Use the notification and guidance messages in your Forge Trust Customer Portal to make maintaining asset valuations and your Self-Directed IRA easier.

Reminder: Visit our Contact Us and Forms pages for our updated address and deposit instructions for Tri-Counties Bank. Notify any third parties who make payments to your IRA of these changes.

Don’t forget to submit your 2023 distribution request by Dec 10. This ensures we can process it by Dec 29. You can submit it online, by mail, or by fax. Thank you for choosing Forge Trust.

Don't miss the Dec 11th deadline for property taxes! Forge Trust needs your deposit to post by Dec 8th.  Please send a wire, cashier check, or money order to avoid posting delays.

Forge Trust
Offerings
Customers
About
Learn
Forms
Contact
Client Log In
Client Portal Log In
Open an Account

Use the notification and guidance messages in your Forge Trust Customer Portal to make maintaining asset valuations and your Self-Directed IRA easier.

Reminder: Visit our Contact Us and Forms pages for our updated address and deposit instructions for Tri-Counties Bank. Notify any third parties who make payments to your IRA of these changes.

Don’t forget to submit your 2023 distribution request by Dec 10. This ensures we can process it by Dec 29. You can submit it online, by mail, or by fax. Thank you for choosing Forge Trust.

Don't miss the Dec 11th deadline for property taxes! Forge Trust needs your deposit to post by Dec 8th.  Please send a wire, cashier check, or money order to avoid posting delays.

Promissory Notes & Trust Deeds IRA

Did you ever think that your IRA could lend money?

Self-directed IRA owners are permitted to lend money from their IRA or use IRA funds to invest in promissory notes, trust deeds and mortgages notes. Loans may be made directly with the borrower or obtained from licensed note brokers or online loan marketplaces.

Promissory Notes

This “promise to pay” is a signed legally binding contract between a borrower and your IRA and includes very specific terms.

It is the responsibility of the IRA account owner and the borrower to determine the terms of the loan including duration, interest, payment schedule and collateral, if any. If purchasing existing loans from a note broker, the IRA owner selects the note and completes the paperwork provided by the note broker. The custodian is then provided with an Investment Direction and all documents related to the loan in order to deliver funds to the borrower.

Principal and interest payments must be paid directly to the custodian for deposit to the IRA account unless a third party note servicer is employed. In this case, the note servicer will receive the loan payment and send net proceeds to the custodian for deposit to the IRA account.

There are two types of Promissory Notes:

1. Notes secured by non-real estate

This type of promissory note is backed by collateral. In the event the borrower does not pay back the loan, the lender receives the collateral in lieu of payment.

2. Notes that are unsecured

This type of promissory note is not backed by collateral. In the event of default, the lender has no recourse but to take legal action against the borrower.

There are some specific prohibited transactions

When considering note investments the IRA account owner should remember that the following are prohibited:

  • Borrowing money from your IRA
  • Lending IRA money to a family member or other disqualified person
  • Using IRA funds as collateral for a loan
  • Lending IRA funds to an entity in which you are a highly compensated employee, controlling member or 50%+ owner

We always recommend consulting with a tax professional prior to directing any alternative investment.

Investment Document Requirements

When you are ready to make your investment purchase there are certain investment supporting documents which you are required to submit. It's important that all documentation is received simultaneously by us along with your investment authorization so as not to cause any delay in processing. Please pre-review investment document requirements here.

Open an Account

Start Now
Important Notice:

We’re moving!

Starting December 12th, Forge Trust will have a new physical AND mailing address. Our new addresses can be found here and is on all our forms. Please use this information when mailing anything to Forge Trust to avoid delays. Mail sent to our previous addresses will temporarily be forwarded.

Forge Trust has new Banking Information that can be found on our Delivery Information Page. Please notify any 3rd party making payments to your IRA (i.e. Issuers, Borrowers, Renters, etc.) of these new deposit instructions.