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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 mixed-use land in the scenic town of Midway, Utah. This project will ultimately be home to 141 townhomes along with 9 commercial pads and a 30,000 sf Athletic Club/Spa, which will all be 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 work is underway on the site. Significant interest has been generated surrounding the project, which has led to 45 units being closed with another 15 set to close before the end of 2026 at values over 100% 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 lots, funds for the construction of the Athletic Club/Spa, and funds to complete the construction of two other commercial buildings. The construction of the townhomes within the community will be funded through individual loans taken out by each buyer once Ignite has been paid off on their lot.

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 eight finished residential lots in Colorado Springs, CO. These eight lots represent the next units to be constructed within the 204-unit community known as The Commons at Victory Ridge. These attached units will all stand at three stories tall and will average about 2,100 square feet per unit with the floor plan mix for this loan comprised of four Greyson units, two Nolan units, and two Willow units. They all have attached two car garages with up to four bedrooms. Prices in this community range from the high 400’s to the mid 500’s with the collateral for this loan expected to trade in this range. This loan will provide the funds necessary to fully construct all eight units. It is anticipated the build cycle for these units will average about 9 months each with the borrower planning to sell the units upon completion. Located within Colorado Springs in a strong urban location, this community is well positioned to take advantage of the nearby drivers including, but not limited to, the US Air-Force Academy, InterQuest Marketplace, and Ford Amphitheater.

First Trust Deed collateralized by one 2.25 acre commercially zoned parcel in North Las Vegas, NV which is less than 10 miles from the heart of downtown Las Vegas, NV. The borrower recently came across the opportunity to purchase this parcel at a strong price and approached Ignite seeking financing to acquire the land and construct a 3-building commercial project on it. In anticipation of closing the borrower has worked with the city to obtain the necessary approvals with plans to begin work on-site shortly after the closing of this loan. This project will ultimately have 3 buildings constructed upon it totaling 11,500 sf with one building already fully preleased. This building, totaling just under 2,600 sf, will be home to a national car wash tenant with over 250 locations nationwide. Another building will be home to a QSR retailer, with the largest and final building set to be 6,500 sf. This 6,500 sf building is anticipated to contain four tenants. The borrower is currently working through leases with potential tenants, and they plan to have all leases finalized before construction is complete. This project’s construction is expected to continue through Q1 2027 with the borrower planning sell the buildings once completed and stabilized.

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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