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 5.49 acres of commercially zoned land that will ultimately be home to over 14,000 sf of commercial space constructed across 5 buildings. The borrower acquired the land for this project about a year ago and has since worked with the city to obtain the necessary entitlements and permits allowing the project to break ground. The borrower plans to begin the horizontal development for the 5.49 acres upon the closing of this loan. This work is anticipated to take through the end of 2025. Once the site’s development is substantially complete, the construction work can begin on the 5 retail buildings. Each building is anticipated to have a 9-month construction timeline. It should be noted that all 5 buildings have fully executed triple-net leases in place with their future tenants. All tenants plan to occupy their respective spaces shortly after receipt of their building’s certificate of occupancy. The borrower plans to list the properties for sale as they near the completion of construction and expects for them to be sold within a few months of rent commencement.
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 approximately 38 acres of land in Hurricane, UT which is approximately 140 miles northeast of Las Vegas, NV. Since acquiring the site, the borrower has successfully worked with the city to get a preliminary plat and site plan approved. The site will ultimately consist of 15 single family detached lots, 132 attached townhome lots, 372 apartment units, and over 66,000 square feet of commercial space. The borrower will develop the entire project and sell off different sections to developers who will construct those specific aspects of the project. Development work on the project began in late 2024 with this loan providing the funds required to complete the scope of this project’s work. Two of the five “super pads” (the sections of the property designated for specific uses) have PSAs in place to purchase the property following the completion of horizontal development. The borrower anticipates having a majority of the remaining “super pads” pre-sold before development is complete, which is anticipated to occur in late Q2 of 2026.
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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