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Citywide Land & Development, LLC #5660-5666 | TEXAS – FUNDED

First Trust Deed collateralized by seven fully built residential homes in Midland, TX (about 330 miles west of Dallas, TX and 120 miles south of Lubbock, TX). Ranked as one of the fastest growing micro cities in America, there is a need for new housing supply in this area. The borrower is purchasing these seven completed units for Betenbough Homes as an end of year effort to clear inventory of the sellers’ books. The borrower is under contract to purchase (or already closed on) a total of 23 completed homes over a 45-day period at a discounted price. Our borrower will then lease up the properties and sell the rented units to their investors as cash flowing assets. Each home sits on approximately .12 acres of land with homes ranging from 1350 to 1760 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. Master Loan Amount: $1,850,000 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 no extensions available. Final

Citywide Land & Development, LLC #5648-5655 | TEXAS – FUNDED

First Trust Deed collateralized by eight fully built residential homes in Midland, TX (about 330 miles west of Dallas, TX and 120 miles south of Lubbock, TX). Ranked as one of the fastest growing micro cities in America, there is a need for new housing supply in this area. The borrower is purchasing these eight completed units for Betenbough Homes as an end of year effort to clear inventory of the sellers’ books. The borrower is under contract to purchase a total of 23 completed homes over the next 45 days at a discounted price. Our borrower will then lease up the properties and sell the rented units to their investors as cash flowing assets. Each home sits on approximately .12 acres of land with homes ranging from 1550 to 2050 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 Master Loan Amount: $2,300,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10- day grace period. Term: Nine months with no extensions available. Final maturity date is

Yuma Care 2, LLC #5645 | ARIZONA – FUNDED

First Trust Deed collateralized by a parcel of a commercially zoned property approximately 170 miles east of San Diego, CA and 180 miles west of Phoenix, AZ. Since putting the property under contract about six months ago, the borrower worked with the local municipalities to get the property entitled to allow the construction of a geriatric behavioral health facility. This will be the borrowers sixth such facility since 2011 with plans on doing two more each year. Once completed, the property will consist of 17,800 square feet facility with 30 beds. Additionally, Ignite was able to review the sale agreement which shows a future sales price of $15,125,000. The buyer is the same group that purchased the 16,800 square foot, 24-bed facility from the borrower in the middle of 2022. The buyer has already gone non-refundable on nearly $500,000 of earnest money. Master Loan Amount: $10,900,000 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 optional nine-month extension at maturity. Final maturity date is 3/26/25.

10FSS 3636 Honea Egypt Rd Montgomery, TX, LLC #5642 | TEXAS – FUNDED

The collateral for this loan consists of an approximately 41,866 net rentable square feet self-storage facility in Montgomery, TX. Montgomery TX is about 45 miles from the heart of Houston. Built in 2007, the 270-unit facility sits on a 10-acre site which will allow for an expansion of an additional 30,000 square feet. Immediately after the acquisition, the borrower will implement its unique automated management platform and focus on increasing in-place rents as well as increasing the current occupancy of 90%. Master Loan Amount: $8,000,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. Term: Nine months with a final maturity date of 9/15/23.

Rhino Holdings Kent, LLC #5637 | WASHINGTON – FUNDED

The collateral for this loan is a 66,000 square foot shopping center in Kent, WA. This is part of a larger shopping complex that includes national retailers like Target, PETCO, and Ross Dress for Less along with many local shops. The part of the complex the borrower is acquiring is the far north part of the well performing, highly trafficked property. This space was once used as a large format grocery store but was shut down many years ago and has sat vacant. The borrower has three tenants in tow that will have the property 94% leased. Tenants range from 17,000 square feet to 25,000 square feet and all three have already signed LOI’s on the project. Final leases are expected in the coming weeks. Two of the three tenants should be open and fully operational in 2023 and one of them will not be opening until early 2024.Once all tenants are open for business, the borrower will either refinance or sell the property. Loan Amount: $11,000,000 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

Sargem Management, LLC #5598 | NEVADA – FUNDED

First Trust Deed collateralized by just over 18 acres of land in North Las Vegas, NV. Although the property is currently a level piece of dirt, it had a vibrant past. The property was home to apartments beginning in the early 1960’s and transitioned into low-income housing in the 80’s. As time went on, the property became very rundown, and riddled with crime. After the Department of Housing and Urban Development foreclosed on the previous owner during the financial crisis of 2008, the borrower began working with HUD and the city of North Las Vegas to plan what will eventually become a key piece to the city. The borrower formally acquired the property in October of 2020 for over $3,000,000 and will formally obtain city approval for an eight-building medical complex in late 2022. The borrower will then construct and sell each of the buildings once completed which is anticipated to begin in about a year. Loan Amount: $6,000,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10- day grace period. Term: Nine months with an optional nine-month extension at maturity. Final maturity date is 5/1/24.

SR Decatur Apts, LLC #5595 | NEVADA – FUNDED

The collateral for this loan is a 5.33 gross acre parcel of land that has been approved for multi-family use of up to 191 total units. Located on North Decatur, the property is about five miles Northwest of downtown Las Vegas, NV. Since acquiring the site in 2019, the borrower worked with the appropriate government officials to get the zoning changed to C-1, Limited Commercial District which will allow apartments. Given the good visibility to the North and West of the property, apartments should have an easy time leasing. Loan Amount: $2,300,000 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 an optional nine-month extension at maturity. Final maturity date is 5/1/24.

JCM Development, LLC #5599 | MONTANA – FUNDED

The collateral for this loan consists of an approximately 1.67-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 six building, 24-unit, residential development. Each of the six 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 $2,200 per unit. With an extremely strong rental demand in the area, it is anticipated all the units would be absorbed by the market within one month of completion. The fourplex configuration gives the borrower options of selling individual buildings or refinancing the whole project as an investment. Master Loan Amount: $4,200,000 Yield: 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 4/16/24.

Hughbanks Properties XXII, LLC #5594 | NEVADA – FUNDED

The collateral for this loan is a 9.12 gross acre parcel of land that has been approved for an eight-unit residential neighborhood. Since acquiring the land in 2019, the borrower successfully obtained final action approval for the development in October of 2020. Since that time the borrower prioritized an adjacent project that needed utilities brought to the site before going forward on this property. With utilities now at the property line, the borrower will begin developing the project that will ultimately become a semi-custom home community that will be built by a sister company of the guarantors. Loan Amount: $1,350,000 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: Seven months with no optional extension at maturity. Final maturity date is 5/20/23.

Village at St Rose, LLC #5570 | NEVADA – FUNDED

First Trust Deed collateralized by a 11.7-acre parcel of land approximately 13 miles south of downtown Las Vegas, NV. Since acquiring the property in late 2018, the borrower has continued to work with local city and county officials to get the property zoned for its intended use. Now that the property zoning of “mixed use” is in place, they have continued to work with officials to get the tentative map approved for a 300,000 square-foot development that will feature a mix of retail, office and medical space. Although leasing is ongoing, the borrower has received approval from the tenant that will occupy over 50% of the project. Loan Amount: $13,300,000 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 an optional nine-month extension at maturity. Final maturity date is 3/20/24.

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