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Available Investments

Rue Grimaldi, LLC #5984 | NEVADA – ($175K Available)

The collateral for this loan is a 0.32 acre finished lot in Henderson, NV which is about 20 miles southeast of downtown Las Vegas, NV in the Lake Las Vegas master planned community. Since acquiring the lot for $310,000 in September of 2022, the borrower successfully worked with the city and HOA to get approval for a 3,254 square foot home. This modernly designed home will feature four bedrooms and three bathrooms with a three-car attached garage. Included in the budgets is an extensive pool and landscaping package to give the buyer what should be a “turnkey” type of purchase. This one-story home will have an attached casita with a minimum of 10-foot ceilings throughout. Upgraded Thermador appliances in the gourmet kitchen, built in security and speakers, and a free-standing tub in the master to name a few of the many upgrades. It is anticipated the home will be sold prior to the home being completed. Loan Amount: $750,000 Yield: 10% interest Schedule: 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

By |September 19th, 2023|Available Investments|0 Comments
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FIG UT 1, LLC #5981 | UTAH – ($650K Available)

The collateral for this loan consists of nearly 19 acres of residentially zoned land in Santaquin, UT (approximately 22 miles south of downtown Provo, UT). Since acquiring the site in late 2021, the borrower has worked with the city to get approval for a 165-unit townhome complex. All units are presold and will be repaid when construction loans are drawn which will be after all of the development work is completed on the site. Master Loan Amount: $13,600,000 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 3/20/25.

By |September 19th, 2023|Available Investments|0 Comments
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17th and Sheridan, LLC #5976 | COLORADO – SOLD OUT

First Trust Deed collateralized by a parcel of land on the Southeast corner of 17th Ave and Sheridan Blvd in Denver, CO. This site is directly across the street from Sloan’s Lake, the second largest park in Denver and one of Denver’s fastest growing neighborhoods. The site allows for a high-density residential redevelopment project. The city has already approved a 67-unit garden style for sale, stacked flat product (an artist’s rendering is shown in the picture above). Although this loan is just to refinance the acquisition of the project and to complete the development work, the total project cost will be nearly $16,000,000. Over the coming months, the borrower will work with subcontractors to finish the site development work in an effort to get the project ready for vertical construction. It is anticipated the borrower will be able to pay off this loan with construction financing in about six months. Master Loan Amount: $6,500,000 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

By |September 6th, 2023|Available Investments|0 Comments
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Prez Enterprises, Inc #5955-#5970 | TEXAS – ($3.3M Available)

First Trust Deed collateralized by 16 fully built residential homes in Wolfforth, TX (about 12 miles southwest of Lubbock, TX). Consistently ranked in the fastest growing markets in Texas, there is a need for new housing supply in this area. The borrower is purchasing these 16 completed units from Betenbough Homes as a bulk transaction since a different buyer fell through. The borrower is under contract to purchase the completed homes at a discounted price given the longstanding relationship between the borrower and builder. Our borrower will then lease up the properties and sell the rented properties to their investors as cash flowing assets. Each home sits on approximately .17 acres of land with units ranging from 2,446 to 2,700 square feet in size. The borrower and seller have a long track record of performance which is part of the reason our borrower can get these units at such a discount. This is the fourth such loan structure that we have done with this borrower. Master Loan Amount: $5,352,000 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

By |September 6th, 2023|Available Investments|0 Comments
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Midway Land Holdings, LLC #5924-#5930 | UTAH – ($1.6M Available)

First Trust Deed collateralized by roughly 25 acres of partially improved land which will eventually be developed into 143 townhomes as well as a few commercial pads. This is the next phase of the successful Whitaker Farms project the borrower completed three years ago. Since acquiring the property in September of 2020, the borrower has torn down the old buildings on site and received master plan approval for the entire project. Additionally, phase one through three final map will be approved with the payment of fees and posting a bond, all of which this loan will be used for. Future fundings will be used for the development of phase two and three as well as to get the final map approved on the last two phases. In all, there will be 143 units built in the community, some of which will allow for nightly rentals. Additionally, the borrower already has over 40 reservations for the townhomes and two of the commercial pads even though homes won’t be finished for at least nine more months. Master Loan Amount: $37,300,000 Yield: 10% Interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period.

By |July 25th, 2023|Available Investments|0 Comments
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Southbridge, LLC #5826 | IDAHO – ($1M Available)

The collateral for this loan is 11 acres of land in Idaho Falls, ID. Since acquiring the land about two years ago, the borrower worked with the city to get the plat map approved for the construction of a 160-unit build-to-rent townhome community. Although the collateral for the project is all the land that will ultimately become the 160-unit community, this loan is for the vertical construction of 84 of the units and the land associated with phase two which will eventually be 76 more units. In this fast-growing market, rental rates have outpaced the supply of available product which this property will help to satisfy. Lease up should happen in short order which will allow for the refinance to happen on a rolling basis. Each of the units will average 1,425 square feet and are anticipated to rent for $1,825 per month. It should also have one of the nicest amenity packages in the entire market. Loan Amount: $15,800,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. Term: Nine months with an optional nine-month extension period. The final maturity date is 12/7/24  

By |June 13th, 2023|Available Investments|0 Comments
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JCM Development, LLC #5806 | MONTANA – SOLD OUT

The collateral for this loan consists of an approximately 4.05-acre parcel of land which is currently zoned B-2 giving the borrower options for many business uses such as manufacturing, residential and multifamily. It is the intent of the borrower to get final approval for a twelve building, 48-unit, residential development. Each of the twelve buildings would be fourplexes to allow for a multitude of takeout financing options. Each of the units will be three bed, two bath units with rental rates averaging $2,400 per unit. With an extremely strong rental demand in the area, it is anticipated all the units will be absorbed by the market shortly after completion. The fourplex configuration gives the borrower options of selling individual buildings or refinancing the whole project as an investment. Within the same complex, the borrower is currently building 24 units so this would be a continuation of that existing construction project. Master Loan Amount: $10,500,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10- day grace period.  

By |May 26th, 2023|Available Investments|0 Comments
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EHI Investments 3, LLC #5804 | ARIZONA – SOLD OUT

The collateral for this loan is 1.63 acres of land in Mesa, AZ which is just East of Phoenix, AZ. Since acquiring the land about a year and a half ago, the borrower worked with the city to get a permitted use of “early education”. Edward Homes, then received approval to construct a 10,095 square foot commercial building that will be leased to The Learning Experience. The Learning Experience started in 1980 in Florida and has since grown to over 275 locations today. With a corporate guarantee and a new 15-year lease in place on a soon to be newly constructed building, it shouldn’t take long to find a buyer. These type of triple net buildings are being sold at extremely low cap rates. Master Loan Amount: $3,650,000 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 two additional nine-month extension periods. Final maturity date is 8/22/25.

By |May 26th, 2023|Available Investments|0 Comments
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Future Legends 6, LLC #5742 | COLORADO – SOLD OUT

First Trust Deed collateralized by approximately 3 acres of land which will eventually be constructed into a 63,560 square foot retail complex, part of a larger 122 acre facility dedicated to youth and professional sports. The project is over 60% preleased to strong regional tenants with many smaller local tenants making up the currently preleased space. When construction begins in May, it is expected the buildings will be completed in eight months. The borrower has a current max guaranteed price contract in place with a regionally strong contractor specializing in the construction of mixed-use development surrounding stadiums. The contract has Ignite Funding written in it so we can take over the contract to ensure the completion of the project in the unlikely event the borrower goes into default. Additionally, all future money that is needed to pay the contractor is allocated in the total loan proceeds of this loan. There is anticipated to be over one million visitors to this project by year two, which will bring a tremendous amount of foot traffic to the area. Master Loan Amount: $18,000,000 Yield: 11% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day

By |May 3rd, 2023|Available Investments|0 Comments
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Elm Meadows Addition, LLC #5735 | TEXAS – SOLD OUT

First Trust Deed collateralized by entitled land in Lubbock, TX. Since purchasing the property in 2022, they worked with local government officials to get approval of a 122-unit development. The 122 units average 0.15 acres in size and will eventually have homes averaging 1,200 square feet with three bedrooms and two bathrooms. The loan will encumber units as they begin construction with all remaining construction costs allocated through the funding of this entire loan. 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 an onsite property manager and maintenance specifically dedicated to this community. With average monthly rents of nearly $1,700 per unit, the property generates enough excess cashflow to qualify for traditional takeout financing when completed. There will be six 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: $18,910,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a

By |April 20th, 2023|Available Investments|0 Comments
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Ignite Funding, LLC | 6700 Via Austi Parkway, Suite 300, Las Vegas, NV 89119 | P 702.739.9053 | T 877.739.9094 | 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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