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So far Ignite Funding has created 7 blog entries.

Rhino Holdings Roseville, LLC #6438 | MICHIGAN – ($3.2M AVAILABLE)

First Trust Deed loan collateralized by one parcel containing an At Home superstore in the Macomb Mall located in in Roseville, MI. Roseville is located on the scenic shores of Lake St Clair which is one of the biggest sport fishing locations in the great lakes while offering many other recreational activities as well. Roseville is approximately 20 miles north of Michigan’s largest city, Detroit, and shares many of the same top industries including automotive, health services, and more. The subject property covers 91,363 sf (2.1 acres) and is one of the anchors of the Macomb Mall which spans more than 933,000 sf (21.4 acres). Other anchors within the Macomb Mall, which has been open since 1964, include Dicks Sporting Goods and Kohls with the Macomb Mall as a whole containing 59 storefronts. The borrower plans to acquire this facility and extend the current tenant, At Home, which will both increase the NOI of the property and stabilize it for the next 10+ years. Master Loan Amount: $5,100,000 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

By |November 19th, 2024|Available Investments|0 Comments
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Vanquish Capital, LLC #5403 | ARIZONA – FUNDED

The collateral for this first position trust deed is a 10.95 acres site that will eventually be developed into 165 townhome lots. Since putting the property under contract nearly 16 months ago, not only has the borrower “added value” by locking in their purchase price in a rapidly improving real estate market, but they have also added value by reducing risk in the project by getting the property fully entitled. Typically, FIG would sell each of the buildings to individual investors but have found one investor that wants the entire project. With that said, once the building permits are ready to be issued, the investor will close on the sale of the property and purchase it from FIG in one transaction. In the unlikely event the buyer falls out of contract, FIG’s regular investors will acquire individual buildings. Loan Amount: $3,250,500 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 11/21/23.

By |May 13th, 2022|Funded Investments|0 Comments
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Mosaic Seven, LLC #5328 | NEVADA – FUNDED

First Trust Deed collateralized by two acre parcel of vacant land located in the fast growing “West Henderson” area of Las Vegas, NV. Given the areas pro-development city officials, the area has seen robust growth in the past few years with much more development planned in the near future. Although the property does not currently have a zoning designation, it is the intent of the borrower to get approval to allow for industrial design manufacturing which has been approved on many parcels in the area. In addition to this new acquisition, the borrower also owns or controls over 170 additional acres in the area. One of the advantages of parcels in the area is that city officials would be willing to support both residential as well as industrial developments on the site. Master Loan Amount: $1,650,000 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 is 7/26/23.

By |January 12th, 2022|Funded Investments|0 Comments
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The Eighty-Ten by Bakerson, LLC #5326 | NEW MEXICO – FUNDED

First Trust Deed collateralized by a 1.38-acre parcel of land which has a 36-unit apartment building on it. It is the borrower’s intent to acquire the site and rehab the property to increase the net operating income, therefore, increasing the property’s value. Although there is much in the form of deferred maintenance on the asset, the borrower is well equipped to rehab the already partially occupied units. They will first begin the rehab on the vacant units and will not sign any rehabbed units to long term leases. This will ensure they will be able to rehab all units during the first 14 months of owning the property. Once the property is fully rehabbed and over 90% leased for 90 consecutive days, they will pay this loan off via long term financing. Master Loan Amount: $2,170,000 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 two optional nine-month extensions at maturity. Final maturity date is 7/23/23.

By |January 8th, 2022|Funded Investments|0 Comments
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Bluemountain, Inc. | Loan #4195

First Trust Deed collateralized by a fully developed single-family residential lot in Pleasant View, Utah. The lot is approximately 0.2 acres in size and is located near the corner of Pacific Avenue and 190 N Street in Clearfield, UT  (approximately 30 miles to the north of Salt Lake City, UT and 10 miles south of Ogden, UT). The community is designed to primarily serve as starter homes for people who work at nearby Hill Air Force base which is one of the largest employers in the entire state. According to the 2012 Hill Air Force Base Economic Impact Study, the base generates a total of $3.31 billion in total annual economic impact with over 25,000 military and civilians that work within the base. On each lot, the borrower will be constructing three bedroom, two bath, rambler style single-story homes that totals approximately 1,388 square feet. Two of the homes will also include finished basements making the total livable area approximately 2,400 square feet.      Loan Amount: $800,000 Yield:(principal value > $100,000): 11.25% Yield:(principal value < $100,000): 11.00% Term: 8 Months with one optional eight month extension period at maturity. These investment are on a first come, first serve basis.

By |March 21st, 2015|Funded Investments|0 Comments
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The Next Generation of Hard-Money Lending

"The evolution of hard-money lending has taken a long and fragmented path with products ranging across the spectrum... Against the backdrop of financial crises, demand for hard-money financing grew as collateral types and loan programs expanded, all while conventional financing retracted and conforming lending options narrowed. This set the stage for responsible lending opportunities and the continued evolution of hard-money lending into mainstream financing." "With that in mind, the term “hard money” no longer fits in today’s marketplace. A better term would be “alternative equity financing.” Let’s take a closer look at this new lending environment." Click here to view the rest of the article from Scotsman Guide.

By |March 11th, 2015|Blog|0 Comments
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Ignite Funding, LLC | 6700 Via Austi Parkway, Suite 300, Las Vegas, NV 89119 | P 702.739.9053 | T 702.919.4281 | F 702.922.6700 | NVMBL #311 | AZ CMB-0932150 | | Money invested through a mortgage broker is not guaranteed to earn any interest and is not insured. Prior to investing, investors must be provided applicable disclosure documents.
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