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Vanquish Capital, LLC #5530 | ARIZONA – FUNDED

The collateral for this first position trust deed is 3.3-acre site that was conditionally approved on 5/4/22 for the construction of a 72-unit townhome project which is laid out on the next page. Since putting the property under contract nearly 14 months ago, not only has the borrower “added value” by locking in their purchase price in a rapidly improving real estate market, but they have also added value by reducing risk in the project by getting the property mostly entitled. Typically, FIG would sell each of the units to individual investors but have found one investor that wants the entire project. With that said, once the building permits are ready to be issued, the investor will close on the sale of the property and purchase it from FIG in one transaction. In the unlikely event the buyer falls out of contract, FIG’s regular investors will acquire individual buildings. Loan Amount: $1,700,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. *For investments equal to or greater than $100,000 investors will earn 10.5% Term: Nine months with an optional extension at maturity. Final maturity date is 1/6/24.

Blue Heron Strata, LLC #5526 | NEVADA – FUNDED

Second Trust Deed collateralized by 4.59 acres of residential land near the corner of Moon Hill Dr and Highland Shores Dr in Henderson, NV (approximately 20 miles southeast of downtown Las Vegas). Although the property is currently 4.59 acres, the borrower is acquiring additional land adding to a boundary line adjustment that would add about 10% more land to the property. Additionally, the lots are currently partly complete, and the seller is obligated to finish the lots before all the money is released to them from escrow. This is anticipated to occur in August of 2022. Homes in this development will average nearly 5,000 square feet with an average sales price of nearly $3,000,000. Within the Lake Las Vegas master planned community in which the development is located, there is a price premium associated with homes that have view of the lake. Most of the lots in this development will have unobstructed views of the lake. Loan Amount: $1,000,000 Yield: 11% 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 extensions at maturity. Final maturity date is 1/5/23.

Citywide Land & Development, LLC #5517-5519 | TEXAS – FUNDED

First Trust Deed collateralized by ten fully developed residential lots in Odessa, TX (about 350 miles west of Dallas, TX and 140 miles south of Lubbock, TX). Ranked as one of the fastest growing micro cities in America, there is a need for new housing supply in this area. The borrower on the loan is acquiring the 10 approximately 0.13 acre lots and has a contractor building each of the units. Each of the 10 units average 1,820 square feet and are three bedrooms with two bathrooms. It is the current intent of the borrower to lease up the units and then sell them to their investors Master Loan Amount: $2,530,000 Yield: 10 % 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 12/13/23

Green Level West II, LLC #5523 | 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. 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 Amount: $3,450,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. *For investments equal to

Future Legends, LLC #5524 | COLORADO – FUNDED

Second Trust Deed collateralized by roughly 100 acres of land which will eventually be developed into a youth sports facility, surrounding a professional baseball stadium. This property is located about two miles east of downtown Windsor, CO (60 miles north of Denver, CO). After purchasing the Orem Owlz’ minor league baseball team in 2004, the borrower envisioned developing a youth sports complex integrated into a minor league baseball facility. His vision is being manifested through the Future Legends Complex which will consist of 12 soccer fields, 10 baseball diamonds, 1 64-team dorm, with retail shops and hotels surrounding the complex. This loan will encumber everything owned by the borrower in the area excluding the stadium and retail area which already has bank financing in place or in process. The 100 collateralized acres will continue to be developed by the borrower using the financing from this loan and additional money from the borrower. Loan Amount: $3,600,000 Yield: 13% 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 12/24/23

Harmony Homes Nevada, LLC #5499-5512 | NEVADA – FUNDED

First Trust Deed collateralized by nearly 15.19 acres of land near the corner of Ann and Losee in North Las Vegas, NV (roughly 10 miles north of downtown Las Vegas). The land was zoned C-1 for Neighborhood Commercial which would allow for the development of your typical strip malls and drive through restaurants. The borrower has been working with local officials since putting the property under contract in December of 2021 to get the property rezoned for residential. The borrower believes that the zoning change will occur in the next few months. Once the zoning change occurs, they will work with local officials to get a tentative map approved for the development and ultimately construction of a 196-lot community as shown on the next page. The borrower has developed and sold over 500 homes near the corner of Ann and Losee since 2009 and are very familiar with what it takes to get the zoning completed, site plan approved, the land developed, and the finished homes closed. Master Loan Amount: $9,114,000 Yield: 10% 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

Half Barrel, Inc #5406 | WYOMING – FUNDED

The collateral for this loan is a 4,735 square foot liquor store that sits on 1.18 acres of land. In addition to the 1.18 acres of land and liquor store, the borrower is also acquiring the 12.23 acres of adjoining undeveloped land. Currently the borrower intents to get a subdivision map approved separating the liquor store from the remaining land as well as get a commercial zoning designation for the undeveloped land. Once approved, they intend to refinance the liquor store through a local bank creating a paydown on the loan. Concurrently, they will look to sell of the remaining acreage. As of a few weeks ago, they are in discussions with a hotel chain that is looking to partner with them to build a new hotel on part of the remaining land. With the land that remains after refinancing the liquor store and selling the hotel portion, the borrower is looking to sell it as a future multifamily site. Loan Amount: $2,590,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. *For investments equal to or greater than $100,000 investors will earn 10.5%. Term: Nine months

Rhino Holdings Andrews, LLC #5405 | TEXAS – FUNDED

The collateral for this loan is 62 room hotel in Andrews, TX which is about 100 miles south of Lubbock, TX. The current hotel sits on 3.57 acres of land that is currently being operated under the “Oakwood Suites” umbrella. In talking with numerous hotel operators, the borrower is close to signing a Property Improvement Plan (PIP) to convert the branding of the hotel into a more well-known franchise to increase the occupancy, and ultimately increase its value. In a more formalized way, the PIP tells the property owner what needs to be changed to the property in order for the new operator to begin operations. It is an exhaustive list covering all items imaginable from large scale deferred maintenance items all the way down to the mundane such as thread counts on sheets or number of cups in a room. The borrower anticipates completing the PIP in five months and then will look to sell the asset when the property is in position to command a higher price. Loan Amount: $2,800,000 Yield:  10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10- day grace period. *For investments equal to or

Westside Land Holdings, LLC #5404 | UTAH – FUNDED

The collateral for this first position trust deed is a 32.8 acres site that will eventually be developed into an industrial complex. The borrower has worked for about two years to acquire multiple parcels of land and assemble them into a large, undivided site which has allowed for some economic efficiencies when dealing with this size of a project. Given the size, one of the largest industrial developers has taken notice and currently has the property under contract to purchase from the borrower for over $21,000,000. Although some dirt will need to be brought to the site to raise the ground level, all utilities are stubbed to the site from Center Street. Loan Amount: $9,000,000 Yield: 11% 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 no options to extend.

Vanquish Capital, LLC #5403 | ARIZONA – FUNDED

The collateral for this first position trust deed is a 10.95 acres site that will eventually be developed into 165 townhome lots. Since putting the property under contract nearly 16 months ago, not only has the borrower “added value” by locking in their purchase price in a rapidly improving real estate market, but they have also added value by reducing risk in the project by getting the property fully entitled. Typically, FIG would sell each of the buildings to individual investors but have found one investor that wants the entire project. With that said, once the building permits are ready to be issued, the investor will close on the sale of the property and purchase it from FIG in one transaction. In the unlikely event the buyer falls out of contract, FIG’s regular investors will acquire individual buildings. Loan Amount: $3,250,500 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. *For investments equal to or greater than $100,000 investors will earn 10.5%. Term: Nine months with an optional extension at maturity. Final maturity date is 11/21/23.

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