Izzy, Author at Ignite Funding

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Harmony Horizon Ridge, LLC #4650 | NEVADA – FUNDED

Harmony Horizon Ridge, LLC #4650 | NEVADA – FUNDED

First Trust Deed collateralized by 76 partially finished residential lots near the corner of Horizon Ridge Pkwy and Horizon Dr in Henderson, NV (approximately 17 miles southeast of downtown Las Vegas). Since acquiring the property in November of 2018, the borrower has successfully obtained approval for the development of a 154-lot subdivision and subsequently completed most of the development work on the first phase of the project (the lots this loan will be encumbering). The lots are roughly 0.05 acres in size which was done to ultimately build townhomes on. Townhomes in the community will range between 1,121-1,711 square feet with three to five bedrooms and up to three baths with an average sales price of $290,000. Loan Amount: $4,600,000 Yield: 10.5% (Principal Balance ≥ $100,000); 10.0% (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.

By Izzy|April 16th, 2020|Funded Investments|0 Comments

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Lokal Communities, LLC #4649 | COLORADO – FUNDED

Lokal Communities, LLC #4649 | COLORADO – FUNDED

The collateral for this loan consists of 22 developed townhome lots located in Colorado Springs, CO (approximately 61 miles south of Denver, CO). These 22 lots are part of a larger 221 lot community know as Victory Ridge which the borrower acquired part of about a year ago. Townhomes will average 1,500 square feet in size with an anticipated sales prices averaging $330,000. All of the lots encumbered by this loan have partially built homes on them that are about 50% complete and will be finished by July. Lokal Homes has the option to purchase the remaining lots within Victory Ridge and are slated to do so in the coming months. Directly to the north of the property is a newly opened Icon Cinema in a growing “Interquest corridor”. Loan Amount: $6,000,000 Yield: 10.5% (Principal Balance ≥ $100,000); 10.0% (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 extensions at maturity.

By Izzy|March 25th, 2020|Funded Investments|0 Comments

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FIG Laguna Farms, LLC #4648 | IDAHO – FUNDED

FIG Laguna Farms, LLC #4648 | IDAHO – FUNDED

The collateral for this loan is nearly 25 acres of land that consists of 312 partially developed townhome lots located in Nampa, ID (approximately 19 miles west of Boise, ID). Most of the 312 units are presold as investment properties to the borrower’s clients. Since acquiring the site, the borrower has completed approximately 80% of the development of the first phase. The individual buyers will pay off this loan as they each acquire construction financing. The first construction loan is expected to be ready in July of 2020 with all the lots expected to be paid off by the end of the year. Loan Amount: $6,400,000 Term: Nine months with an optional nine-month extension at maturity. Yield: 10.5% (Principal Balance ≥ $100,000); 10.0% (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.

By Izzy|March 25th, 2020|Funded Investments|0 Comments

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Rhino Holdings Nampa, LLC #4647 | IDAHO – FUNDED

Rhino Holdings Nampa, LLC #4647 | IDAHO – FUNDED

First Trust Deed collateralized by an approximately 250,000 square foot lifestyle center in Nampa, ID (about 22 miles west of Boise, ID). Current tenants in this mall include national brands such as Big 5 Sporting Goods, Ross Dress for Less, and Jo-Ann Fabric as well as many local tenants. Since acquiring the site in May of 2019, the borrower demolished over 110,000 square feet of indoor shopping area to convert the mall into a regional lifestyle center. Part of the money will pay off the existing loan and part of it will go towards the remaining work that needs to be completed. The money earmarked to complete the site includes money for the parking lot, tenant improvements for on one of the largest remaining vacancies, and an out-parcel needs to be built that is already mostly preleased. The parking lot work will begin immediately while the tenant improvements and outparcel work is not slated to begin for a few weeks. Loan Amount: $13,600,000 Yield: 10.5% (Principal Balance ≥ $100,000); 10.0% (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

By Izzy|March 11th, 2020|Funded Investments|0 Comments

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Mosaic Seven, LLC Loan #4646 | NEVADA – FUNDED

Mosaic Seven, LLC Loan #4646 | NEVADA – FUNDED

First Trust Deed collateralized by a four-acre parcel of land that is currently zoned RE for which would allow the development of 8 residential lots. As it currently stands, the parcel of land has a dilapidated home that will need to be torn down when the development work begins. It is anticipated the property will be up zoned later to RS-8 which would allow the development of 25 homes. This area of Las Vegas has recently seen an uptick in land sales as national homebuilders enter this submarket. All the utilities are to the site with adequate capacity for the proposed increase in density. Loan Amount: $2,200,000 Yield: 10.5% (Principal Balance ≥ $100,000); 10.0% (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.

By Izzy|March 9th, 2020|Funded Investments|0 Comments

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Vegas Care Partners, LLC #4645 | NEVADA – FUNDED

Vegas Care Partners, LLC #4645 | NEVADA – FUNDED

First Trust Deed collateralized by a 1.49-acre parcel of commercially zoned land approximately 6 miles east of downtown Las Vegas, Nevada. Since acquiring the site in June of 2018, the borrower has successfully worked with the city to obtain the proper approvals for the development, and ultimate construction of the behavior health facility. The facility will have 24 client units with a total of 44 rentable beds covering just over 16,000 square feet. It is anticipated the facility will be completed and operational by the end of 2020. Once the building is operational, it will be managed by ERS1 Management who is led by Ron Stewart. The management team has a combined experience in the senior healthcare arena of over 150 years Loan Amount: $6,800,000 Yield: 10.5% (Principal Balance ≥ $100,000); 10.0% (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: 9 months with one optional 9-month extension period at maturity.

By Izzy|February 25th, 2020|Funded Investments|0 Comments

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Harmony Homes Nevada, LLC #4644 | NEVADA – FUNDED

Harmony Homes Nevada, LLC #4644 | NEVADA – FUNDED

First Trust Deed collateralized by 43 mostly finished residential lots near the corner of Tropicana Ave and Boulder Hwy in Las Vegas, NV (approximately 10 miles from downtown Las Vegas). Since acquiring the property in September of 2018, the borrower has successfully obtained approval for the development of a 43-lot subdivision and subsequently completed 90% of the development work. The lots are roughly 0.6 acres in size which conforms to that of the surrounding communities. Although the grand opening of this project isn’t until mid-March 2020, the borrower has begun preselling the community and has already completed the construction of four model homes. Homes are anticipated to sell between $200,000 and $260,000 with square footages ranging from 1106 square feet to 1597 square feet. Loan Amount: $2,225,000 Yield: 10.5% (Principal Balance ≥ $100,000); 10.0% (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: 9 months with one optional 6-month extension period at maturity.

By Izzy|February 24th, 2020|Funded Investments|0 Comments

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ME 52 Partners, LLC #4643 | NEVADA – FUNDED

ME 52 Partners, LLC #4643 | NEVADA – FUNDED

First Trust Deed collateralized by five acres of land which is approximately 18 miles southwest of downtown Las Vegas, NV. The buyer is also under contract to acquire the five acres directly to the south of this property as well (not part of the collateral of this loan). It is the intent of the borrower to finish the entitlement process to enable 55 attached townhomes to be constructed on this site. The zoning for the site directly to the south of this project has already been granted this same zoning, so the real question is when the zoning will be approved? It is anticipated the zoning change will be completed in late summer of 2020 and the tentative map concurrently approved. Once the tentative map is approved and the grading permit is ready, it is the intent of the borrower to pay off the loan. Loan Amount: $1,750,000 Yield: 10.5% (Principal Balance ≥ $100,000); 10.0% (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: 9 months with one optional nine-month extension period at maturity.

By Izzy|February 18th, 2020|Funded Investments|0 Comments

Big Red Holdings, LLC #4621| UTAH – FUNDED

The collateral for this loan is approximately 1.3 acres of land located in Draper, UT (approximately 18 miles south of Salt Lake City, UT). Since acquiring the home that sits on the large plot of land about a year ago, the borrower has worked with the city to get approval for a four-lot community. In about two weeks from the funding of this loan, the borrower will begin the demolition and development of the four lots that will average 0.3 acres each. Also included in the loan proceeds is money to build two homes of roughly 4,000 square feet each. The borrower will be asking $950,000 for each of the two homes and nearly $300,000 if someone wanted to buy one of the two finished lots. Loan Amount: $1,773,000 Yield: 10.5% (Principal Balance ≥ $100,000); 10.0% (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 two optional nine-month extensions at maturity.

By Izzy|October 7th, 2019|Funded Investments|0 Comments

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Ignite The Passion of Real Estate Investing

Ignite The Passion of Real Estate Investing

The name is derived from a desire to ignite the passion of real estate investing through an innovative approach that allows investors to take a pro-rata percentage of ownership in collateralized turn-key real estate investments. Ignite Funding fills a lending gap by providing homebuilders and residential and commercial developers a reliable lending source not available through traditional financial institutions. This gap in lending options allows investors an opportunity to participate in real estate investments that offer double-digit annualized returns to build wealth in their retirement portfolio. Ignite Funding continues to prove trust deed investments build communities and wealth for investors with half a billion funded on behalf of its thousands of investors. As a licensed commercial broker, Ignite Funding is the conduit in connecting bankable borrowers with sophisticated investors seeking collateralized real estate investment opportunities. Of the 970 real estate investments provided to 41 borrowers in 11 states, Ignite Funding and their investors have made it possible for the acquisition and development of over 10,000 acres of land, 7,000 residential lots and 600,000 square feet of commercial space. “These statistics make you realize the impact Ignite Funding has made in communities throughout the Western United States, and we could not

By Izzy|October 3rd, 2018|In The News|0 Comments

Izzy

About Izzy