Frequently Asked Questions
CAN I USE MY SELF-DIRECTED IRA?
Yes. This investment provides investors with a way to put to use their self-directed traditional IRA or Roth IRA. We can recommend several custodian companies that handle the paperwork and hold your IRA while the funds are invested with us.
IS THERE A MINIMUM INVESTMENT?
The minimum investment is currently $50,000 and is subject to change.
HOW DO I WITHDRAW MY INVESTMENT?
Your principal is automatically returned to your funding account upon the maturity of your Note. You have the option to reinvest your principal if additional investment opportunities are available.
WHAT IS AN “UNSECURED” NOTE?
“Unsecured” means that, for making a loan to Norada Capital Management as set forth in the Promissory Note, the Investor does not receive any collateral in any of the company’s properties or other assets. The Investor simply receives the company’s written, legally enforceable promise to repay the Investor, and pay the Investor interest.
HOW DO I INVEST?
Once you’re ready, complete the form to schedule a call or request a copy of the Promissory Note.
WHAT IS A PROMISSORY NOTE?
A Promissory Note is a written, legally enforceable agreement to pay you interest at a specific rate and frequency and repay your principal (the original amount that you invest) on a specific date.
WHAT FEES DO YOU CHARGE?
Norada Capital Management does not charge management or servicing fees of any kind. It earns a profit from the business loans it originates to approved businesses and real estate opportunities.
WHAT TAX FORMS ARE PROVIDED?
Norada Capital Management provides Investors with an IRS Form 1099 annually every January.
CAN ANYONE INVEST?
You need to be an accredited investor as defined by the SEC under Rule 501.
WHAT IF I HAVE MORE QUESTIONS?
Deciding what to do with your money is hard. The world of finance, with all its insider language, doesn’t make it any easier. Contact us for more information or a no-obligation conversation.