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BlueM Holdings, LLC #4548 | UTAH – FUNDED

First Trust Deed collateralized by a fully developed four-plex apartment complex in Emery, Utah (approximately 170 miles south of Salt Lake City, UT). Two of the four units in the apartment complex have already been updated by the borrower while the other two will be renovated once the tenants move out at the end of July. The updated units have been renting for a $200 premium which will bring the total monthly cash flow to $1,900 per month. Once the rehab is completed on the last two units, it is the borrower’s intent to sell the building to an investor who will keep it as a cash flowing asset. Loan Amount: $170,000 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: Six months with a six-month extension.

Harmony Homes Nevada, LLC #4547 | NEVADA – FUNDED

First Trust Deed collateralized by 139 finished and partially finished residential lots located near the Southeast corner of North Pecos Road and East Lake Mead Boulevard in North Las Vegas, NV. The lots are part of a larger 222 lot community known as Brookfield that the borrower acquired about a year ago. Since acquiring the site, the borrower has sold 83 since the model home opened in December of 2017. Homes average about $200,000 and range from 1,106 square feet to 1,597 square feet. At the current sales velocity, the borrower expects to be completely sold out of the community in about a year. Loan Amount: $4,485,000 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 9-month extension period at maturity.

Court Hampton Holdings, LLC #4546 | NEVADA – FUNDED

First Trust Deed collateralized by 29 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: $671,000 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: 6 months with one optional 6-month extension period at maturity.

Court Hampton Holdings, LLC #4545 | NEVADA – FUNDED

First Trust Deed collateralized by 13 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: $650,000 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: 6 months with one optional 6-month extension period at maturity.

Court Hampton Holdings, LLC #4544 | NEVADA – FUNDED

First Trust Deed collateralized by 11 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: $550,000 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: 6 months with one optional 6-month extension period at maturity.

Piola Construction, LLC #4543 | WASHINGTON – FUNDED

First Trust Deed collateralized by a 1,040 square foot home in North Seattle, WA (approximately 10 miles north of downtown Seattle, WA). The home is currently two bedroom and one bath, but it has a full unfinished basement and attached garage. The borrower plans on completing the basement and converting the garage into the master suite. The new finished square footage after all is done will be over 2,000 square feet and will be three bedrooms and two and three quarters bathrooms. This is the fifth loan Ignite is originating with the borrower, all of which have sold above the anticipated sales price. Loan Amount: $710,000 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: Six months with an optional six-month extension.

Harmony Homes Nevada, LLC #4542 | NEVADA – FUNDED

First Trust Deed collateralized by 10 mostly 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 begun the development work on the site and is about 80% complete. It is anticipated that the borrower will be completely done with the development in July at which point they will begin construction of the model complex. Home sales should commence in late 2018 with an average sales price of $290,000 and an average size of 1,700 square feet Loan Amount: $454,000 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: 6 months with one optional 6-month extension period at maturity.

Epic Mountains Edge, LLC #4540 | NEVADA – FUNDED

First Trust Deed collateralized by approximately 38.75 acres of raw land located in Las Vegas, Nevada (approximately 12 miles southwest of the Las Vegas Strip).  These 38.75 acres of land were recently put up for sale under two auctions by the Bureau of Land Management and were awarded to our borrower, Epic Mountains Edge. Since being awarded the property in February of this year, the borrower has been working with the city to obtain approval for a residential subdivision. As of June 5, 2018 the borrower has passed the first hurdle of getting the proposed 249 lot residential development approved. Over the next several months, the borrower anticipates getting final approval and beginning to market the paper lots for sale to home builders. This area of Las Vegas is home to all major homebuilders, with this specific area as the fastest growing near Mountains Edge. Loan Amount: $5,500,000 Yield: 10.75% (Principal Balance ≥ $100,000); 10.50% (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 9-month extension period at maturity.

Elation Homes, LLC #4539 | NEVADA – FUNDED

First Trust Deed collateralized by 29 approximately half acre, fully-developed residential lots located in the Valley Heights community in Moapa Valley, Nevada (approximately 58 miles northeast of Las Vegas, NV and 73 miles southwest of St. George, UT). The subdivision includes over 30 homes that are either finished or under contract to be built in the next 30 days. The borrower sold 43 lots within this same community to DR Horton in May for $35,000 per lot and this loan is for under $21,000 per lot. DR Horton is under contract to purchase the remaining lots in the first quarter of 2019. Loan Amount: $600,000 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 9-month extension period at maturity.

Harmony Homes Nevada, LLC #4538 | NEVADA – FUNDED

First Trust Deed collateralized by 17 acres of residentially zoned land near the corner of Vegas Dr and Rancho Dr near North Las Vegas, NV (roughly five miles northwest of downtown Las Vegas). The land is currently zoned R-2 which will allow for the development of 34 homes on the site, but the borrower is working with the city to approve a 248-lot community. The borrower won’t close on the property until final approve is set for the proposed 248 lot community as depicted on the next page. Development work will commence soon after the acquisition and it is anticipated the model homes will be open for sale at the end of 2019. Home sales should average $210,000 and be about 1,500 square feet in size. The sales time frame for this community is expected to stretch into 2022. Loan Amount: $2,106,000 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: 6 months with one optional 6-month extension period at maturity.

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