Izzy, Author at Ignite Funding

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1759 Harpsichord Way, LLC #5802 | NEVADA – FUNDED

1759 Harpsichord Way, LLC #5802 | NEVADA – FUNDED

1759 Harpsichord Way, LLC is a special purpose entity set up to construct this home. Michael Johnson, the manager of the company, has been building semi-custom homes and renovating high-end homes for nearly a decade. As a licensed general contractor, Michael has the experience and expertise to fix most issues that may arise without having to outsource the work. Loan Amount: $1,200,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. *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 11/23/24.

By Izzy|May 26th, 2023|Funded Investments|0 Comments

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Prez Enterprises, Inc #5788-#5801 | TEXAS – FUNDED

Prez Enterprises, Inc #5788-#5801 | TEXAS – FUNDED

First Trust Deed collateralized by 14 fully built residential duplex homes in Lubbock, TX (about 340 miles west of Dallas, TX). Consistently ranked in the fastest growing markets in Texas, there is a need for new housing supply in this area. The borrower is purchasing these 14 completed units from Betenbough Homes as a bulk transaction since a different buyer fell through. The borrower is under contract to purchase the completed duplexes at a discounted price given the longstanding relationship between the borrower and builder. Our borrower will then lease up the properties and sell the rented duplexes to their investors as cash flowing assets. Each home sits on approximately .17 acres of land with units ranging from 1,208 to 1,350 square feet in size. The borrower and seller have a long track record of performance which is part of the reason our borrower can get these units at such a discount. This is the third such loan structure we have done with this borrower. Master Loan Amount: $4,760,000 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 no extension period. Final

By Izzy|May 23rd, 2023|Funded Investments|0 Comments

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Blue Heron Stonewater, LLC #5751-5785 | NEVADA – FUNDED

Blue Heron Stonewater, LLC #5751-5785 | NEVADA – FUNDED

First Trust Deed collateralized by 35 mostly finished lots near the corner of Southern Highlands Pkwy and Stonewater Ln in Las Vegas, NV (approximately 15 miles south of downtown Las Vegas). Since purchasing the property in December of 2021, the borrower successfully worked with the city to get approval for a 36-lot community which they then developed into mostly finished lots. This loan encumbers 35 of the 36 units in the community with one lot not encumbered which will be the model home. Construction on the model home has already begun and should be completed in the first quarter of 2024. This community is truly an infill parcel as part of the project is a converted parking lot. Homes in the community will average 3,450 square feet and are expected to sell for an average of $1,500,000. Three of the lots have reservations which will turn into contracts after the development work is completed. Contracts for these three units should happen 90 days after closing. Master Loan Amount: $9,036,000 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

By Izzy|May 18th, 2023|Funded Investments|0 Comments

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Mosaic Seven, LLC #5746 | NEVADA – FUNDED

Mosaic Seven, LLC #5746 | NEVADA – FUNDED

The properties consist of 7.5 acres of land which was purchased by the borrower in 2016 from the Bureau of Land Management. Since that time, the borrower has gone through many different rounds of negotiations with the county over land use to get the property rezoned. The property has a rural subdivision approval which allows for the development of 13 homes. It is anticipated that the property will receive the final map approval ultimate layout of the community in the ensuing months at which point the borrower will sell the property to a local homebuilder. Loan Amount: $2,050,000 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 11/7/24.

By Izzy|May 4th, 2023|Funded Investments|0 Comments

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Future Legends 6, LLC #5742 | COLORADO – SOLD OUT

Future Legends 6, LLC #5742 | COLORADO – SOLD OUT

First Trust Deed collateralized by approximately 3 acres of land which will eventually be constructed into a 63,560 square foot retail complex, part of a larger 122 acre facility dedicated to youth and professional sports. The project is over 60% preleased to strong regional tenants with many smaller local tenants making up the currently preleased space. When construction begins in May, it is expected the buildings will be completed in eight months. The borrower has a current max guaranteed price contract in place with a regionally strong contractor specializing in the construction of mixed-use development surrounding stadiums. The contract has Ignite Funding written in it so we can take over the contract to ensure the completion of the project in the unlikely event the borrower goes into default. Additionally, all future money that is needed to pay the contractor is allocated in the total loan proceeds of this loan. There is anticipated to be over one million visitors to this project by year two, which will bring a tremendous amount of foot traffic to the area. Master Loan Amount: $18,000,000 Yield: 11% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day

By Izzy|May 3rd, 2023|Funded Investments|0 Comments

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Elm Meadows Addition, LLC #5735 | TEXAS – FUNDED

Elm Meadows Addition, LLC #5735 | TEXAS – FUNDED

First Trust Deed collateralized by entitled land in Lubbock, TX. Since purchasing the property in 2022, they worked with local government officials to get approval of a 122-unit development. The 122 units average 0.15 acres in size and will eventually have homes averaging 1,200 square feet with three bedrooms and two bathrooms. The loan will encumber units as they begin construction with all remaining construction costs allocated through the funding of this entire loan. Upon completion of the homes, they will be rented and held onto by the borrower as a built-to-rent community which will operate much like an apartment complex. There will be an onsite property manager and maintenance specifically dedicated to this community. With average monthly rents of nearly $1,700 per unit, the property generates enough excess cashflow to qualify for traditional takeout financing when completed. There will be six different floor plans in the community, all of which have already been approved by the city for construction. The average build cycle is expected to be four months from start to finish for each home. Master Loan Amount: $18,910,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a

By Izzy|April 20th, 2023|Funded Investments|0 Comments

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GGD Oakdale, LLC #5729 | NEW MEXICO – FUNDED

GGD Oakdale, LLC #5729 | NEW MEXICO – FUNDED

The two parcels that are the collateral of this loan sit directly across from the newly renovated luxury apartments known as Blvd 2500 (currently owned by an affiliated company of the borrower). Since acquiring the site in 2016, the borrower has converted the preexisting hotel into the apartment buildings and demolished the indoor waterpark. This “excess land” that we are encumbering will be retained by the borrower even after he sells the apartments. Currently, the borrower is finalizing the lease with a large gas station company as well as large coffee shop who will each operate drive through pads. The gas station will operate on a ground lease meaning the tenant is responsible for everything built on the property and the owner retains ownership rights. The coffee shop will be leased as a “normal” transaction after the borrower constructs the building. Loan Amount: $3,700,000 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 an optional nine-month extension at maturity. Final maturity date is 9/28/24.

By Izzy|March 28th, 2023|Funded Investments|0 Comments

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FIG Jackson Crossing, LLC #5717-5723 | UTAH – FUNDED

FIG Jackson Crossing, LLC #5717-5723 | UTAH – FUNDED

The borrower purchased the 17 acre site back in August of 2021. Since the acquisition, the borrower worked with the city to get the property properly entitled for the community which now consists of two commercial pads and 220 attached residential units. Located approximately 40 miles north of Salt Lake City, UT in Ogden, the property is near a growing part of the city. Both commercial pads have been sold to developers and 80 of the 220 units, leaving the 140 units as collateral of this loan. All 140 units are in some stage of construction from the planning stage through completion. All of the 140 units are presold (pending any unforeseen cancelations). Master Loan Amount: $4,400,000 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 9/18/24.

By Izzy|March 21st, 2023|Funded Investments|0 Comments

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Rhino Holdings Silverdale Village, LLC #5715 | WASHINGTON – FUNDED

Rhino Holdings Silverdale Village, LLC #5715 | WASHINGTON – FUNDED

The collateral for this loan is an approximately 5.78-acre site that is currently divided into five separate parcels with nearly 80,000 square feet of rentable space. These five separate parcels were built in 1963-1965 and consists of one large inline retail shopping center, two retail pads, and two apartment buildings. Although the project is nearly 80% leased, the lack of capital improvements to the site in many years has made it very hard to rent much of the remaining space. It is the intent of the borrower to demolish the two apartment buildings and two retail pads to make way for two new drive through retail pads. With the two new drive throughs and the deferred maintenance resolved, the unleased space should quickly be absorbed with national tenants. Current tenants include Grocery Outlet and Harbor Freight along with many local tenants. Loan Amount: $13,000,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. *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 9/28/24.

By Izzy|March 21st, 2023|Funded Investments|0 Comments

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Hillwood Homes at Midway 18, LLC #5713 | UTAH – FUNDED

Hillwood Homes at Midway 18, LLC #5713 | UTAH – FUNDED

First Trust Deed collateralized by a 0.96 acre finished lot in Heber City, UT. All of the grading work for the site has been completed and is ready for the foundation to be poured. Construction permits have already been submitted for on the 5,099 square foot home. 2,564 square feet are above grade, and the remaining is part of the large walkout basement. Situated on a hillside, the back of the property overlooks the picturesque Heber Valley. Only a few minutes away from new ski resort, Mayflower, the property is ideally located for future demand. Once construction is about 20% completed, they will list the property for sale in an effort to get is sold while the prospective buyer can still choose their desired finishes. Although it isn’t addressed to us, and should be taken with a grain of salt, an appraisal was done on October 3, 2022, showing an as-completed value of $2,025,000. This would mean a loan-to-value of 65%. Master Loan Amount: $1,320,000 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 extensions at maturity. Final maturity date

By Izzy|March 15th, 2023|Funded Investments|0 Comments

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