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Big Red Holdings, LLC #4621| UTAH – FUNDED

The collateral for this loan is approximately 1.3 acres of land located in Draper, UT (approximately 18 miles south of Salt Lake City, UT). Since acquiring the home that sits on the large plot of land about a year ago, the borrower has worked with the city to get approval for a four-lot community. In about two weeks from the funding of this loan, the borrower will begin the demolition and development of the four lots that will average 0.3 acres each. Also included in the loan proceeds is money to build two homes of roughly 4,000 square feet each. The borrower will be asking $950,000 for each of the two homes and nearly $300,000 if someone wanted to buy one of the two finished lots. Loan Amount: $1,773,000 Yield: 10.5% (Principal Balance ≥ $100,000); 10.0% (Principal Balance < $100,000) 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 extensions at maturity.

By |October 7th, 2019|Funded Investments|0 Comments
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FIG Village at Parkside LLC #4619 | IDAHO – FUNDED

The collateral for this loan is approximately 18 acres of land that will consist of 236 townhome lots located in Meridian, ID (approximately 14 miles west of Boise, ID). Most of the 236 units are presold as investment properties to the borrower’s clients. Since acquiring the property in June of 2019, the borrower received final approval from the city to begin development work on the community. Additionally, 90% of the underground utilities (water, gas, electric, sewer) have been completed and should be finished by the time this loan funds. Streets, curbs, and gutters are expected to be completed by the beginning of November. It is anticipated the borrower will begin vertical construction of the townhomes before the end of the year which would start the partial pay downs of the loan. Loan Amount: $4,800,000 Yield: 10.5% (Principal Balance ≥ $100,000); 10.0% (Principal Balance < $100,000) 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 six-month extension at maturity.

By |September 16th, 2019|Funded Investments|0 Comments
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Harmony Homes Nevada, LLC #4618 | NEVADA – FUNDED

First Trust Deed collateralized by 4.79 net acres of residentially zoned land near the corner of Tropicana Ave and Boulder Hwy in Las Vegas, NV (approximately 10 miles from downtown Las Vegas). Since putting the property under contract in January of 2018, the borrower has successfully obtained approval of a tentative map allowing for the development of a 43-lot subdivision. The lots are roughly 0.6 acres in size which conform to the zoning of surrounding communities. It is anticipated that the borrower will begin development work during the fourth quarter of 2019, complete development in the spring of 2020, and begin selling homes in the summer of 2020. Homes are anticipated to sell between $190,000 and $240,000. Loan Amount: $650,000 Yield: 10.5% (Principal Balance ≥ $100,000); 10.0% (Principal Balance < $100,000) Interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. Term: 6 months with one optional 6-month extension period at maturity.

By |September 12th, 2019|Funded Investments|0 Comments
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FIG Laguna Farms, LLC #4617 | IDAHO – FUNDED

The collateral for this loan is nearly 25 acres of land that will consist of 312 townhome lots located in Nampa, ID (approximately 19 miles west of Boise, ID). Most of the 312 units are presold as investment properties to the borrower’s clients. The final plat map is in the process of being approved by the city and is a condition to closing that must be satisfied to the buyers liking before closing will occur. It is anticipated the borrower will refinance this loan into a development loan in about 120 days after closing at which point, they would have already completed over $1,000,000 of site work. This loan could have paydowns once the development work is completed but before the construction work begins. Loan Amount: $3,400,000 Term: Nine months with no optional extension at maturity. Yield: 10.5% (Principal Balance ≥ $100,000); 10.0% (Principal Balance < $100,000) Interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period.

By |August 19th, 2019|Funded Investments|0 Comments
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Whitaker Farm Development, LLC #4616 | UTAH – FUNDED

First Trust Deed collateralized by roughly 80 acres of farmland which will be developed into 50 estate sized lots. Since working with the land seller about a year ago, our borrower has been working with the city to get approval for the development of a 50-lot residential development. As one of the last projects located along the Provo River, the projects has already drawn a tremendous amount of interest. With only the aid of a website and no real marketing efforts, the project is already more than half reserved. These reservations include all the high-priced lots next to the river. Although the borrower has taken many reservations, no earnest money deposits have been taken in accordance with Utah law. Once the development agreement is adopted by the city, the borrower will legally be allowed to accept earnest money deposits. The city will adopt the development agreement once the development funds are paid. In total, about $6,000,000 of the loan proceeds will be used for the development bond which is the final step to move toward moving dirt and taking nonrefundable deposits from the lot buyers. Loan Amount: $12,500,000 Yield: 11.0% Interest is paid monthly in arrears with payments due on

By |August 5th, 2019|Funded Investments|0 Comments
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Court Hampton Holdings, LLC #4615 | NEVADA – FUNDED

First Trust Deed collateralized by 24 developed residential lots located in the Highlands community which is located ten miles east of Las Vegas, NV. Harmony Homes have sold out of the community directly to the west which they have been selling since 2010. The newly closed subdivision to the west had over 300 lots which were sold with an average sales price of $275,000 over the past two years. This new community known as the Highlands consists of 94 lots which are roughly the same size as the previous community. The borrower intends to build the exact same homes that have sold in the previous community that range from 1,536 – 2,573 square feet and will start with an average sales price of $286,000. Loan Amount: $1,200,000 Yield: 10.50% (Principal Balance ≥ $100,000); 10.00% (Principal Balance < $100,000) Interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. Term: 6 months with one optional 6-month extension period at maturity.

By |August 4th, 2019|Funded Investments|0 Comments
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Dragonstone, LLC #4614 | NEVADA – FUNDED

First Trust Deed collateralized by a finished 1.26-acre residential lot located in the prestigious master plan community of McDonald Highlands in Henderson, Nevada. Since putting the property under contract about five months ago, the borrower has been working with the city and master plan developer to get approval of a lot split. It is anticipated that the final lot split will be recorded by November which will allow the borrower to sell the lots individually. Each of the two proposed lots will have unobstructed views of the Las Vegas valley, including the infamous Las Vegas strip. Each of the two proposed lots will be a half acre each with one of them having a long, secluded driveway approach to the future home. Loan Amount: $664,000 Yield: 10.5% (Principal Balance ≥ $100,000); 10.0% (Principal Balance < $100,000) Interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. Term: 6 months with one optional 6-month extension period at maturity.

By |July 31st, 2019|Funded Investments|0 Comments
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Dragonstone, LLC #4613 | NEVADA – FUNDED

First Trust Deed collateralized by a finished .67-acre residential lot located in the prestigious master plan community of McDonald Highlands in Henderson, Nevada. Since putting the property under contract about five months ago, the borrower has been working with the city and master plan developer to get approval of a lot split. It is anticipated that the final lot split will be recorded by November which will allow the borrower to sell the lots individually. Each of the two proposed lots will have unobstructed views of the Las Vegas valley, including the infamous Las Vegas strip. Additional land will be added to this lot from the master-plan builder to make each of the two proposed lots a half acre each. Loan Amount: $1,286,000 Yield: 10.5% (Principal Balance ≥ $100,000); 10.0% (Principal Balance < $100,000) Interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. Term: 6 months with one optional 6-month extension period at maturity.

By |July 31st, 2019|Funded Investments|0 Comments
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Cullum Homes Inc. #4612 | ARIZONA – FUNDED

First Trust Deed collateralized by a 2.6-acre parcel of land located in Paradise Valley, AZ (approximately 16 miles northeast of downtown Phoenix, AZ). The borrower acquired the land about a year ago and has since worked with the city to obtain a parcel split. The parcel split, which will happen in December 2019, will enable the development and ultimately the construction of two residential homes. Before the parcel split can be completed, the borrower will need to demolish the existing 4,000 square foot home. Once the demolition is complete and parcel split is finalized, the borrower will begin work on the private street to allow access to the back lot. Additionally, the borrower already has the front lot under contract which will create a paydown of $950,000. It is the borrower’s intent to sell the second lot to pay off the remaining loan. If they don’t find a buyer before the parcel split is completed, the buyer will obtain bank financing to complete the construction of the home. If this scenario happens, the loan would subordinate to the construction financing, effectively putting the investors capital into second position on the second lot. Loan Amount: $1,700,000 Yield: 10.5% (Principal Balance ≥

By |July 23rd, 2019|Funded Investments|0 Comments
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GGD Oakdale, LLC #4611 | WASHINGTON – FUNDED

First Trust Deed collateralized by an approximately 110,000 square foot Sears building in Silverdale, WA (about 37 miles west of Seattle, WA). The site is part of a larger, nearly 1,000,000 square foot mall known as the Kitsap Mall. Current tenants of the Kitsap Mall include Dick’s Sporting Goods, Buffalo Wild Wings, Zumiez, American Eagle, Verizon, Macy’s, Spencer Gift, H&M, JCPenney’s, and Kohl’s among many others. Prior to this transaction closing, Sears will sign a short term (less than six month) lease to wind down operations. Our borrower, Rhino Holdings Silverdale, LLC, an affiliate of GGD Oakdale, is currently working with three tenants which would occupy the building in its entirety. Hobby Lobby and Harbor Freight are two tenants the borrower is negotiating with to sign new, long-term leases. Burlington Coat Factory, the third tenant for the space has yet to sign their letter of intent to lease the space. In order to get the building ready for the tenants, the borrower has budgeted nearly $5,000,000 of capital improvements. In addition to the building, the borrower is acquiring the 10+ acres of land surrounding the building that is currently a parking lot. It is the intent of the borrower to

By |July 12th, 2019|Funded Investments|0 Comments
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Ignite Funding, LLC | 2140 E Pebble Road, Suite 160, Las Vegas, NV 89123 | P 702.739.9053 | T 877.739.9094 | F 702.922.6700 | NVMBL #311 | AZ CMB-0932150 | AZ CMBBR-0121055 | 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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