Our Pledge to our Investors
Ignite Funding believes strongly in transparency to our Investors, which is why every year we release our Loan Portfolio Performance Record with supporting data. The information contained within the Performance Record includes the following statistics; number of Borrowers, aggregate number of loans and amount funded, loan type by percentage, average annual interest rate paid to Investors, aggregate loan-to-value ratio, average duration of loan terms.
2011 – End of Q1 2023 loan Portfolio Performance Record
Acquisition Loans***
57% Residential
43% Commercial
75 Borrowers****
$853,292,300 Total amount funded
609 Loans funded
10.43% Average annualized interest rate to investors*
61.06% Avg Loan to Value**
11.49 Avg duration of loan term (months)
$78,532,660 Income Paid to Investors
Development Loans
80% Residential
20% Commercial
23 Borrowers****
$383,070,750 Total amount funded
212 Loans funded
10.21% Average annualized interest rate to investors*
67.84% Avg Loan to Value**
9.08 Avg duration of loan term (months)
$30,726,190 Income Paid to Investors
Construction Loans
68% Residential
32% Commercial
27 Borrowers****
$254,668,400 Total amount funded
448 Loans funded
10.14% Average annualized interest rate to investors*
69.43% Avg Loan to Value**
8.95 Avg duration of loan term (months)
$22,075,541 Income Paid to Investors
Total Loans Funded by Year
Commercial vs. Residential Fundings By Year
Average Duration of Loans By Loan Type
Residential and Commercial Borrowing Rates
Having a hard time deciphering some of the data? No worries! Our President, Carrie Cook, has you covered. Carrie and our Director of Underwriting, Pat Vassar, discussed our new and improved performance record in detail in a four-part series on our podcast, Deeds in the Desert. For your convenience, all four episodes are listed below.
Information reflected above is for loans funded in 2011 through Q1 of 2023. *Average annualized interest rate to investors is based upon the annualized interest rate received by investor(s) is dependent upon the payoff before maturity or extension of the loan term. Some loans may payoff before the loan terms which would decrease the duration of the loan, and others may have extensions available that could increase the duration of the loan. **Loan to Value is determined by an appraisal, Broker Price Opinion (BPO), or the valuation provided by the County Assessor’s Office. Loans with an appraisal wavier are not included. *** An acquisition loan includes raw land and/or an existing structure. ****Number of borrowers calculated uniquely by point of contact per segment.
