Define Benefit Plan will allow encumbered real estate in the plan as long as the purchase note and trust deed is a non-recourse note. The problem I am having is I can not find a lender who will loan on a Define Benefit Plan. I have found … (2 comments)
The Define Benefit Plan Dilemma
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