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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 roughly 25 acres of land in the scenic town of Midway, Utah. This land is currently being developed into 141 (108 on this loan) 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 41 units being closed at values over 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 needed for the entire site, providing funds for the construction of the Athletic Club, and construction funds for another two commercial pads. The construction of the townhomes within the community will be funded through individual loans taken out by each buyer outside of Ignite Funding.

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 two parcels of residential land totaling 10.5 acres in Perry, UT. The borrower has worked with the current owner to get this land under contract and came to Ignite seeking financing for the acquisition and development of what will ultimately be 110 finished residential lots. Notably, the borrower has already secured a national homebuilder as the buyer for this project before they closed on the initial acquisition of the land. Since the land was successfully acquired, the borrower began the entitlement, subdivision, and land development work that will ultimately yield 110 finished lots. It is anticipated this process will be complete around late Q4 of 2026. Once complete, the borrower will be able to execute the PSA with the future buyer and payoff this loan.

First Trust Deed collateralized by 1.13 acres of commercial land and existing improvements in the “Arts District” of Las Vegas, NV. The borrower initially partnered with Ignite to acquire this property in late 2022 with the goal of renovating the 32,000 sf warehouse on the property into the flagship Evel Knievel experience and museum. This experience will be enhanced through the borrower’s efforts to preserve the historical aesthetic of the building while also bringing in synergistic tenants to the project. Since acquiring the property, the borrower has worked with the city to establish a Tourism Improvement District (TID) that will bring substantial economic benefits to this project. In addition to the TID, the borrower has also materially increased NOI and overall value since initial projections. Renovation work began on the building around the end of 2024, and the borrower expects for all work to be done with tenants in place by Q2 or early Q3 of 2026. This loan will provide the funds necessary to complete the building’s construction and Tenant Improvement (TI) work, allowing tenants to move-in and enabling the borrower to execute his exit strategy.

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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