Jen77

Home/Ignite Funding

About Ignite Funding

This author has not yet filled in any details.
So far Ignite Funding has created 48 blog entries.

Court Hampton Holdings #4593 | NEVADA – FUNDED

First Trust Deed collateralized by 16 mostly developed residential lots located in the Highlands community which is located ten miles east of Las Vegas, NV. Harmony Homes have sold out of the community directly to the west which they have been selling since 2010. The newly closed subdivision to the west had over 300 lots which were sold with an average sales price of $275,000 over the past year. This new community known as the Highlands consists of 94 lots which are roughly the same size as the previous community. The borrower intends to build the exact same homes that have sold in the previous community that range from 1,739 – 2,573 square feet and will start with an average sales price of $280,000. Loan Amount: $705,500 Yield: 10.5% (Principal Balance ≥ $100,000); 10.0% (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.

Bizmasters, Inc. #4299 | NEVADA – FUNDED

First Trust Deed collateralized by a 3,168 square foot two story home located in Paradise, NV (approximately five miles south of Las Vegas, NV). Since acquisition in December of 2015, the borrower has been rehabbing the property and is currently 90% completed. It is anticipated that by the end of May all work will be done on the property and be in a position to sell to an end user. Loan Amount: $278,000 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: Six months with an optional six month extension at maturity.    

Court Hampton Holdings, LLC | Loan #4286| Nevada – FUNDED

First Trust Deed collateralized by a fully constructed single-family residential in Las Vegas, Nevada. The home is currently being utilized as a model home in the Daybreak Community. The home is approximately 1739 square foot 3 bedroom home with loft and upstairs laundry. Loan Amount: $202,000 Yield:(principal value > $100,000): 10.00% Yield:(principal value < $100,000): 10.25% Term: Six Months with an optional six month extension at maturity. These investment are on a first come, first serve basis.

Harmony Homes California, LLC | Loan #4277| California – FUNDED

First Trust Deed collateralized by approximately .87 acre fully improved residential lot located in Corona, CA (approximately 25 miles east of Anaheim, CA). Since the property was acquired by the borrower in June of 2013, they have successfully completed a tentative map for the property allowing 14 estate sized lots ranging from 0.51 acres to 1.1 acre (TTM 32241). The lots make up Amber Ridge Estates, an upscale neighborhood featuring exceptional single-story homes offering floor plans from 4,293 to 5,427 square feet selling for approximately $1 million each. Loan Amount: $250,000 Yield:(principal value > $100,000): 10.00% Yield:(principal value < $100,000): 10.25% Term: Six Months with an optional six month extension at maturity. These investment are on a first come, first serve basis.

Court Hampton Holdings, LLC | Loan #4231

First Trust Deed collateralized by approximately 7.23 acres of partially improved residential land. This parcel of land represents the next phase of the Daybreak community, located approximately 8 miles east of Las Vegas, Nevada. The property currently has a tentative map in place to allow for the development of 59 lots roughly .12 acre in size. As it currently stands, the lots are graded but not all of the underground work has been completed, nor any of the finishing work (curbs, gutters and streets). Development will commence in early 2016 and is anticipated to be completed by August, 2016. Harmony Homes has almost sold out of the first phase of the community which the have been selling since 2010. Loan Amount: $1,170,000 Yield:(principal value > $100,000): 11.25% Yield:(principal value < $100,000): 11.00% Term: 6 Months with one optional 6 month extension period at maturity. These investment are on a first come, first serve basis.

Elation Homes, LLC | Loan #4223

First Trust Deed collateralized by 80 approximately 0.46 to 0.65 acre fully developed residential lots located in Valley Heights community in Moapa Valley, Nevada (approximately 58 miles northeast of Las Vegas, NV and 73 miles southwest of St. George, UT). The subdivision includes over 15 homes that are either completely finished or under contract to be built in the next 30 days. It is anticipated that the borrower will be selling homes at a rate of seven units per year.  Loan Amount: $800,000 Yield:(principal value > $100,000): 11.00% Yield:(principal value < $100,000): 10.75% Term: 12 Months with one optional 12 month extension period at maturity. These investment are on a first come, first serve basis.

ME 250, LLC | Loan #4222

First Trust Deed collateralized by roughly 5.07 acres of land zoned R-2 located within the Mountain's Edge Master Plan Community in Southwest Las Vegas, Nevada. The Mountain's Edge Master Planned Community includes 12,500 residential lots covering more than 3,500 acres. The borrower has been working with the city for over a year in order to get the zoning changed from C-2 zoning into R-2 zoning which has recently been approved. The current R-2 zoning allows for two homes per acre. In addition to the zoning change, the borrower has received a tentative map approval which will allow for the development of 24 single family residential lots.  Loan Amount: $1,235,000 Yield:(principal value > $100,000): 9.25% Yield:(principal value < $100,000): 9.00% Term: 24 Months with one optional 12 month extension period at maturity. These investment are on a first come, first serve basis.

How to Make Your Self-Directed Retirement Plan Work Harder

"Have a self-directed IRA? Congratulations! You’ve taken a big step toward taking control of your financial future. But having the plan is just the beginning. A retirement plan is not just a savings account to stash your hard-earned money in. It’s where your money can grow and provide perpetual income. In other words, your retirement plan needs to go to work and be earning income when you no longer do. Here are four steps to make sure your self-directed retirement plan is working hard for you..." Click here to view the rest of the article from NerdWallet.

Perfect Investment

Looking for the "Perfect Investment"? One that "is an investment with high return, no risk, full liquidity, freedom from income taxes, and no skill or talent required to manage it... Get real, there is no such investment!" "It takes planning, thought and a clear understanding of your long-term goals to find the “perfect portfolio,” and it may not exist. Take your time and do your homework to have a full understanding and complete disclosure about your investments." Click here to view the rest of the article from Napa Valley Register. Ignite Funding may not be the perfect investment, but we may be perfect for you.  

Here’s the Unsettling Truth About the Retirement Crisis

"The term “retirement crisis” is invoked frequently, but as Scott Burns of the Houston Chronicle recently suggested, it might actually be more accurate to say that what we are currently facing is a retirement triage: “One-third of households are well equipped to retire. They have multiple sources of income in greater amounts than most people. One-third of households have assets to work with. They can make decisions that will make a major difference in their retirement security and success. One-third of households are lost causes. They have Social Security but little, or nothing, else.” "In other words, it would be more helpful to concentrate on hard data on savings and investing trends, rather than whether people are feeling confident that they will have enough money or not. Feelings are real, but numbers speak volumes."   Click here to view the rest of the article from Money.

loading