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 Q3 2023 loan Portfolio Performance Record
Acquisition Loans***
56% Residential
44% Commercial
95 Borrowers****
$938,811,100 Total amount funded
627 Loans funded
10.39% Average annualized interest rate to investors*
60.81% Avg Loan to Value**
11.63 Avg duration of loan term (months)
$90,119,087 Income Paid to Investors
Development Loans
81% Residential
19% Commercial
24 Borrowers****
$470,969,550 Total amount funded
220 Loans funded
10.19% Average annualized interest rate to investors*
68.11% Avg Loan to Value**
9.03 Avg duration of loan term (months)
$35,785,152 Income Paid to Investors
Construction Loans
65% Residential
35% Commercial
35 Borrowers****
$284,747,400 Total amount funded
458 Loans funded
10.14% Average annualized interest rate to investors*
69.50% Avg Loan to Value**
8.94 Avg duration of loan term (months)
$23,354,291 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
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.
