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Green Level West II, LLC #5220 | NORTH CAROLINA – FUNDED

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 continuing the entitlements on the whole 40 acres of land. The other two properties the borrower has under contract will not close until the entitlement process is completed which is currently estimated to be in June of 2022. 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 on their master plan 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. The borrower for this loan is working alongside Duke Health to get the two projects combined into one master plan which will increase the property’s value given the economies of scale. Loan

Gold Rock, LLC #5219 | ARIZONA – FUNDED

The collateral for this loan consists of 24 acres of land in Cave Creek, AZ (approximately 40 miles north of Phoenix, AZ). These 24 acres are planned to be part of a larger 800+ acres on the side of “Gold Mountain”. With amazing views of Phoenix to the south and mountains to the north and east, the project is what the Phoenix, Scottsdale market has been missing. In the Northern Scottsdale area near the location of this property, estate sized lots with multi-million-dollar homes are very common. The difference between what will be developed on this site compared to what already exists in the area is “hillside living”. The borrower, Shaded Horizons, is an expert in the field and it is something that is not prevalent in the area. Over the next six months, the borrower intends to work with the city to get four lots approved on the acreage. It is also the borrower’s intent to acquire the surrounding 800+ acres to ultimately develop a whole master planned community. Right now, there is a partially paved road going through the property that will cost approximately $500,000 more to improve. With entitlement costs and other development costs, the borrower could

Grays Development Company, Inc #5192 | COLORADO – FUNDED

First Trust Deed collateralized by a 7.5-acre parcel of a residentially zoned property approximately 70 miles south of Denver, CO. Located near the cross streets of Centennial and Fillmore, the property is just nine miles to the south of the Colorado Springs Air Force Academy and under ten minutes from downtown Colorado Springs and Garden of the Gods. The surrounding area is seeing immense residential and commercial growth including national quick service restaurants and over 300 apartment units (being developed by different builders). The entitlement will allow for the development and ultimate construction of 105 townhome lots, all of which are under contract to be sold to Lokal Communities. The sale is structured where the buyer must acquire a minimum of two units per month starting in June of 2022 Master Loan Amount: $7,612,500 Yield: 10.00% 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 2/9/23.  

Grays Development Company, Inc #5203-5215 | COLORADO – FUNDED

The collateral for this loan consists of 204 partially developed townhome lots located in Colorado Springs, CO (approximately 61 miles south of Denver, CO). These 204 lots are part of a larger 725 lot community know as Victory Ridge which the borrower originally acquired about three years ago. The townhomes will average 1,500 square feet in size with an anticipated sales price averaging over $430,000. This is the third and final takedown the borrower has elected to take from the seller. Lokal Homes has the option to purchase the remaining lots within Victory Ridge and are slated to do so next year. Lokal Homes, the home builder of this project, is averaging six sales per month since sales began. Directly to the north of the property is a newly opened Icon Cinema in a growing “Interquest Corridor”. The entitlement will allow for the development and ultimate construction of 204 townhome lots, all of which are under contract to be sold to Lokal Communities. The sale is structured where the buyer must acquire a minimum of two units per month starting in July of 2022. Master Loan Amount: $11,832,000 This loan is an acquisition and development tranche loan and therefore the

FIG Jackson Crossing, LLC #5179 – 5191 | UTAH – FUNDED

First Trust Deed collateralized by a 17-acre parcel of a residentially zoned property approximately 40 miles north of Salt Lake City, UT. Since going under contract to purchase the property in August of 2020, the borrower has worked with the city to get approval to build townhomes on the site. Since getting the city approval to build 221 townhome units the borrower will close on the purchase of the property and continue working with the city to get a final map approved for the development. Tranche Loans: Estimated Date - Estimated Amount - Loan # 8/11/2021 - $420,000 - #5179 8/11/2021 - $420,000 - #5180 8/11/2021 - $420,000 - #5181 8/11/2021 - $420,000 - #5182 8/11/2021 - $420,000 - #5183 8/11/2021 - $420,000 - #5184 8/11/2021 - $420,000 - #5185 8/11/2021 - $420,000 - #5186 8/11/2021 - $420,000 - #5187 8/11/2021 - $420,000 - #5188 8/11/2021 - $420,000 - #5189 8/11/2021 - $420,000 - #5190 8/11/2021 - $420,000 - #5191 11/26/2021 - $420,000 - TBD - Not open for investment at this time 12/31/2021 - $420,000 - TBD - Not open for investment at this time 1/28/2022 - $420,000 - TBD - Not open for investment at this time 2/25/2022

Blue Heron Oasi, LLC #5153 – 5177 | NEVADA – FUNDED

First Trust Deed collateralized by nearly 13 acres of residential land near the corner of Warm Springs and Pecos in Las Vegas, NV (approximately 11 miles south of downtown Las Vegas). Since going under contract on the land, the borrower has received approval to build four extra homes than the previous zoning allowed and to build two story homes instead of the one story that was previously permitted. The additional four homes have created an additional 20% of value that the previous owner was unable to “unlock”. Maybe more importantly, the homes will now be two story homes which will give them enough height to overlook the surrounding homes and have views of the Las Vegas Strip. “Strip” views, no matter the location within Las Vegas command a premium over surrounding properties. Once the property is purchased, the borrower will begin development on the site. Ignite Funding intends to be the development lender as well. Master Loan Amount: $6,960,000 Tranche Loan Amount: $290,000 Loan Type: This Master Loan will be sold in tranches, giving investors the opportunity to invest in one or more lots in the community. A breakdown of the lots is shown on the next page. Yield: 10.00%

Dixie Highway Storage, LLC #5151 | FLORIDA – FUNDED

First Trust Deed collateralized by a 1.37-acre parcel of land in North Miami Beach Florida which is a suburb of Miami and approximately 17 miles north of downtown Miami, FL. The property is fully entitled with zoning and site plans in place for a 7- story, 163,660 SF Self-Storage Facility with 1,081 climate-controlled storage units. The site is in an Opportunity Zone in a densely populated area surrounded by several major new developments (see page two for a proximity map). Due to the fact the property is located within an opportunity zone, there are some tremendous tax advantages available to the borrower if they hold the property for at least 10 years which they plan to do. This is one of four properties the borrower is currently in escrow to purchase in Florida. Given the influx of residence and the state’s pro-business mindset, the borrower believes it is an area primed for long term growth. Loan Amount: $4,500,000 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: 9 months with an optional nine-month extension period at maturity.

Hurry It Up We Are Burning Daylight, LLC #5150 | NEVADA – FUNDED

The collateral for this loan is 1.88 acres of land located in Sandy Valley, NV which is about 34 miles southeast of the M Resort (the south point of the Las Vegas Strip). Since acquiring the property in June of 2020, the borrower has worked with the city to allow for the construction of a 10,500 square foot building. The property is 100% preleased to Family Dollar which is a wholly owned subsidiary of Dollar Tree and has been in operations for over 60 years and currently has over 15,000 stores and 250,000 employees. This is one of 600 planned new stores this year for Dollar Tree. Construction will begin immediately following the funding of this loan and is expected to be completed in seven months. Loan Amount: $898,000 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 ninemonth extensions at maturity.

Dragonstone, LLC #5149 | 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 acquiring the property about two years 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 December 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. Additionally, it is anticipated that land will be added to this lot from the masterplan builder to make each of the two proposed lots a half acre each. Loan Amount: $1,350,000 Yield: 10.5% (Principal Balance ≥ $100,000); 10.0% (Principal Balance < $100,000) Interest is paid monthly in arrears with payments due on the 1 st of each month with a 10-day grace period. Term: 9 months with one optional 9-month extension period at maturity.

Rhino Holdings Manitowoc, LLC #5148 | WISCONSIN – FUNDED

First Trust Deed collateralized by an approximately 87,000 square foot former Shopko store in Manitowoc, WI (about 80 miles north of Milwaukee, WI). Although the property is currently vacant, the borrower has a lease ready to be signed with a national retailer to occupy about 20% of the property. Once the new tenant is signed up (shortly after acquiring the property), the borrower will begin the renovation work on the property the tenant has requested. With the remaining unoccupied space, the borrower will hire a local leasing agent to get the space filled. Additionally, the borrower will get the remaining space into a position where only minimal tenant improvements will need to be completed prior to occupancy. Loan Amount: $3,200,000 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 extension periods at maturity

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