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Funded Investments

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

By |May 17th, 2022|Funded Investments|0 Comments
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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.

By |May 17th, 2022|Funded Investments|0 Comments
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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.

By |May 13th, 2022|Funded Investments|0 Comments
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Meisner Construction, LLC #5402 | MONTANA – FUNDED

The collateral for this loan is a 1.26 acre lot in Bigfork, MT (approximately 100 miles north of Missoula, MT). Known as lot 6 of the Sterling Estates, this lot is one of the best remaining lots in the community. Although the borrower will work with the city to get a 1,924 square foot home approved for the site, the borrower intends to sell the lot prior to construction. The home will consist of three bedrooms and two and half bathrooms. Additionally, there will be a two-car garage and over 600 square feet of covered patio areas. Loan Amount: $139,000 Yield: 10% interest Schedule: 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 Final maturity date is 2/8/23.

By |May 11th, 2022|Funded Investments|0 Comments
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FIG Development, LLC #5401 | ARIZONA – FUNDED

The collateral for this first position trust deed is 15 acres site that was approved by unanimous consent on 9/15/21 for the construction of a 302-unit townhome project which is laid out on the next page. 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: $7,640,600 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

By |May 6th, 2022|Funded Investments|0 Comments
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Mr. Brightside, LLC #5396 | NEVADA – FUNDED

The collateral for this loan is a 5,168 square foot home in the historic area of Las Vegas. The guard gated Rancho Circle has historically been home to the who’s who of Las Vegas. That character has been preserved with recent renovations to this property as well as others in the community. Since putting the property under contract over 15 months ago, the borrower allowed the previous owner time to occupy the property for an additional year. Since the former owner moved out a few months ago, the borrower has spent time and money to get the property partially renovated for a future sale. After closing on the official acquisition of the home, the borrower will complete the estimated $400,000 renovation at which point they will list the property for sale. They anticipate listing the property for sale at $1,900,000. Loan Amount: $1,000,000 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 nine-month extension at maturity. Final maturity date is 11/3/23.  

By |April 28th, 2022|Funded Investments|0 Comments
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Yuma Care, LLC #5394 | ARIZONA – FUNDED

First Trust Deed collateralized by a parcel of a commercially zoned property approximately 170 miles east of San Diego, CA and 180 miles west of Phoenix, AZ. Since the borrower acquired the site in October of 2020, they have worked with the local municipalities to get the property entitled to allow the construction of a geriatric behavioral health facility. This will be the borrowers fifth such facility since 2011 with plans on doing two more each year. Once completed, the property will consist of 16,800 square feet facility with 24 beds. Additionally, Ignite Funding was able to review the appraisal that shows a completed value of the asset at $11,907,000 and a stabilized value of $14,886,000. The pictures on the next page were taken on 3/20/22 to give you a sense of the current progress. Loan Amount: $500,000 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 two optional nine-month extension at maturity. Final maturity date is 7/11/23

By |April 28th, 2022|Funded Investments|0 Comments
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Gold Rose Group, LLC #5382-5389 | NEVADA – FUNDED

First Trust Deed collateralized by 5.03 acres of residentially zoned land in the Northwest part of Las Vegas, NV. The currently undeveloped land is surrounded by properties zoned as rural estates as well as some parcels of slightly higher density. It is the intent of the borrower to get a tentative map (shown on the following page) approved with the city and begin developing the land into two separate four half acre lot communities. Once the land development is completed, the borrower intends to build single family homes on the lots which should average 5,000 square feet each and start at a selling price of $2,100,000. The tentative map is anticipated to become a final map in three months since this is what is considered a conforming zone change. Master Loan Amount: $3,180,000 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 10/16/23.

By |April 14th, 2022|Funded Investments|0 Comments
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Gold Rose Group, LLC #5377-5380 | NEVADA – FUNDED

First Trust Deed collateralized by 2.01 acres of residentially zoned land in the Northwest part of Las Vegas, NV. The currently undeveloped land is surrounded by properties zoned as rural estates as well as some parcels of slightly higher density. It is the intent of the borrower to get a tentative map (shown on the following page) approved with the city and begin developing the land into four half acre lots. Once the land development is completed, the borrower intends to build single family homes on the lots which should average 5,000 square feet each and start at a selling price of $2,100,000. The tentative map is anticipated to become a final map in three months since this is what is considered a conforming zone change. Master Loan Amount: $1,520,000 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 10/16/23.

By |April 14th, 2022|Funded Investments|0 Comments
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Copper Cart, LLC #5374 | NEVADA – FUNDED

The collateral for this loan is a 1.12-acre piece of land located near the corner of Centennial Parkway and Durango Drive. Building permits will be issued shortly for the borrower to start the construction of an 8,555 two tenant retail center. Both suites are preleased with the larger of the two suites leased to Born & Raised “BAR” which is a sports-focus bar catered towards locals. The other suite is preleased to “Firefly Tapas Kitchen & Bar” which has been around since 2003 and a quickly become a locals’ favorite. This is the second building within the center the borrower has constructed and is very similar to multiple other locations they have done over the past few years. Current leases will have the property producing over $380,000 in annual net revenue when completed. Loan Amount: $2,000,000 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 nine-month extension at maturity. Final maturity date is 10/20/23

By |April 4th, 2022|Funded Investments|0 Comments
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Ignite Funding, LLC | 6700 Via Austi Parkway, Suite 300, Las Vegas, NV 89119 | P 702.739.9053 | T 877.739.9094 | F 702.922.6700 | NVMBL #311 | AZ CMB-0932150 | | 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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