Rhino Holdings Hermitage, LLC #5147 | PENNSYLVANIA – FUNDED

First Trust Deed collateralized by an approximately 40,000 square foot former Loves Furniture store in Hermitage, PA (about 90 miles east of Cleveland, OH and 70 miles north of Pittsburgh, PA). Although the property is currently vacant, the borrower has a lease ready to be signed with two national retailers to occupy over 60% of the property. Once these new tenants are signed up (shortly after acquiring the property), the borrower will begin the renovation work on the property the tenant has requested. With the remaining unoccupied space, the borrower will hire a local leasing agent to get the space filled. Additionally, the borrower will get the remaining space into a position where only minimal tenant improvements will need to be completed prior to occupancy 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 two optional nine-month extension periods at maturity.

Sargem Management, LLC #5139-5145 | NEVADA – FUNDED

First Trust Deed collateralized by just over 18 acres of land in North Las Vegas, NV. Although the property is currently a level piece of dirt, it had a vibrant past. The property was home to apartments beginning in the early 1960’s and transitioned into low-income housing in the 80’s. As time went on, the property became very rundown, and riddled with crime. After the Department of Housing and Urban Development foreclosed on the previous owner during the financial crisis of 2008, the borrower began working with HUD and the city of North Las Vegas to plan what will eventually become a key piece to the city. The borrower formally acquired the property in October of last year for over $3,000,000 and will formally obtain city approval for an eightbuilding medical complex on 7/21/21. The borrower will then construct and sell each of the buildings once completed which is anticipated to begin in about a year Loan Type: This Master Loan will be sold in tranches, giving investors the opportunity to invest in one or more lots in the complex. Master Loan Amount: $2,600,00 Tranche Loan Amount: Ranging between $121,000 and $604,000 Yield: 10.00% Interest is paid monthly in arrears

Primo Holdings, LLC #5135 | NEVADA – FUNDED

The collateral for this first position loan is an approximately 29-acre site in unincorporated Clark County, just south of Sloan, NV (approximately 10 miles south of “The Strip” in Las Vegas, NV). Although the current zoning classification is Rural Open Land, the county has already approved a plan to rezone the project to a Commercial Tourist designation. Under this newly planned designation, the borrower intents to build three industrial distribution facilities totaling more than 440,000 square feet. In addition to this planned facility, the borrower also owns the land on the other side of the highway which they will construct into another industrial building. Although it is not within the borrower’s current plans, they have received nearly a dozen offers to buy the property with offers up to nearly $12,000,000. This is a piece of property that has not changed ownership in nearly 30 years. The principals of the borrower have worked in the industrial and retail sectors of real estate in and around Las Vegas for over three decades. Loan Amount: $7,000,000 Yield: 11% regardless of investment size. Interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. Term:

Meisner Construction, LLC #5134 | MONTANA – FUNDED

The collateral for this first position loan is an approximately .6-acre lot in Bigfork, MT (approximately 100 miles north of Missoula, MT). Since acquiring the property earlier this year, the borrower has finalized plans with the community and city to construct a 2,450 square foot home on the site. This 50-lot community sits near the shores of the picturesque Swan Lake. This home will consist of four bedrooms and three bathrooms. Additionally, there will be a two-car garage and over 400 square feet of covered patio areas. Loan Amount: $490,000 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. 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 three optional nine-month extensions at maturity.

19North1, LLC #5132 | ARIZONA – FUNDED

First Trust Deed collateralized by approximately 10 acres of land that was once a golf course. Half of the former golf course site has been sold to a national home builder K Hovnanian Homes who has already begun building on the site. K Hovnanian is currently building townhomes ranging from 1,223 square feet to 1,498 square feet with an average closing price around $310,000. The other half of the golf course will be sold to our borrower who will be utilizing the site as a “build to rent” product. All the townhomes our borrower will build will be held onto and operated like an apartment complex instead of being sold off to end users once they are completed. The borrower has already closed on the first of two phases and this loan will encumber the second of two phases (approximately a quarter of the former golf course). Loan Amount: $3,900,000 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 periods at maturity.

Aurora Ocala, LLC #5077 | FLORIDA – FUNDED

The collateral for this loan is an approximately 22-acre site that will be entitled to allow for the construction of a 272-unit apartment building. This parcel of land is located within a larger planned unit development consisting of over 200 acres that will be developed into over 1,000 single family homes and nearly 300 multi-family units. This loan is collateralized by all the multi-family land associated with this development which will consist of 11, three story garden style walk-up buildings directly across from the new $6.5mm Nature Preserve Park. Each unit will average nearly 1,000 square feet in size and rent for over $1,400 each. Loan Amount: $2,600,000 Yield: 11% (Principal Balance ≥ $100,000); 10.5% (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.

Gold Rose Construction, LLC #5080 | NEVADA – FUNDED

The collateral for this loan consists of an approximately half acre lot within the Kensington Manor Subdivision. Proceeds of this loan will be used by the borrower for the construction of an approximately 7,000 square foot two story home and casita. Located in the Northern part of Las Vegas (approximately 18 miles northwest of downtown Las Vegas, NV), this highend home will consist of five bedrooms and seven bathrooms. Additionally, there will be a four-car garage and space for a pool. This is the third construction loan originated by Ignite for the construction of a home within the community. One of the two previous construction loans is under contract to be sold to an end user. Loan Amount: $2,384,000 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.

Elegance Russell, LLC #5079 | NEVADA – FUNDED

This first trust deed is collateralized by 11.16 acres of land currently zoned R-3 for medium density residential housing located about 11 miles southeast of downtown Las Vegas, NV. Since getting the up zoning approved, the borrower will continue to work with the city to get approval on their proposed tentative plat map. The property the borrower intends to develop is a 240-unit age restricted community where only people over the age of 55 will be allowed to live. The borrower currently owns and or manages over 5,000 rental units in and around Las Vegas, so they have a tremendous amount of experience in the field. Loan Amount: $3,700,000 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: Nine months with an optional nine-month extension at maturity.

Thunder Mountain by Bakerson, LLC #5078 | ARIZONA – FUNDED

This first trust deed is collateralized by a nearly 100,000 square foot Quality Inn hotel that will be converted to a 65-unit apartment building. This apartment building will fill a void in the marketplace for market rate, workforce housing. Originally constructed in 1972, this block building has been operating as various brands of hotels and motels. Due to the pandemic and a multitude of macroeconomic events over the past few years, hotels have taken a bit of a hit forcing a consolidation in the industry. Although this property could be viewed as one of the consolidation casualties, the borrower anticipates it to become a great redevelopment opportunity. By converting the property into its highest and best use as an apartment building, it will bring new life and economic opportunity to the asset. After the conversion is completed, net rents are anticipated to be in excess of $300,000 annually. Loan Amount: $3,100,000 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 three optional nine-month extensions at maturity

Rhino Holdings Aurora, LLC #5076 | ILLINOIS – SOLD OUT

First position loan collateralized by a retail shopping center totaling 120,000 square feet in North Aurora, Illinois (about 40 miles west of downtown Chicago, IL). The property is currently 76% occupied to national tenants like Michaels, UFC Gym, Petco, Sally’s Beauty, Dollar Tree, and Bath & Body Works. Six out of the seven existing tenants have been leasing the property for over 11 years each showing their dedication to the property. Target and JC Penny’s flank both sides of the property but are not part of this transaction. With current rents over $911,000 annually, the borrower looks to improve the already well performing asset by leasing the remaining 29,000 square feet of vacancy. Current market rents are about 20% higher than what the existing tenants are paying. Loan Amount: $7,400,000 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.

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