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So far Ignite Funding has created 10 blog entries.

    Midway Heritage Land Holding, LLC #6543 | UTAH – ($18M AVAILABLE)

    First Trust Deed collateralized by roughly 25 acres of land in the scenic town of Midway, Utah. This land is currently being developed into 141 townhomes as well as 10 commercial pads, one of which will be a 30,000 sf Athletic Club available to both residents and the greater community. Since acquiring the property in September of 2020, the borrower has received master plan approval for the entire project and began work on the site. Since work began, significant interest has been generated surrounding the project which has led to 33 units being closed with another 11 set to close within the next two months at values 75% higher than originally projected. This interest is due to many factors, one of which is the proximity of the development to a new $3.2 Billion 6,800 acre Luxury Ski Resort, called Deer Valley East Village, which will be just a 10-minute shuttle ride away. Additionally, there is limited space for new luxury developments in Park City which has led residents seeking luxury homes to the next up-and-coming area which this project is proving to be. This loan will refinance the existing loan while providing additional funds for the remaining horizontal development work

    By |February 11th, 2025|Available Investments|Comments Off on Midway Heritage Land Holding, LLC #6543 | UTAH – ($18M AVAILABLE)
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      Rhino Holdings Marketplace 205, LLC #6535 | OREGON – ($2M AVAILABLE)

      First Trust Deed collateralized by one unit (Unit 3) within the Marketplace 205 shopping center in Portland, OR. The borrower recently acquired this property as part of a greater purchase to acquire roughly 315,000 sf within the Marketplace 205 shopping center and has since stabilized nearly 135,000 sf of that original purchase. Now, the borrower is looking to refinance the remaining 180,000 sf while they work to bring in new tenants to further stabilize the property. There are currently 6 suites that make up Unit 3, and two of these suites already have signed 10-year leases in place with strong tenants. One more suite has an LOI in place, and the remaining 3 suites make up approximately 31% of the total footprint. Located near the intersection of I-84 and I-205 within Portland’s Gateway District, the property is surrounded by high density residential, and the area has an additional 700 multifamily units currently in development which bodes well for the long-term viability of this project. Master Loan Amount: $12,000,000 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

      By |January 24th, 2025|Available Investments|Comments Off on Rhino Holdings Marketplace 205, LLC #6535 | OREGON – ($2M AVAILABLE)
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        Stonehaven, LLC #6449 | NEVADA – ($800,000 AVAILABLE)

        First Trust Deed collateralized by 5.03 acres of residentially zoned land in the Northwest part of Las Vegas, NV. The subject property is situated between properties zoned as rural estates as well as some parcels of slightly higher density. The borrower has already gotten the tentative map (shown within the below link) approved with the city and has already funded over half of the development for the project themselves. The borrower plans to split the land into two separate four half-acre lot communities, with this loan funding the land development along with the construction of the first two homes. The borrower plans to build single family homes on the lots which should average 6,800 square feet and start at prices of $3,800,000 each. The tentative map is currently approved as paper lots and will see final map approval once the bond work is confirmed with the city which is what is considered a conforming zone. The bond will be posted once this loan is closed. Master Loan Amount: $9,645,000 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

        By |November 22nd, 2024|Available Investments|Comments Off on Stonehaven, LLC #6449 | NEVADA – ($800,000 AVAILABLE)
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          Lokal Communities, LLC #6387 | COLORADO – FUNDED

          First Trust Deed collateralized by 25 finished lots of a residentially zoned property in the growing city of Colorado Springs, CO which is approximately 70 miles south of Denver, CO. Located near the cross streets of Centennial and Fillmore, the property is just nine miles to the south of the Colorado Springs Air Force Academy and under ten minutes from downtown Colorado Springs and Garden of the Gods. The surrounding area is seeing immense residential and commercial growth including national quick service restaurants and over 300 apartment units constructed by different builders. Of the 105 lots in the community, the 25 lots being encumbered by this loan represent all remaining unbuilt lots. These lots will each have an attached townhome product built that will be one of five floorplans: Baxter, Clark, Conrad, Ellis, and Sean. Master Loan Amount: $2,400,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. *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 5/6/26.

          By |November 14th, 2024|Funded Investments|Comments Off on Lokal Communities, LLC #6387 | COLORADO – FUNDED
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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|Comments Off on Vanquish Capital, LLC #5403 | ARIZONA – FUNDED
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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|Comments Off on Mosaic Seven, LLC #5328 | NEVADA – FUNDED
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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|Comments Off on The Eighty-Ten by Bakerson, LLC #5326 | NEW MEXICO – FUNDED
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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|Comments Off on Bluemountain, Inc. | Loan #4195
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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|Comments Off on The Next Generation of Hard-Money Lending
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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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