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So far Izzy has created 220 blog entries.

SR Decatur Apts, LLC #6253 | NEVADA – FUNDED

The collateral for this loan is a 5.33 gross acre parcel of land that has been approved for multi-family use of up to 191 total units. Located on North Decatur, the property is about five miles Northwest of downtown Las Vegas, NV. Since acquiring the site in 2019, the borrower worked with the appropriate government officials to get the zoning changed to C-1, Limited Commercial District which will allow for apartments to be constructed. Given the good visibility to the North and West of the property, apartments should have an easy time leasing. Master Loan Amount: $3,400,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. *For investments equal to or greater than $100,000 investors will earn 10.5%. Term: Nine months with an optional nine-month extension at maturity. Final maturity date is 11/7/25.

By |May 6th, 2024|Funded Investments|Comments Off on SR Decatur Apts, LLC #6253 | NEVADA – FUNDED
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1759 Harpsichord Way, LLC #6231-#6232 | NEVADA – FUNDED

The collateral for this loan is two finished residential lots in Henderson, NV which is about 20 miles southeast of downtown Las Vegas, NV in the Lake Las Vegas master planned community. The lots are about three blocks away from each other and average about a quarter in size respectively. The floor plans for each are mirror images of one another which will total 3,820 S.F. of total living area. These modernly designed homes will feature four bedrooms and four and a half bathrooms with a three-car attached garage. Included in the budgets is an extensive pool and landscaping package to give the buyer what should be a “turnkey” type of purchase. Upgraded Thermador appliances in the gourmet kitchen, built in security and speakers, and a free-standing tub in the master to name a few of the many upgrades. It is anticipated the home will be sold prior to the home being completed, which has been the standard protocol for this builder. Master Loan Amount: $2,500,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. *For investments equal to or greater than $100,000 investors will earn 10.5%.

By |April 29th, 2024|Funded Investments|Comments Off on 1759 Harpsichord Way, LLC #6231-#6232 | NEVADA – FUNDED
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Chicks Dig Scars, LLC #6208 | NEVADA – FUNDED

The collateral for this loan is a 1.13 acre parcel of land located in the “Arts District” of Las Vegas, Nevada. The Arts District has seen an enormous amount of revitalization after large capital infusions in the area have completely changed the overall dynamics. The 32,000 square foot building was originally constructed in the 1950’s for Mission Linen Supply company which provided uniforms for the casinos throughout the 20th century. The plan of the borrower is to preserve the historical aesthetic of the building by bringing in three synergistic tenants to the area. Half of the space will be occupied by the Evel Knievel Museum which will become the flagship Evel Knievel experience and museum. The other half of the property will be occupied by a pizza tenant and a café. Over the next 12 months, the borrower anticipates spending nearly $10M prior to closing on a construction loan. Total project costs are expected to be $19.5M. A small portion of the 1.13 acres will be released from this collateral once a parcel split has been completed. This will result in no money coming back to the investors, but the BPO shown herein already takes that into account. Loan Amount:

By |March 12th, 2024|Funded Investments|Comments Off on Chicks Dig Scars, LLC #6208 | NEVADA – FUNDED
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Rhino Holdings Nampa, LLC #6203 | IDAHO – FUNDED

The collateral for this loan is an approximately 107,000 square foot building that is part of the District 208 Shopping Center, formally known as the Karcher Mall in Nampa, ID (approximately 22 miles west of downtown Boise, ID). Since acquiring the nearly 400,000 square foot indoor mall back in 2019, this space is the last piece of the puzzle that remains. The borrower demolished about 25% of the entire mall, added a few outparcels, and is turning the excess parking in the back of the shopping center into apartment buildings. While the apartments are not part of this collateral, the completion of them is paramount to getting this last parcel leased. Now that the apartments are almost complete, a tenant has signed a new lease. The new lease will commence after the apartments and tenant improvements have been completed. This completion is anticipated to be in August of this year. The tenant is a discount store and warehouse based in Pennsylvania who currently has nearly 20 locations. Loan Amount: $8,900,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. *For investments equal to or greater than $100,000

By |March 4th, 2024|Funded Investments|Comments Off on Rhino Holdings Nampa, LLC #6203 | IDAHO – FUNDED
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Three Palms, LLC #6164 | NEVADA – FUNDED

The collateral for this loan is a 0.28 acre finished residential lot in McDonald Ranch which is a luxury, guard gated community in Henderson, NV (a suburb of Las Vegas). The lot was purchased in the middle of 2023 for $1,100,000 and since that time the borrower has been approved to build a custom home working with the city and HOA to get it done. The home will be about 7,168 square feet with an asking sales price north of $8,000,000. This would be the fifth such home the borrower has built in the same community over the past few years. Loan Amount: $3,100,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. *For investments equal to or greater than $100,000 investors will earn 10.5%. Term: Nine months with an optional nine-month extension at maturity. Final maturity date is 7/31/25.

By |February 12th, 2024|Funded Investments|Comments Off on Three Palms, LLC #6164 | NEVADA – FUNDED
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Hillwood Homes at Silver Creek, LLC #6169 | UTAH – FUNDED

First Trust Deed collateralized by four finished lots in Park City, UT. All the grading work for the site has been completed and is ready for the foundation to be poured. Construction permits have already been submitted for each of the nearly 5,000 square foot homes (including partially finished basements). Situated in the Silver Creek Village community that the borrower is currently building in, they have a great understanding of the type of home the market is looking for. Three of the homes are presold and the fourth home won’t be listed for sale until it is approximately 30% complete. Homes in the community average over $1,000,000 each. Master Loan Amount: $3,400,000 Yield: Interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. *For investments equal to or greater than $100,000 investors will earn 10.5%. Term: Nine months with an optional nine-month extension at maturity. Final maturity date is 7/31/25.  

By |February 12th, 2024|Funded Investments|Comments Off on Hillwood Homes at Silver Creek, LLC #6169 | UTAH – FUNDED
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Rhino Holdings Summit, LLC #6165 | NEVADA – FUNDED

The collateral for this loan is part of an approximately 600,000 square foot shopping center known as The Summit Shopping Center in Reno, NV. The specific collateral for this loan is a 20,342 square foot parcel that will have a 2,332 square foot building constructed. The single tenant building is 100% preleased to a national Mexican quick serve restaurant that anticipates opening in July. The property sits off interstate 580 which has over 50,000 cars passing it per day, giving the shopping center great visibility and access. The tenant has signed a new 10-year lease with four five-year options to extend. The tenant is responsible for all costs except the roof and structure which are the landlord’s responsibility with makes this a true triple net lease. Loan Amount: $2,628,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. *For investments equal to or greater than $100,000 investors will earn 10.5% Term: Nine months. Final maturity date is 10/29/2024

By |February 1st, 2024|Funded Investments|Comments Off on Rhino Holdings Summit, LLC #6165 | NEVADA – FUNDED
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Harmony Homes Nevada, LLC #6144-#6148 – FUNDED

First Trust Deed collateralized by 29 finished townhome lots that was once roughly 1.44 acres of residentially zoned land near the corner of Vegas Dr and N Rancho Dr. This community is roughly five miles northwest of downtown Las Vegas. The land was zoned R-2 which allowed for the development of 34 homes on the site, but the borrower worked with the city to approve a 248-lot community. Since acquiring the site about five years ago, the borrower has continued to work with the city to approve the 248- lot community as depicted on the next page. Home sales have already begun, averaging $330,000 and 1,300 square feet in size, it is anticipated the borrower will be sold out of the community by the middle of 2024. Master Loan Amount: $1,522,500 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10- day grace period. *For investments equal to or greater than $100,000 investors will earn 10.5%. Term: Nine months with an optional nine-month extension at maturity. Final maturity date is 7/23/25.

By |January 16th, 2024|Funded Investments|Comments Off on Harmony Homes Nevada, LLC #6144-#6148 – FUNDED
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Harmony Homes Nevada, LLC #6128-#6142 | NEVADA – FUNDED

First Trust Deed collateralized by 98 finished residential lots in the Cadence Master Planned Community near the corner of Grand Cadence Drive and Sunset Road in Henderson, NV (roughly 15 miles southeast of downtown Las Vegas). This is the second phase of the larger 150 lot community that the borrower is actively selling in. This is the third community in this area the borrower has done with the exact same floor plans. With plans ranging from 1121 -1711 square feet and price points of under $350,000, these townhomes will help fill the demand for the entry level buyer. The first phase of the community continues to sell homes even in this post COVID era where home sales have slowed. Master Loan Amount: $4,018,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10- day grace period. *For investments equal to or greater than $100,000 investors will earn 10.5% Term: Nine months with an optional nine-month extension at maturity. Final maturity date is 7/23/25.

By |January 16th, 2024|Funded Investments|Comments Off on Harmony Homes Nevada, LLC #6128-#6142 | NEVADA – FUNDED
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Lokal Communities, LLC #6112-6126 – FUNDED

The collateral of this loan consists of 3-story urban style townhomes located about 15 miles from Colorado Springs Airport. Most of the homes constructed have been sold already with less than 20 remaining available for sale. Townhomes in the community range from 1,238 to 2,157 square feet and are selling anywhere from $399,990 to $539,990. The floor plans for the collateral of this loan are shown on the next page. The three different types of units consist of three- and four-bedroom units with 2.5 or 3.5 bathrooms. The community known as The Vistas at West is surrounded by countless outdoor activities and recreation, as well as fine dining and entertainment. Each of the units has a one-car garage included. The borrower currently anticipates completely selling out of the units by the end of summer. Master Loan Amount: $6,143,000 Yield: 12% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. Term: Nine months with an optional nine-month extension at maturity. Final maturity date is 7/9/25.

By |January 9th, 2024|Funded Investments|Comments Off on Lokal Communities, LLC #6112-6126 – FUNDED
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Ignite Funding, LLC | 6700 Via Austi Parkway, Suite 300, Las Vegas, NV 89119 | P 702.739.9053 | T 702.919.4281 | F 702.922.6700 | NVMBL #311 | AZ CMB-0932150 | | Money invested through a mortgage broker is not guaranteed to earn any interest and is not insured. Prior to investing, investors must be provided applicable disclosure documents.
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