Izzy, Author at Ignite Funding

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FIG Stowe Creek, LLC #6017 | ARIZONA – SOLD OUT

FIG Stowe Creek, LLC #6017 | ARIZONA – SOLD OUT

The collateral for this loan consists of nearly 2.15 acres of land in Phoenix, AZ. The current owner purchased the property in August of 2021 for $6,582,254 and has since obtained the proper zoning and entitlements to begin the development and ultimate construction of a 32-unit low rise, multifamily complex. With building permits in hand, our borrower will acquire the site and almost immediately begin construction of the property. With a build time of 12 months and a total cost of $11,360,000 (according to the appraisal detailed above), the borrower plans on refinancing the cash flowing asset upon stabilization of the property. The units will average 1,324 square feet in size and rent for $1,850 per unit. Master Loan Amount: $8,854,000 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 extension at maturity. Final maturity date is 5/6/25.

By Izzy|November 22nd, 2023|Available Investments|0 Comments

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Three Palms, LLC #6012 | NEVADA – FUNDED

Three Palms, LLC #6012 | NEVADA – FUNDED

The collateral for this loan is a 0.35 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 early 2023 for approximately $1,400,000 and since that time the borrower has been working with the city and HOA to get construction drawings approved to build a spec home. The home would be about 8,000 square feet with an asking sales price north of $7,000,000. This would be the fourth such home the borrower has built in the same community over the past few years. He also has another lot in this community that is ready to begin construction. Loan Amount: $980,000 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 5/01/25.

By Izzy|November 22nd, 2023|Funded Investments|0 Comments

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MJZ, LLC #6005 | NEVADA – FUNDED

MJZ, LLC #6005 | NEVADA – FUNDED

The collateral for this loan is a finished residential lot in Lake Las Vegas which is a master planned community surrounding the second largest reservoir in Southern Nevada. The lot was sold by the master planned developer directly to the borrower instead of going through a production home builder which is more typical for this type of transaction. The borrower has already consulted with a few of the top custom home builders in Las Vegas to price out potential construction jobs. The borrower ultimately chose JAG Development to build this home. Custom homes in this community average about 6,000 square feet and are valued at nearly $5,000,000. The borrower has submitted plans for a 5,500 square foot home with an estimated cost of over $4,000,000. Loan Amount: $514,000 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 no extensions at maturity. Final maturity date is 7/16/24.

By Izzy|October 19th, 2023|Funded Investments|0 Comments

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Grays Development Company, Inc #5998-#6000 – FUNDED

Grays Development Company, Inc #5998-#6000 – FUNDED

First Trust Deed collateralized by a parcel of land in the Eastern part of Denver within one of Denver’s top-ranked neighborhoods. The collateral of this loan consists of three “super pads” that will each have a 20-unit condo building constructed on them. The remaining 60 units represent the last remaining units within the community as the other seven buildings have either already been sold to end buyers or are in some stage of development. Condominiums in the community average just over 1.100 square feet and are selling for an average of nearly $390,000 since its inception back in September of 2021. The two- and three-bedroom condos are currently selling for over $400,000 with additional price increases planned in the future. The community known as Gateway Commons offers luxury, low maintenance living with amenities including a central grass park with a fire pit and a dog park. Each of the units has one car garage included. The borrower currently anticipates selling one super pad to their related building arm every six months starting in January of 2024. Master Loan Amount: $3,330,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day

By Izzy|September 29th, 2023|Funded Investments|0 Comments

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Alpine Village, LLC #5895 – FUNDED

Alpine Village, LLC #5895 – FUNDED

A 1.46 acre parcel of land, situated near the mouth of Kyle Canyon in Las Vegas, NV is the collateral for this first trust deed loan. This part of Las Vegas has seen more residential building permits pulled over the past year than nearly all other submarkets. As the old adage goes; “commercial follows rooftops.” This property is a prime example of that. The borrower intends to get zoning approval for the ultimate construction of a car wash and tire shop which will be nearly surrounded by newly constructed homes. The borrower will also have the property presold shortly after acquiring the parcel to the car wash operator who will ultimately occupy one of the two buildings. The completion of the zoning process which will be the triggering event to sell the project is anticipated to be completed in approximately nine months. Loan Amount: $1,280,000 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 4/3/25.

By Izzy|September 29th, 2023|Funded Investments|0 Comments

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Slot Gaming Land Holdings, LLC #5988 | NEVADA – FUNDED

Slot Gaming Land Holdings, LLC #5988 | NEVADA – FUNDED

The collateral for this loan is a 1.13-acre piece of land located near the corner of Whispering Sands Dr and Garehime St. Since acquiring the site in April of 2022, the borrower worked with the city to allow a parcel split, subdividing the existing parcel into two separate lots. This was considered a conforming zone change so it wasn’t a matter of “if” it would be allowed but “when”. Now that the parcel split is behind them, building plans for two homes have been approved with the city. The homes average about 4,000 square feet each and are both single stories. Once the homes are framed, they will be listed for sale so potential buyers can pick out their finishing touches like countertops, cabinets, and color. Loan Amount: $2,200,000 Yield: 10% 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 3/27/25. *For investments equal to or greater than $100,000 investors will earn 10.5%.

By Izzy|September 27th, 2023|Funded Investments|0 Comments

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JCM Development, LLC #5992 | MONTANA – SOLD OUT

JCM Development, LLC #5992 | MONTANA – SOLD OUT

The collateral for this loan consists of an approximately 3.94-acre parcel of land which is currently zoned B-2 giving the borrower options for many businesses uses such as manufacturing, retail, residential and multifamily. It is the intent of the borrower to construct a retail center on the site. The total size will be approximately 53,000 square feet. He is already working with four different local and regional tenants to occupy the property which he expects to be fully leased by the spring of 2024, before the project is completely built. Just to the west of the site, within the same development, the borrower is currently constructing about 70 units of multifamily fourplex’s which will be a great built-in customer base for these retailers. Master Loan Amount: $8,000,000 Yield: 10% 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 3/19/25. * Interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period.

By Izzy|September 22nd, 2023|Available Investments|0 Comments

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Rue Grimaldi, LLC #5984 | NEVADA – FUNDED

Rue Grimaldi, LLC #5984 | NEVADA – FUNDED

The collateral for this loan is a 0.32 acre finished lot in Henderson, NV which is about 20 miles southeast of downtown Las Vegas, NV in the Lake Las Vegas master planned community. Since acquiring the lot for $310,000 in September of 2022, the borrower successfully worked with the city and HOA to get approval for a 3,254 square foot home. This modernly designed home will feature four bedrooms and three 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. This one-story home will have an attached casita with a minimum of 10-foot ceilings throughout. 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. Loan Amount: $750,000 Yield: 10% interest Schedule: 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 two

By Izzy|September 19th, 2023|Funded Investments|0 Comments

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FIG UT 1, LLC #5981 | UTAH – FUNDED

FIG UT 1, LLC #5981 | UTAH – FUNDED

The collateral for this loan consists of nearly 19 acres of residentially zoned land in Santaquin, UT (approximately 22 miles south of downtown Provo, UT). Since acquiring the site in late 2021, the borrower has worked with the city to get approval for a 165-unit townhome complex. All units are presold and will be repaid when construction loans are drawn which will be after all of the development work is completed on the site. Master Loan Amount: $13,600,000 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 extension at maturity. Final maturity date is 3/20/25.

By Izzy|September 19th, 2023|Funded Investments|0 Comments

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LV Properties & Investments, LLC, White Series #5979 | NEVADA – FUNDED

LV Properties & Investments, LLC, White Series #5979 | NEVADA – FUNDED

The collateral for this loan is a single tenant office building that was built in 2005 just south of the airport in Las Vegas, NV. It is currently being used by the borrower as their main office building. As a developer in Las Vegas, they are nearing completion of a property downtown that they will move their main office to. Although the property is currently occupied, the borrower will be vacating the premises shortly after this loan goes into place. The approximately 5,000 square foot office space will then be listed for sale as a single tenant office building. Loan Amount: $1,100,000 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 3/4/25.

By Izzy|September 7th, 2023|Funded Investments|0 Comments

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