Available Investments

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Harris53 Apartments, LLC #5268 | UTAH ($300K Available)

The collateral for this loan is an approximately 2.885-acre site that will be entitled to allow for the construction of a 454-unit, seven-story apartment complex. With a unit mix of 22 studio’s, 280 one-bedrooms, and 152 two-bedroom units, the project is geared to smaller units focused toward the more cost conscience renters. With final plat approval anticipated for January, the borrower is in the process of getting final general contractor pricing for the build job which will put them in a position to get construction financing. Loan Amount: $9,450,000 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 6/6/23.

Mosaic Seven, LLC #5267 | NEVADA ($500K Available)

The collateral for this loan is a 4.12-acre parcel of land located in the fast growing “West Henderson” area of Las Vegas, NV. Given the areas pro-development city officials, the area has seen robust growth in the past few years with much more development planned in the near future. Although the property is currently zoned as rural open land with a commercial planned use, it is the intent of the borrower to get approval to allow for industrial design manufacturing which has been approved on many parcels in the area. In addition to this new acquisition, the borrower also owns or controls over 170 additional acres in the area. One of the advantages of parcels in the area is that city officials would be willing to support both residential as well as industrial developments on the site. Loan Amount: $2,605,000 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 6/13/23.

Mosaic Seven, LLC #5235 | NEVADA ($10K Available)

The collateral for this loan is a 4.12-acre parcel of vacant land located in the fast growing “West Henderson” area of Las Vegas, NV. Given the areas prodevelopment city officials, the area has seen robust growth in the past few years with much more development planned in the near future. Although the property is currently zoned as rural open land with a commercial planned use, it is the intent of the borrower to get approval to allow for industrial design manufacturing which has been approved on many parcels in the area. In addition to this new acquisition, the borrower also owns or controls over 170 additional acres in the area. One of the advantages of parcels in the area is that city officials would be willing to support both residential as well as industrial developments on the site Loan Amount: $2,530,000 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 5/13/23.

Blue Heron Stonewater, LLC #5249-5266 | NEVADA – SOLD OUT

First Trust Deed collateralized by 5.39 acres of residential land near the corner of Southern Highlands Pkwy and Stonewater Ln in Las Vegas, NV (approximately 15 miles south of downtown Las Vegas). Since going under contract on the land, the borrower has received preliminary approval to build a 36-lot community. Although final plat approval is not expected until the end of February of 2022, it is anticipated the borrower will begin development work prior to that time. This community is truly an infill parcel as part of the project is a converted parking lot. Homes in the community will average 3,454 square feet and are expected to sell for an average of $1,500,000. Home closings are not anticipated to happen before February of 2023. Ignite Funding intends to be the development lender as well. Master Loan Amount: $5,040,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. Term: Nine months with an optional nine-month extension at maturity. Final maturity date is 5/16/23

Rhino Holdings Village, LLC #5221 | WASHINGTON ($2.2M Available)

The collateral for this loan is an approximately 5.78-acre site that is currently divided into five separate parcels with nearly 80,000 square feet of rentable space. These five separate parcels were built in 1963-1965 and consists of one large inline retail shopping center, three retail pads, and two apartment buildings. Although the project is nearly 80% leased, the lack of capital improvements to the site in many years has made it very hard to rent much of the remaining space. Our borrower plans to demolish the two apartment buildings and two retail pads to make way for two new drive through retail pads. With the two new drive throughs and the deferred maintenance resolved, the unleased space should quickly be absorbed with national tenants. Current tenants include Grocery Outlet, Kitsap Credit Union, New American Funding along with many local tenants. Loan Amount: $14,000,000 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 3/28/23.

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