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BlueM Holdings, LLC #4563 | UTAH – FUNDED

First Trust Deed collateralized by a fully developed home in Salt Lake City, Utah (approximately 3 miles northwest of downtown Salt Lake City, UT). Since acquiring the property, the borrower has completed the demo work and has started “roughing in” the electrical work. Work is scheduled to continue to progress and it is anticipated that the borrower will finish the work in the next 100 days at which point they will sell the home. The home is a three-bedroom, one and a half bath home covering 1,576 square feet and was built in 1907. Loan Amount: $220,000 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: Six months with a six-month extension.

BlueM Holdings, LLC #4562 | UTAH – FUNDED

First Trust Deed collateralized by a fully developed home in Tooele, Utah (approximately 35 miles southwest of Salt Lake City, UT). Since acquiring the property, the borrower worked with the city to obtain construction permits. Although demo has yet to begin, it is scheduled to start shortly. It is anticipated that the borrower will finish the work in the next 120 days at which point they will sell the home. The home is a one-bedroom, one bath home covering 803 square feet and was built in 1943. Loan Amount: $125,000 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: Six months with a six-month extension.

BlueM Holdings, LLC #4561 | UTAH – FUNDED

First Trust Deed collateralized by a fully developed home in Magna, Utah (approximately 14 miles west of Salt Lake City, UT). Since acquiring the property, the borrower has completed most of the demo work and now are awaiting final building permits to complete the rehab of the property. It is anticipated that the borrower will finish the work in the next 120 days at which point they will sell the home. The home is a two-bedroom, one bath home covering 776 square feet and was built in 1918. Loan Amount: $149,000 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: Six months with a six-month extension.

Cyan Circle Townhomes, LLC #4560 | COLORADO – FUNDED

The collateral for this loan consists of 29 mostly finished townhome lots located in Castle Rock, CO (approximately 28 miles south of Denver, CO). These 29 lots represent the third and final phase of a Lokal Homes community known as Forty on Meadows. The previous forty townhomes have been built and sold to end users. For this third and final phase, Lokal Homes will be building the six-building community as a for rent apartment community. It is anticipated the borrower will utilize HUD financing for the take-out financing once construction is completed. Rents for each of the 1,400 square foot, two bedrooms, two and a half bathroom units will go for $1,975. Each of the finished units are valued at about $400,000 per unit. Loan Amount: $1,500,000 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.

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

Harmony461, LLC #4559 | NEVADA – FUNDED

First Trust Deed collateralized by 19 approximately 0.08 acre mapped 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 the fourth quarter of 2018. Loan Amount: $931,000 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.

Lake Las Vegas 24, LLC #4558 | NEVADA – FUNDED

First Trust Deed collateralized by three finished townhome lots located in the Vita Bella Community in Lake Las Vegas which is approximately 19 miles east of Las Vegas, Nevada. Within this 79-unit community, there are 24 remaining lots that are unsold (at the time of acquisition by the borrower in December of 2017). Since acquiring the property, the borrower worked with the city to get the building plans reapproved based on the new building codes. Existing homes in the community have sold between about $270,000 and $465,000 in 2017 and 2018. New homes are expected to sell for an average of $430,000 per unit. Although it is typical to see a premium sales price on new homes, it is the borrower’s goal to “undercut” the market to sell units more quickly. Construction on this six-unit building began in July of 2018. Loan Amount: $1,560,000 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: 9 months with one optional nine-month extension period at maturity.

Lake Las Vegas 24, LLC #4557 | NEVADA – FUNDED

First Trust Deed collateralized by three finished townhome lots located in the Vita Bella Community in Lake Las Vegas which is approximately 19 miles east of Las Vegas, Nevada. Within this 79-unit community, there are 24 remaining lots that are unsold. Since acquiring the property in December of 2017, the borrower has been working with the city to get the building plans reapproved based on the new building codes. Existing homes in the community have sold between about $270,000 and $465,000 in 2017 and 2018. New homes are expected to sell for an average of $409,000 per unit. Although it is typical to see a premium sales price on new homes, it is the borrower’s goal to “undercut” the market to sell units more quickly. Construction on this three-unit building began in April of 2018. Loan Amount: $780,000 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: 9 months with one optional nine-month extension period at maturity.

Harmony Homes Nevada, LLC. #4556 – NEVADA – FUNDED

First Trust Deed collateralized by 4.79 net acres of residentially zoned land near the corner of Tropicana Ave and Boulder Hwy in Las Vegas, NV (approximately 10 miles from downtown Las Vegas). Since putting the property under contract in January of 2018, the borrower has successfully obtained approval of a tentative map allowing for the development of a 43-lot subdivision. The lots are roughly 0.6 acres in size which conform to the zoning of surrounding communities. It is anticipated that the borrower will begin development work during the fourth quarter of 2018, complete development in the spring of 2019, and begin selling homes in the summer of 2019. Homes are anticipated to sell between $180,000 and $230,000. Loan Amount: $650,000 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 #4555 | 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 90% complete. It is anticipated that the borrower will be completely done with the development in October and have already begun construction of the model complex. Home sales should commence in late 2018 with an average sales price of $290,000 and an average size of 1,700 square feet. Loan Amount: $471,000 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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