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So far Izzy has created 94 blog entries.

Harmony Homes Nevada, LLC #4581 | NEVADA – FUNDED

First Trust Deed collateralized by 8.08 net acres of land located near the Southeast corner of Lawrence St and Hammer Lane in North Las Vegas, NV (roughly six miles north of Las Vegas, NV). The community is well located near shops and amenities for potential homeowners. This parcel of land is going to piggyback off Harmony’s other community adjacent to this one, known as the Northridge Community. Northridge is about 20% completed and consists of 119 homes that average 1,700 square feet and are selling for an average of $290,000. This new community will consist of the same size homes and will sell for the same amount. It is anticipated that the borrower will begin the development in late summer and begin selling homes in this community late in 2019. Loan Amount: $1,508,000 Yield: 10.25% (Principal Balance ≥ $100,000); 10.00% (Principal Balance < $100,000) Interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. Term: 6 months with one optional 6-month extension period at maturity.

Rhino Holdings Olympia, LLC #4580 | WASHINGTON – FUNDED

First Trust Deed collateralized by an approximately 68,000 square foot retail building in Olympia, WA (about 67 miles southwest of Seattle, WA). Current tenants in this strip center include national brands such as Sally Beauty Supply, Jenny Craig, and Ross as well as local companies such as Modern Nails and Liz Hair Design. The property is currently operating at a 53% vacancy however retail vacancy for this market is about 10%. Given this property has more vacancy than the surrounding properties, it is the borrower’s intent to lease up the remaining space before he puts the property on the market for sale. In addition to this asset, the borrower is acquiring two adjacent retail centers that total 167,000 square feet of space over nearly 15 acres of land. After acquisition of the entire project, the borrower will begin to sell each of the buildings individually, unlocking additional value by selling smaller parcels. Loan Amount: $3,127,000 Yield: 10.25% (Principal Balance ≥ $100,000); 10.00% (Principal Balance < $100,000) 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 period at maturity.

Rhino Holdings Olympia, LLC #4579 | WASHINGTON – FUNDED

**EXCLUSIVELY FOR CURRENT IGNITE FUNDING CLIENTS** First Trust Deed collateralized by an approximately 3,900 square foot retail building in Olympia, WA (about 67 miles southwest of Seattle, WA). This single-tenant building is the only outparcel of a larger 68,000 square foot retail center. The only tenant in this freestanding building is Shari’s Café and Pies which has been occupying the space since 1993. In addition to this asset, the borrower is acquiring two adjacent retail centers that total 167,000 square feet of space over nearly 15 acres of land. After acquisition of the entire project, the borrower will begin to sell each of the buildings individually, unlocking additional value by selling smaller parcels. Loan Amount: $1,190,000 Yield: 12% Interest is paid monthly in arrears with payments due on the 1st of each month with a 10day grace period. Term: Nine months with an optional nine-month extension period at maturity.

Rhino Holdings Olympia, LLC #4578 | WASHINGTON – FUNDED

**EXCLUSIVELY FOR CURRENT IGNITE FUNDING CLIENTS** First Trust Deed collateralized by an approximately 4,000 square foot retail building in Olympia, WA (about 67 miles southwest of Seattle, WA). This single-tenant building is one of three outparcels of a larger 99,600 square foot retail center. The only tenant in this freestanding building is FedEx Office which has been occupying the space since 1990. In addition to this asset, the borrower is acquiring two adjacent retail centers that total 167,000 square feet of space over nearly 15 acres of land. After acquisition of the entire project, the borrower will begin to sell each of the buildings individually, unlocking additional value by selling smaller parcels. Loan Amount: $1,450,000 Yield: 12% Interest is paid monthly in arrears with payments due on the 1st of each month with a 10day grace period. Term: Nine months with an optional nine-month extension period at maturity.

Rhino Holdings Olympia, LLC #4577 | WASHINGTON – FUNDED

**EXCLUSIVELY FOR CURRENT IGNITE FUNDING CLIENTS** First Trust Deed collateralized by an approximately 5,000 square foot retail building in Olympia, WA (about 67 miles southwest of Seattle, WA). This single-tenant building is one of three outparcels of a larger 99,600 square foot retail center. The only tenant in this freestanding building is Izzy’s Pizza which has been occupying the space since 1989. In addition to this asset, the borrower is acquiring two adjacent retail centers that total 167,000 square feet of space over nearly 15 acres of land. After acquisition of the entire project, the borrower will begin to sell each of the buildings individually, unlocking additional value by selling smaller parcels. Loan Amount: $1,710,000 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 period at maturity.

Rhino Holdings Olympia, LLC #4576 | WASHINGTON – FUNDED

**EXCLUSIVELY FOR CURRENT IGNITE FUNDING CLIENTS** First Trust Deed collateralized by an approximately 3,200 square foot retail building in Olympia, WA (about 67 miles southwest of Seattle, WA). This single-tenant building is one of three outparcels of a larger 99,600 square foot retail center. The only tenant in this freestanding building is Dairy Queen which has been occupying the space since 2005. In addition to this asset, the borrower is acquiring two adjacent retail centers that total 167,000 square feet of space over nearly 15 acres of land. After acquisition of the entire project, the borrower will begin to sell each of the buildings individually, unlocking additional value by selling smaller parcels. Loan Amount: $1,180,000 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 period at maturity.

Rhino Holdings Olympia, LLC #4575 | WASHINGTON – FUNDED

First Trust Deed collateralized by an approximately 87,000 square foot retail building in Olympia, WA (about 67 miles southwest of Seattle, WA). Current tenants in this strip center include national brands such as Subway and Albertson’s as well as local companies such as Spin City Laundry, Capital Nails, and Yukio’s Teriyaki.  The property is currently operating at a 23% vacancy however retail vacancy for this market is about 10%. Given this property has more vacancy than the surrounding properties, it is the borrower’s intent to lease up the remaining space before he puts the property on the market for sale. In addition to this asset, the borrower is acquiring two adjacent retail centers that total 167,000 square feet of space over nearly 15 acres of land. After acquisition of the entire project, the borrower will begin to sell each of the buildings individually, unlocking additional value by selling smaller parcels. Loan Amount: $5,698,000 Yield: 10.25% (Principal Balance ≥ $100,000); 10.00% (Principal Balance < $100,000) Interest is paid monthly in arrears with payments due on the 1st of each month with a 10day grace period. Term: Nine months with an optional nine-month extension period at maturity.

Investor Equity Homes, LLC #4574 – NEVADA – FUNDED

First Trust Deed collateralized by a 1.93-acre parcel of land that was zoned R-E which allowed for two units per acre. Since acquiring the site in August of 2018, the borrower has successfully up-zoned the property to RH which will allow up to 18 units per acre. The borrower currently owns the 2.5 acres to the south and the 2.5 acres to the west that he is working with the city to obtain a tentative map. A tentative map, once approved, would allow for the construction of nearly 100 residential units over all three parcels of land. The borrower was once one of the largest land owners in this area of town but has sold most of his land holdings to various national homebuilders. Loan Amount: $765,000 Yield: 10.25% (Principal Balance ≥ $100,000); 10.00% (Principal Balance < $100,000) 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.  

Harmony461, LLC #4573 | NEVADA – FUNDED

First Trust Deed collateralized by 20 approximately 0.08 acre fully completed residential lots located in the Northridge community in North Las Vegas, Nevada.  This community comes on the heels of the borrower selling out of the 100-lot community kitty-corner to this one as well as the 93-lot community directly to the east of the community. Since the borrower has sold out of both the existing communities over the past few years, the borrower knows exactly what the homebuyers in the area want in the form of floor plans and price points. With that said, this 119 lot community known as Northridge will have an average sales price of $280,000 and average 2,300 square feet in size. It is anticipated the borrower will begin closing homes in the community in December of 2018. Loan Amount: $940,000 Yield: 10.25% (Principal Balance ≥ $100,000); 10.00% (Principal Balance < $100,000) Interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. Term: 6 months with one optional 6-month extension period at maturity.

Harmony Homes Nevada, LLC #4572 | NEVADA – FUNDED

First Trust Deed collateralized by 41 mostly finished residential lots located near the Northwest corner of North Commerce Street and West Gowan Road in North Las Vegas, NV (roughly six miles north of Las Vegas, NV). The community is well located near shops and amenities for potential homeowners. Since acquiring the site in September of 2017, the borrower has successfully worked with the city to get approval for the 81-lot community. In addition, the borrower has begun the development work on the site and is about 80% complete with the entire community. It is anticipated that the borrower will be completely done with the development in January at which point they will begin selling out of the model home complex. Home sales should commence in early 2019 with an average sales price of $290,000 and an average size of 1,700 square feet. Loan Amount: $1,861,000 Yield: 10.25% (Principal Balance ≥ $100,000); 10.00% (Principal Balance < $100,000) Interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. Term: 6 months with one optional 6-month extension period at maturity.

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