Available Investments - Ignite Funding

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Harmony Homes Nevada, LLC #6405 | NEVADA – ($1.7M Available)

Harmony Homes Nevada, LLC #6405 | NEVADA – ($1.7M Available)

First Trust Deed collateralized by 4.88 acres of land near the corner of Boulder Highway and Sunset Rd in Henderson, NV (roughly 13 miles southeast of downtown Las Vegas). The land was zoned for Community Mixed Use and since the borrower has gotten a final map approved to allow for the development of a 72-unit triplex condo community and is currently developing the land. As a leader in the entry level residential real estate market in Las Vegas, Harmony homes has acquired this parcel with the idea of increasing density to reduce the price point. In today’s changing real estate market, it is prudent of owners to find creative ways to reduce the price of the finished product. Harmony has done that with increasing the density. The average sales price is anticipated to be 30% less than the average sales price of a home in the area. Master Loan Amount: $4,400,000 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 will earn 10.5%. Term: Nine months with an optional nine-month extension at maturity. Final maturity date is 4/14/26.

By Izzy|October 10th, 2024|Available Investments|0 Comments

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CC Building VI, LLC #6346 | NEVADA – SOLD OUT

CC Building VI, LLC #6346 | NEVADA – SOLD OUT

First Trust Deed collateralized by a 1.54-acre parcel of land approximately 16 miles southwest of downtown Las Vegas, NV. This property was developed in 2010 by Stable Development as part of an 8-building corporate center and now is owned in full by the borrower as a stand-alone office building. The borrower has already sold off multiple of the original eight buildings at approximately $304/sf. This property is currently 100% leased and recently renewed the lease of its anchor tenant, The Wealth Consulting Group, through 2034. Additionally, the borrower has agreed to assign rents to Ignite should that be deemed necessary. The borrower plans to hold this asset long-term and is seeking financing from Ignite until more attractive long-term debt options are available, which may occur in late 2025. Loan Amount: $4,400,000 Yield: 11% 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 will earn 11.5%. Term: Nine months with an optional nine-month extension at maturity. Final maturity date is 4/7/26.

By Izzy|October 10th, 2024|Available Investments|0 Comments

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Prez Enterprises, Inc. #6393 | TEXAS – ($1.4M Available)

Prez Enterprises, Inc. #6393 | TEXAS – ($1.4M Available)

First Trust Deed collateralized by a 19 .05-acre parcels of land approximately 12 miles north of downtown Houston, TX. The borrower is purchasing all 19 parcels in the form of finished lots and intends to construct finished spec homes on each lot. Vertical construction is anticipated to begin mid Q4 of 2024 with completion expected to occur sometime in mid-2025. These homes will all be 3 bed 2.5 bath models with 9 homes being 1571 sf and the other 10 homes being 1556 sf. The borrower expects to have these homes pre-sold before construction is complete and will begin marketing them once construction begins. Master Loan Amount: $5,363,000 Yield: 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 will earn 10.5%. Term: Nine months with an optional nine-month extension at maturity. Final maturity date is 3/25/26.

By Izzy|October 8th, 2024|Available Investments|0 Comments

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Green Level West II, LLC #6386 | NORTH CAROLINA – ($150K Available)

Green Level West II, LLC #6386 | NORTH CAROLINA – ($150K Available)

The collateral for this loan is an approximately 10-acre site that will be entitled to allow for the construction of a 74-unit apartment building. This acquisition sits contiguous to two separate properties the borrower has under contract which will total over 40 acres. Since the purchase of this land happened before it was fully entitled, the borrower used Ignite to acquire the property while finalizing the entitlements. Entitlements on all 40 acres have now been officially approved by the city, allowing a mixed use district including residential spaces, commercial spaces, and some offices as well. On the other side of the property construction has begun on over 1 million square feet of medical space that is owned by Duke Health. The city has already expressed a desire to make this corridor the new “heart” of the city which bodes well for the long-term viability of the project and the short term needs to get the property entitled. Loan Amount: $4,250,000 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 will earn 10.5%. Term: Nine months with an optional

By Izzy|October 5th, 2024|Available Investments|0 Comments

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RJJR Investments Two, LLC #6372 | NEVADA – ($800K Available)

RJJR Investments Two, LLC #6372 | NEVADA – ($800K Available)

First Trust Deed collateralized by a 7.5-acres of raw land approximately 12 miles southwest of downtown Las Vegas, NV. This property is located adjacent to S Jones Rd which is anticipated to be widened from 4 to 6 lanes with construction beginning around November. This will increase overall traffic to the area as the city of Las Vegas continues to expand. Additionally, the surrounding land in the subject property’s area is either owned by the airport or private individuals. The airport land is designated as open land that will not be sold off in the foreseeable future and the privately owned land in the section is further away from sewer lines than the subject property and therefore is more costly to develop. These facts all bode well for the borrower, who plans to subdivide this land into 12 paper lots which he will then sell to investors. Master Loan Amount: $2,730,000 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 will earn 10.5%. Term: Nine months with an optional nine-month extension at maturity. Final maturity date is 3/16/26.

By Izzy|September 24th, 2024|Available Investments|0 Comments

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KB WHTM Propco, LLC #6279 | COLORADO – ($400K Available)

KB WHTM Propco, LLC #6279 | COLORADO – ($400K Available)

First Trust Deed collateralized by a 2,364 sq/ft building in Lamar, Colorado. Colorado is the 6th fastest growing US state and Lamar is the largest city in southeastern Colorado. This quaint city offers a small-town atmosphere. Lamar’s median household income increased more than 10% from 2021 to 2022. This property is located on Highway 287/ Main Street which offers the most visibility in the town. The borrower intends to build a freestanding restaurant and Arby’s has already signed a lease to occupy the entire building. Construction has started as of July 2024 and is expected to be completed in the second quarter of 2025. The franchisee for this Arby’s location has also done numerous build-to-suit locations with this developer before, some of which were in the same town of Lamar, CO. Master Loan Amount: $2,400,000 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 will earn 10.5%. Term: Nine months with an optional extension at maturity. Final maturity date is 12/19/25.

By Izzy|September 4th, 2024|Available Investments|0 Comments

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Rhino Holdings Marysville I, LLC #6328 | WASHINGTON – ($2.4M Available)

Rhino Holdings Marysville I, LLC #6328 | WASHINGTON – ($2.4M Available)

The collateral for this First Trust Deed loan consists of four parcels in the Marysville Town Center in the heart of Marysville, WA. Marysville is a vibrant, growing city on the banks of the Snohomish River known for its spectacular views of the Olympic and Cascade mountains. Washington has the 14th fastest growing economy in the US and Marysville is approximately 35 miles north of Washington’s largest city, Seattle. These four parcels cover 431,600 sf (10.6 acres) of land and are home to many large brands such as JC Pennys, Petco, Burlington’s, Verizon, and more. The borrower plans to acquire this facility and bring in new tenants to the available pads at higher rental rates allowing an overall NOI increase of nearly 30% for the Town Center. This loan will be used to finance the acquisition of the property while the borrower looks for buyers for each of the four parcels once stabilization is reached. Master Loan Amount: $24,391,000 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 will earn 10.5%. Term: Nine months with an optional extension

By Izzy|August 6th, 2024|Available Investments|0 Comments

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Grays Development Company, Inc. #6221 | COLORADO – ($500K Available)

Grays Development Company, Inc. #6221 | COLORADO – ($500K Available)

Grays Development Company, Inc is a special purpose entity created by the principals of Lokal Homes. Lokal Homes is owned, managed, and operated by Coloradans with over 50 collective years of home building experience. Colorado is home to their entire team and provides them with a unique perspective on the market, product, and highest level of customer commitment. Lokal Homes has doubled the number of homes built nearly each year since inception and is now ranked a top 10 privately owned builder in Colorado. Along with building homes, Lokal Communities is the townhome building arm of Lokal Homes. Since 2015, Ignite Funding has lent Lokal and its affiliates over $212,000,000 without any issues.. Master Loan Amount: $7,000,000 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 will earn 10.5%. Term: Nine months with an optional nine-month extension at maturity. Final maturity date is 10/9/25.

By Izzy|April 16th, 2024|Available Investments|0 Comments

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Villas at 75th, LLC #6050 | ARIZONA – ($150K Available)

Villas at 75th, LLC #6050 | ARIZONA – ($150K Available)

The collateral for this loan consists of approximately 7.4 acres of multifamily zoned land in Phoenix, AZ. The current owner purchased the property a few years ago and worked with the proper government officials to get the site approved for a 112 unit attached residential community. The homes will be developed and ultimately constructed in two phases. The development work will begin around January of 2024. Even prior to the completion of the horizonal development work, the borrower and their general contractor will begin the vertical construction of the units. It is anticipated that the whole project will be completed in approximately 24 months. Subsequent tranches of this loan will be used to complete all 100 units of this project. All units are three bedrooms with 3 bathrooms covering 1,400 square feet of living space each. Master Loan Amount: $11,800,000 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 will earn 10.5%. Term: Nine months with two optional extensions at maturity. Final maturity date is 3/11/26.

By Izzy|December 12th, 2023|Available Investments|0 Comments

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Rhino Holdings Grimes, LLC #6027 | NEW MEXICO – ($500K Available)

Rhino Holdings Grimes, LLC #6027 | NEW MEXICO – ($500K Available)

The collateral for this loan consists of a former K-Mart in Hobbs, NM which is approximately 300 miles southeast of New Mexico’s largest city, Albuquerque. This 88,849 square foot facility was purchased by the borrower in 2018 after the previous tenant moved out leaving the property completely vacant. Since that time the borrower has leased 87% of the project to national brands which will open for business once the tenant improvement work is completed. This loan will be used to refinance the acquisition of the property and future tranches will be used to complete the six million of work on the property. Most of the money will go into tenant specific work but some will be utilized for repair to the structure, landscaping, lighting, and to repave the parking lot. Master Loan Amount: $15,880,000 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 will earn 10.5%. Term: Nine months with an optional nine-month extension at maturity. Final maturity date is 5/27/25.

By Izzy|November 27th, 2023|Available Investments|0 Comments