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RJJR Investments, LLC | #4568 – NEVADA – FUNDED

First Trust Deed collateralized by 1.66 acres of commercially zoned land located near the intersection of Kyle Canyon Road and US 95, about 18 miles northwest of Las Vegas, NV. Kyle Canyon Road is the main access from Las Vegas to Mt. Charleston, home of the Las Vegas Ski and Snowboard Resort. Although this area has yet to see much growth, most of the land in and around the corridor has been assembled by a few developers who intend to it to be the next growth area. Early in January of 2018, Clark County started the second phase of the 78-million-dollar project to expand the highway all the way to Kyle Canyon Road in anticipation of the imminent growth in the area. It is anticipated the traffic count will more than double on this stretch of highway in the next 20 years. Right now, it is anticipated the overpass that will allow northbound traffic to drive directly past this site is slated to open in June of 2019. Shortly after the overpass opens (one of the final pieces of the overall expansion) we anticipate the borrower will be under contract to sell the land. For more information on the construction

By |November 8th, 2018|Blog, Funded Investments|0 Comments
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FIG Dublin Farms, LLC | #4567 – UTAH – FUNDED

The collateral for this loan is 9.39 acres of land that will consist of 128 townhome lots located in Eagle Mountain, UT (approximately 35 miles south of Salt Lake City, UT). All 128 units are presold as investment properties to the borrower’s clients. The 128 units have been approved by the city which will be accepting a cash performance bond in the amount of about $2,400,000 in early 2019. Money will be held in escrow until the city accepts the cash bond and work begins. Once work begins, it is anticipated that the development will be completed by the end of August 2019. This loan will have pay-downs once the development work is completed but before the construction work begins. Loan Amount: $4,600,000 Yield: 10.25% (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: Nine months with an optional nine-month extension at maturity.

By |October 26th, 2018|Blog, Funded Investments|0 Comments
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BM RE, LLC #4566 | UTAH – FUNDED

First Trust Deed collateralized by a fully developed home in Holladay, Utah (approximately 11 miles south of Salt Lake City, UT). Since acquiring the property, the borrower has begun the demo process which included a roof replacement that needed to be re-engineered. The plumbing is still in progress but is scheduled to be completed in the next 120 days at which point they will sell the home. The home is a five-bedroom, four bath home covering 1,458 square feet and was built in 1959. Loan Amount: $458,000 Yield: 10.25% (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: Six months with a six-month extension.

By |October 26th, 2018|Blog, Funded Investments|0 Comments
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BM RE, LLC #4565 | UTAH – FUNDED

First Trust Deed collateralized by a fully developed home in Ogden, Utah (approximately 35 miles north of Salt Lake City, UT). Since acquiring the property, the borrower has let the tenant remain in the home until the borrower was ready to begin rehab work. The borrower will be ready to start work in 30 days and is scheduled to be completed in the next 90 days at which point they will sell the home. The home is a three-bedroom, two bath home covering 1,168 square feet and was built in 1872. Loan Amount: $122,000 Yield: 10.25% (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: Six months with a six-month extension.

By |October 18th, 2018|Blog, Funded Investments|0 Comments
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BM RE, LLC #4564 | UTAH – FUNDED

First Trust Deed collateralized by a fully developed home in Magna, Utah (approximately 15 miles west of downtown Salt Lake City, UT). Since acquiring the property, the borrower has let the tenant remain in the home until the borrower was ready to begin rehab work. The borrower is now in the process of removing the tenant and has the rehab work scheduled to be completed in the next 80 days at which point they will sell the home. The home is a two-bedroom, one bath home covering 1,178 square feet and was built in 1918. Loan Amount: $150,000 Yield: 10.25% (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: Six months with a six-month extension.

By |October 18th, 2018|Blog, Funded Investments|0 Comments
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BlueM Holdings, LLC #4563 | UTAH – FUNDED

First Trust Deed collateralized by a fully developed home in Salt Lake City, Utah (approximately 3 miles northwest of downtown Salt Lake City, UT). Since acquiring the property, the borrower has completed the demo work and has started “roughing in” the electrical work. Work is scheduled to continue to progress and it is anticipated that the borrower will finish the work in the next 100 days at which point they will sell the home. The home is a three-bedroom, one and a half bath home covering 1,576 square feet and was built in 1907. Loan Amount: $220,000 Yield: 10.25% (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: Six months with a six-month extension.

By |October 9th, 2018|Blog, Funded Investments|0 Comments
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BlueM Holdings, LLC #4562 | UTAH – FUNDED

First Trust Deed collateralized by a fully developed home in Tooele, Utah (approximately 35 miles southwest of Salt Lake City, UT). Since acquiring the property, the borrower worked with the city to obtain construction permits. Although demo has yet to begin, it is scheduled to start shortly. It is anticipated that the borrower will finish the work in the next 120 days at which point they will sell the home. The home is a one-bedroom, one bath home covering 803 square feet and was built in 1943. Loan Amount: $125,000 Yield: 10.25% (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: Six months with a six-month extension.

By |October 9th, 2018|Blog, Funded Investments|0 Comments
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BlueM Holdings, LLC #4561 | UTAH – FUNDED

First Trust Deed collateralized by a fully developed home in Magna, Utah (approximately 14 miles west of Salt Lake City, UT). Since acquiring the property, the borrower has completed most of the demo work and now are awaiting final building permits to complete the rehab of the property. It is anticipated that the borrower will finish the work in the next 120 days at which point they will sell the home. The home is a two-bedroom, one bath home covering 776 square feet and was built in 1918. Loan Amount: $149,000 Yield: 10.25% (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: Six months with a six-month extension.

By |October 9th, 2018|Blog, Funded Investments|0 Comments
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Cyan Circle Townhomes, LLC #4560 | COLORADO – FUNDED

The collateral for this loan consists of 29 mostly finished townhome lots located in Castle Rock, CO (approximately 28 miles south of Denver, CO). These 29 lots represent the third and final phase of a Lokal Homes community known as Forty on Meadows. The previous forty townhomes have been built and sold to end users. For this third and final phase, Lokal Homes will be building the six-building community as a for rent apartment community. It is anticipated the borrower will utilize HUD financing for the take-out financing once construction is completed. Rents for each of the 1,400 square foot, two bedrooms, two and a half bathroom units will go for $1,975. Each of the finished units are valued at about $400,000 per unit. Loan Amount: $1,500,000 Yield: 10.25% (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: Nine months with an optional nine-month extension at maturity.

By |October 9th, 2018|Blog, Funded Investments|0 Comments
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Harmony461, LLC #4559 | NEVADA – FUNDED

First Trust Deed collateralized by 19 approximately 0.08 acre mapped residential lots located in the Northridge community in North Las Vegas, Nevada. This community comes on the heels of the borrower selling out of the 100-lot community kitty-corner to this one as well as the 93-lot community directly to the east of the community. Since the borrower has sold out of both the existing communities over the past few years, the borrower knows exactly what the homebuyers in the area want in the form of floor plans and price points. With that said, this 119-lot community known as Northridge will have an average sales price of $280,000 and average 2,300 square feet in size. It is anticipated the borrower will begin closing homes in the community in the fourth quarter of 2018. Loan Amount: $931,000 Yield: 10.25% (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 |October 1st, 2018|Blog, 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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