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Tailor Built Homes , LLC., #4421 – UTAH – FUNDED

First Trust Deed collateralized by a fully developed .3 acre residential lot located in Draper, UT (approximately 19 miles south of downtown Salt Lake City, Utah). Loan proceeds will be used for the construction of a five bedroom, three and a half bath home. The home will be a total of 3,677 square feet with 3,283 square feet of finished space (does not include the partially unfinished basement).

Loan Amount: $575,000

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 an optional six month extension at maturity.

Tailor Built Homes , LLC., #4420 – UTAH – FUNDED

First Trust Deed collateralized by a fully developed .3 acre residential lot located in Draper, UT (approximately 19 miles south of downtown Salt Lake City, Utah). Loan proceeds will be used for the construction of a four bedroom, three and a half bath home. The home will be a total of 4,983 square feet with 2,955 square feet of finished space (does not include the partially unfinished basement).

Loan Amount: $650,000

Yield: 11.25% (Principal Balance ≥ $100,000); 11.00% (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 an optional six month extension at maturity.

Caldwell Investments, LLC., #4419 – UTAH – FUNDED

First Trust Deed collateralized by four separate homes in and around Ogden, (approximately 38 miles north of downtown Salt Lake City, Utah). The first address listed above is a multifamily building that the borrower intends to rehab and pay off this loan via a refinance using long-term options. The three remaining addresses are single family homes that the buyer intends to have rehabbed and listed within 45 days after acquiring the homes. It is also the intent of the borrower to have the three single family detached homes sold within the first six months of acquiring the homes.

Loan Amount: $950,000

Yield: 12.25% (Principal Balance ≥ $100,000); 12.00% (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.

LFMG 45TH LLC., #4418 – UTAH – FUNDED

First Trust Deed collateralized by what was once 0.77 acres of land situated east of Interstate 15 in Millcreek, UT (approximately 10 miles south of downtown Salt Lake City, Utah). Since acquiring the property over a year ago, the borrower demolished the existing home, completed the horizontal development of the property, and has built two of the three townhome buildings. This loan will encumber the remaining two lots which is one of the three townhome buildings.

Loan Amount: $250,000

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., #4417 – UTAH – FUNDED

First Trust Deed collateralized by a fully constructed single-family residential home in Magna, Utah (approximately 15 miles west of Salt Lake City, UT). The home has recently been acquired by the borrower with the intent of fixing it up and either selling it or holding onto it as a rental unit. After acquiring the property, the borrower has begun work to rehab the home in order to better position this approximately 1,222 square foot 4 bedroom, 2 bathroom home for sale or rent.

Loan Amount: $123,000

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.

Old Chicago Ventures, LLC., #4416 – FLORIDA – FUNDED

The collateral for this loan consists of 6.71 acres of land located in Kissimmee, FL (approximately 24 miles south of Orlando, FL). As it currently stands, the site is zoned for “Tourist Commercial”. This designation is primarily intended for intense- tourist related housing, commercial and recreational land uses within the County’s adopted Short Term Rental Overlay boundary. Residential uses are permitted and would be the most viable option for this site. The property was appraised in September of 2014 for $1,600,000. Ignite Funding also received a BPO for the site back in June of 2017 when the loan was originated for $1,800,000. As of today, the property is under contract to sell to a third party for $1,600,000 in December of 2017.

Loan Amount: $750,000

Yield: 10.25% (Principal Balance ≥ $100,000); 10% (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 an optional 6 month extension at maturity.

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    Shapeshift Investments, LLC., #4415 – WASHINGTON – FUNDED

Shapeshift Investments, LLC., #4415 – WASHINGTON – FUNDED

First Trust Deed collateralized by a 2,230 square foot home in SeaTac, WA (approximately 13 miles south of Seattle, WA). Comps in the area sell for an average of $450,000 with homes directly across the street selling for more than $500,000. The borrower is able to acquire the property for significantly under market value do to the seller needing to sell the home quickly. It is the borrower’s intent to spend approximately $20,000 in repairs to rehab the property in order to better position the asset to demand a higher sales price. Repairs are anticipated to be completed in the first two weeks of the six month loan. The remaining term of the loan will be used to procure a buyer and get the property closed. Although the borrower will not be adding any space to the home or changing the bedroom count (3 beds, 2 baths), most of the money will be used to replace the carpet, re-floor the home, remove one wall, and repair the septic tank.

Loan Amount: $350,000

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 […]

Harmony461, LLC., #4413 – NEVADA – FUNDED

First Trust Deed collateralized by eight approximately 0.10 to 0.15 acre fully-developed residential lots located in Avalon community in the Vista Cielo subdivision in North Las Vegas, Nevada. The subdivision includes over 85 completed homes as well as completed common areas, parks, two pools, and landscaping. The main entrance to the subdivision is located across the street from the entrance to Shadow Creek Golf Course near the corner of Ann Road and Losee Road. The borrower also owns the 100+ lot community directly to the north of this site which they plan to begin sales in late 2015.

Loan Amount: $198,000

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.

Court Hampton Holdings, LLC., #4412 – NEVADA -FUNDED

First Trust Deed collateralized by five finished residential lots located in the Talus community which is located nine miles east of Las Vegas, NV. Harmony Homes have sold out of the first phase of the community which they have been selling since 2010. The second phase consists of 123 lots of which over 60 have already been sold since opening in late 2015. Homes in the community start selling at $237,000 and range from 1,801 to 3,024 square feet in three to six bedroom floor plans. In addition to selling 45 units in the past 10 months, prices have increased by over $12,000.

Loan Amount: $314,600

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.

Harmony461, LLC, #4411 – NEVADA – FUNDED

First Trust Deed collateralized by approximately 10 gross net acres of residential land located near the Vista Cielo subdivision in North Las Vegas, Nevada. Vista Cielo is a 100 lot community owned and built by Harmony Homes. This residential land, along with another piece of land just to the south of this one will be developed into one of the last phases of the community. The main entrance to the subdivision is located across the street from the entrance to Shadow Creek Golf Course, with Mojave High School just west of the lot.

Loan Amount: $262,000

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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