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So far Ignite Funding has created 10 blog entries.

Harmony Homes Nevada, LLC #6467 | NEVADA – ($590K AVAILABLE)

First Trust Deed collateralized by roughly 7.18 acres of residentially zoned land near the corner of Azure and N 5th St in Las Vegas, NV (roughly eight miles north of downtown Las Vegas). The borrower has successfully worked with the city to approve a 108-unit community in the form of 36 triplex buildings. Horizontal development is near completion and vertical construction is beginning with this loan refinancing the borrower’s previous land loan while also providing additional liquidity for part of the funds put into development. Sales have begun for this community and are anticipated to continue through 2025 and potentially into early 2026. With plans ranging from 1000 -1500 square feet and price points starting in the mid to low $300,000’s, these townhomes will help fill the demand for the entry level buyer. Master Loan Amount: $8,100,000 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 6/17/26.

Green Level West I Apartments, LLC #6465 | NORTH CAROLINA – ($3.5M AVAILABLE)

The collateral for this loan is an approximately 25-acre site that will be entitled to allow for the construction of a 300+ unit apartment building. This acquisition sits contiguous to two separate properties the borrower has under contract which will total over 40 acres. Since the purchase of this land happened before it was fully entitled, the borrower used Ignite to acquire the property while finalizing the entitlements. Entitlements on all 40 acres have now been officially approved by the city, allowing a mixed use district including residential spaces, commercial spaces, and some offices as well. On the other side of the property construction has begun on over 1 million square feet of medical space that is owned by Duke Health. The city has already expressed a desire to make this corridor the new “heart” of the city which bodes well for the long-term viability of the project and the short term needs to get the property entitled Loan Amount: $6,600,000 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

Stonehaven, LLC #6449 | NEVADA – ($1.9M 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

Rhino Holdings Roseville, LLC #6438 | MICHIGAN – ($750K 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

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.

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.

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.

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.

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.

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