Prohibited transaction question

[CassandraS]

I am doing some research and would appreciate some guidance.

Summary

Two IRA owners want their management company to be owned by their IRAs.

This is a construction management company, and the construction loan requires a personal guarantee.

This loan will eventually rollover into a nonrecourse loan.

Generally, an IRA owner cannot guarantee his IRA’s debt.

Question: Is there any exception or provision that would allow the investment, without resulting in a prohibited transaction.

[CassandraS]

Duplicate- please respond here http://benefitslink.com/boards/index.php?/topic/54950-prohibited-transaction-question/ .

Thanks

[Jim Chad]

I have never heard of an exception that would help them. FWIW