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FIG Village at Parkside LLC #4607 | 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. 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: $2,700,000 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: Six months with an optional six-month extension at maturity.

By |May 23rd, 2019|Funded Investments|0 Comments
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Mosaic Seven, LLC #4606 | NEVADA – FUNDED

First Trust Deed collateralized by a 9.84 acre parcel of land that is currently zoned O-L for open land. The borrower already has the parcel of land under contract to sell to the adjoining landowner as they continue to work through a tentative map approval allowing for the construction of an industrial building. In the picture at the bottom of this page you can see where the 215 intersects the 15 in North Las Vegas. Although this interchange is not completely active right now, work will be completed shortly by the state of Nevada for the complete development of this interchange. This site will be one of the last sites for people to stop at before heading north on the 15 out of Las Vegas. Loan Amount: $1,250,000 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 nine-month extension at maturity

By |May 20th, 2019|Funded Investments|0 Comments
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Mosaic Seven, LLC #4605 | NEVADA – FUNDED

The property consists of 3.03 acres of land located off I-15 in North Las Vegas, NV (approximately 10miles northeast of Las Vegas, NV). There are two big drivers of value for this site. First, although the county records indicate a size of 3.03 acres, the updated survey shows 3.4 acres of land. This means the borrower is purchasing 12% more land, for no additional price per acre. Secondly, this piece is the last piece of an assemblage the borrower is doing in this area. The borrower already owns over 10 acres of adjoining land. This enables the borrower to realize additional value by economies of scale when selling to end buyers. The larger size also allows for many different users because of the configuration of the site. It is anticipated the borrower will complete the entitlement process in the next nine months and sell the property at that time. Additionally, the borrower is currently working with a buyer who is wanting to purchase the property for $1,350,000 once the entitlements have been completed. Although negotiations are early in the process, it is a good indication of the current value. Loan Amount: $900,000 Yield: 11.5% (Principal Balance ≥ $100,000); 11.0% (Principal

By |May 17th, 2019|Funded Investments|0 Comments
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Lokal Shadow Canyon Condos #4603 | Colorado – FUNDED

The collateral for this loan consists of two finished condo lots, which will contain eight condos each, located in Highlands Ranch, CO (approximately 17 miles south of Denver, CO). These 16 units represent all the units within the community that are currently being constructed. The borrower initially purchased 128 partially finished lots in 2017 and has since sold 64 with an average sales price of $280,000. In total, the borrower still owns 64 lots, 16 of which are currently being constructed. The borrower anticipates selling out of the community within 26 months. This loan is in a junior lien position to bank financing which is being used for the construction of the condos. Loan Amount: $976,000 Yield: 11.0% 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 9-month extension at maturity.

By |April 29th, 2019|Funded Investments|0 Comments
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Lokal Shadow Canyon Condos #4602 | COLORADO – FUNDED

The collateral for this loan consists of six mostly finished condo lots, which will contain eight condos each, located in Highlands Ranch, CO (approximately 17 miles south of Denver, CO). These 48 units represent all the units within the community that have yet to be built on. The borrower initially purchased 128 partially finished lots in 2017 and has since sold 64 with an average sales price of $280,000. In total, the borrower still owns 64 lots, 16 of which are currently being constructed. The borrower anticipates selling out of the community within 26 months. Loan Amount: $2,544,000 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 9-month extension at maturity.

By |April 29th, 2019|Funded Investments|0 Comments
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Harmony Homes Nevada, LLC #4601 | NEVADA – FUNDED

First Trust Deed collateralized by 26 finished residential lots located near the Northwest corner of North Commerce Street and West Gowan Road in North Las Vegas, NV (roughly six miles north of Las Vegas, NV). The community is well located near shops and amenities for potential homeowners. Since acquiring the site in September of 2017, the borrower has successfully worked with the city to get approval for the 81-lot community. In addition, the borrower has finished the development work on the site and is begun vertical construction on about 20% of the homes. It is anticipated that the borrower will be completely sold out of the community in late 2020. Home sales have begun with their first closings anticipated in early May with an average sales price of $290,000 and an average size of 1,700 square feet. Loan Amount: $1,171,000 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 |April 22nd, 2019|Funded Investments|0 Comments
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Harmony461, LLC #4600 | NEVADA – FUNDED

First Trust Deed collateralized by seven approximately 0.08 acre fully completed 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 119lot community known as Northridge will have an average sales price of $280,000 and average 2,300 square feet in size. The borrower began closing homes within the community in December of 2018 and is anticipated to sell out of the community in the summer of 2021. Loan Amount: $343,000 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 |April 22nd, 2019|Funded Investments|0 Comments
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Mosaic Seven, LLC #4598 | NEVADA – FUNDED

The properties consist of 7.5 acres of land which was purchased by the borrower in 2016 from the Bureau of Land Management (BLM). Since that time, the borrow has gone through many different rounds of negotiations with the county over land use to get the property rezoned. As of today, the plan is getting a rural subdivision approved to allow for the development and construction of 13 homes. It is anticipated that the property will be fully entitled and ready to develop by the end of the year at which point the borrower will enter into a joint venture agreement with a local homebuilder. Loan Amount: $1,150,000 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: Six months with an optional six-month extension at maturity.

By |April 1st, 2019|Funded Investments|0 Comments
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Lokal Homes, LLC #4597 | COLORADO – FUNDED

The collateral for this loan consists of a completed 2,587 square foot home located in Commerce City, CO (approximately 20 miles northeast of Denver, CO and 12 miles west of Denver International Airport). This home is part of a larger 78 lot community known as Outlook where homes have sold up to nearly $500,000. This last remaining lot in the community is lot number “79” after the city revised the subdivision plat map to remove a pocket park and give the builder an additional lot. This home consists of 3 bedrooms and 2.5 bathrooms and has a two-car garage with an extended patio. Loan Amount: $400,000 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 nine-month extension at maturity.

By |March 27th, 2019|Funded Investments|0 Comments
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Lokal BR7 LLC Loan #4596 | COLORADO – FUNDED

The collateral for this loan consists of a partially completed 2,189 square foot home located in Commerce City, CO (approximately 20 miles northeast of Denver, CO and 12 miles west of Denver International Airport). This home is part of a larger 151 lot community known as Buffalo Run Filing 7. Homes will be priced around $500,000 and will solely consist of single-story ranch style homes. Filing 7 is the last take-down within a larger community know as Buffalo Run that the borrower has already completed the development, construction, and ultimate sale of over 330 homes. This home consists of 3 bedrooms and 2 bathrooms and has a four-car garage with an extended patio. Loan Amount: $470,000 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 nine-month extension at maturity.

By |March 4th, 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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