CLIENT LOGIN
Google+YouTubeRssLinkedinTwitterFacebook

Funded Investments

Home/Funded Investments

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|Blog, Funded Investments|0 Comments
Read More

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|Blog, Funded Investments|0 Comments
Read More

FIG Starwood Farms LLC #4595 | TEXAS – FUNDED

The collateral for this loan is approximately 26 acres of land that will consist of 244 townhome lots located in Cypress, TX (approximately 25 miles northwest of Houston, TX). Most of the 244 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 within 100 days after closing at which point, they would have already completed over $1,000,000 of site work. This loan will have pay-downs once the development work is completed but before the construction work begins. Loan Amount: $2,600,000 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|Blog, Funded Investments|0 Comments
Read More

Court Hampton Holdings #4593 | NEVADA – FUNDED

First Trust Deed collateralized by 16 mostly 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 year. 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 1,739 – 2,573 square feet and will start with an average sales price of $280,000. Loan Amount: $705,500 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 |February 22nd, 2019|Blog, Funded Investments|0 Comments
Read More

Lokal Hyland Village #4592 | COLORADO – FUNDED

The collateral for this loan consists of 12 finished townhome lots located in Westminster, CO (approximately 13 miles northwest of Denver, CO). These 12 lots represent all the lots within the community that are unsold and not currently being constructed. The borrower initially purchased 53 finished lots starting in August of 2017 and has since sold 15 with an average sales price of $429,000. The borrower anticipates selling out of the community within 20 months. In the community, other home builders are currently selling single family homes that average over $500,000. There are no other options within a five-mile radius of this project to find new homes priced below $460,000. Loan Amount: $840,000 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 two optional 9-month extensions at maturity.

By |February 19th, 2019|Blog, Funded Investments|0 Comments
Read More

Lokal Hyland Village #4591 | COLORADO – FUNDED

The collateral for this loan consists of 26 finished townhome lots located in Westminster, CO (approximately 13 miles northwest of Denver, CO). These 26 lots represent all the lots within the community that are currently being constructed. The borrower initially purchased 53 finished lots starting in August of 2017 and has since sold 15 with an average sales price of $429,000. The borrower anticipates selling out of the community within 20 months. In the community, other home builders are currently selling single family homes that average over $500,000. There are no other options within a five-mile radius of this project to find new homes priced below $460,000. This loan is in a junior lien position to bank financing which is being used for the construction of the home. Loan Amount: $1,820,000 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 |February 19th, 2019|Blog, Funded Investments|0 Comments
Read More

Blue Heron Obsidian, LLC #4590 | NEVADA – FUNDED

First Trust Deed collateralized by a fully developed 0.3-acre lot in the Obsidian community which is approximately 18 miles south of downtown Las Vegas, Nevada. Obsidian is adjacent to the MacDonald Highlands Community which is nestled in the picturesque McCullough Mountains and has become one of the most sought after addresses in the Las Vegas Valley. Since acquiring the site in May of 2017, the borrower has finished approximately 80% of the development work on this 33-lot community. Of the 33 lots, 10 have been reserved, including three that the borrower is building model homes on. This loan will have a 5,750 square foot home built on it. Currently the borrower has completed approximately 30% of the home and it is anticipated they will finish the construction in July of 2019. Once completed, it will serve as a model home for the community until a buyer is found. Loan Amount: $1,980,000 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: 9 months with one optional nine-month extension period at maturity.

By |February 11th, 2019|Blog, Funded Investments|0 Comments
Read More

Harmony461, LLC #4589 | NEVADA – FUNDED

First Trust Deed collateralized by 14 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: $686,000 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 |February 4th, 2019|Blog, Funded Investments|0 Comments
Read More

Court Hampton Holdings, LLC #4588 | NEVADA – FUNDED

First Trust Deed collateralized by nine mostly 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 year. 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 1,739 – 2,573 square feet and will start with an average sales price of $280,000. Loan Amount: $450,000 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 |February 4th, 2019|Blog, Funded Investments|0 Comments
Read More

Blue Heron Obsidian, LLC #4583 | NEVADA – FUNDED

First Trust Deed collateralized by a fully developed 1.1-acre lot in the Obsidian community which is approximately 18 miles south of downtown Las Vegas, Nevada. Obsidian is adjacent to the MacDonald Highlands Community which is nestled in the picturesque McCullough Mountains and has become one of the most sought after addresses in the Las Vegas Valley. Since acquiring the site in May of 2017, the borrower has finished approximately 70% of the development work on this 33-lot community. Of the 33 lots, 10 have been reserved, including three that the borrower is building model homes on. This loan will have a 7,690 square foot home built on it. Currently the borrower has completed approximately 30% of the home and it is anticipated they will finish the construction in July of 2019. Once completed, it will serve as a model home for the community until a buyer is found. Loan Amount: $3,030,000 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: 9 months with one optional nine-month extension period at maturity.

By |January 10th, 2019|Blog, Funded Investments|0 Comments
Read More
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.
loading