Available Investments - Ignite Funding

Prez Enterprises, Inc. #6261 | TEXAS – ($350,000 AVAILABLE)

First Trust Deed collateralized by entitled land in Houston, TX. The seller has worked with local government officials to get approval for a 25-unit development. The seller will continue to be part of the property as they have contracted with the buyer, our borrower, to develop the site after closing. This site’s development work is anticipated to last three months after closing with vertical construction beginning at the tail end of this timeframe. Once completed, the finished homes will average 1,630 square feet and consist of three bedrooms and two bathrooms. Upon completion of the homes, they will be rented and held onto by the borrower as a built-to-rent community which will operate much like an apartment complex. There will be a property manager and maintenance specifically dedicated to this community. With average monthly rents of nearly $2,000 per unit, the property generates enough excess cashflow to qualify for traditional takeout financing when completed. There will be three different floor plans in the community, all of which have already been approved by the city for construction. The average build cycle is expected to be four months from start to finish for each home. Master Loan Amount: $7,000,000 Yield: Interest is

Stonehaven, LLC #6449 | NEVADA – ($4.2M 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