The following loans are available to our Ignite Funding clients on a first-come-first-served basis.
The following loans are available to our Ignite Funding clients on a first-come-first-served basis.
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First Trust Deed collateralized by just over 2 acres of commercially zoned land in North Las Vegas, NV which is just a 10-mile drive from downtown Las Vegas, NV. This land will ultimately be home to an 87,000 sf self-storage facility. The borrower recently came across the opportunity to purchase this land at a strong basis and has since coordinated with the city to ensure the project’s necessary permits and entitlements were approved. After the successful purchase of this property in December, the borrower has now began working to complete the horizontal development process. Once the horizontal development is substantially complete, the borrower will then begin construction of the facility, with construction expected to see completion in early 2027. Once construction is complete and a certificate of occupancy is issued, lease-up will begin thus starting the stabilization process. Once stabilized, the borrower intends to sell this project to a 3rd party, paying off this loan.
First Trust Deed collateralized by seven parcels, totaling 7.3 acres, within the Union Village master planned mixed-use health village located in Henderson, NV. Located just off the interstate and only a 20 minute drive from the Las Vegas strip, Union Village is well positioned to support its large community of residents, visitors, and healthcare employees. The subject parcels of this loan represent a substantial portion of the remaining parcels to be developed within the 170-acre mixed-use Union Village community. The borrower began this project around 2010 and has since experienced outsized success within the community. Post-initiation, the borrower successfully delivered the 303-bed Henderson Hospital as the anchor for this project. In addition, the Union Village community has also seen the successful delivery of the Boulder Marketplace, Las Vegas Athletic Club, and multiple residential communities including The Well Apartments, Emerald Village, and the Promenade Condos. As the borrower works to sell through their remaining parcels held within the community, they have approached Ignite Funding to refinance their maturing debt on the subject parcels to provide the runway necessary to execute their business plan.
The collateral for this loan is an approximately 14.46-acre site that has been entitled to allow for the construction of medical office condos. The borrower intends to build 10 grey-shell medical office buildings on this land that will total 114,140 sf with the site plan shown below on the next page. The horizontal building permits were received in June with sitework starting shortly after. Horizontal development of the full 14.46 acres is completed, and vertical construction of the units has started. The borrower anticipates building this project in phases, with phase 1 including the first 4 units. Subsequent units will begin construction in the following months after phase 1 construction begins. The project sits less than 400 yards from the entrance to the 197 bed Mercy Gilbert Medical Center which opened in 2006. The borrower believes higher values will be generated after construction is nearing completion and as such will begin to source buyers closer to the completion of construction for Phase One.
First Trust Deed collateralized by one .86 acre parcel of fully entitled land in Gilbert, AZ. The borrower, Kingsbarn, has an exclusive franchise agreement with the future tenant for this site, a national QSR retailer, to build over 40 locations across Arizona and Nevada within the next five years. Kingsbarn originally contacted Ignite seeking financing to acquire this site with a refinance planned once the project was ready for construction. Now, the project’s construction permits are ready and were paid for following the initial funding of this loan with work beginning shortly thereafter. It is anticipated that this project’s construction will be completed by late Q2 or early Q3, 2026. Once construction is complete and a certificate of occupancy is received, the future tenant will move in, and the borrower will be able to move forwards with their exit strategy. It should be noted that this will be the first location for this QSR retailer within the state of Arizona. Located just off the AZ-202 freeway and directly across the street from over 500 residential units, this location is well positioned to take advantage of both high traffic counts and a nearby built-in customer base.
Ignite Funding, LLC | 6700 Via Austi Parkway, Suite 300, Las Vegas, NV 89119 | P 702.739.9053 | M 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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