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developed land

Mosaic Seven, LLC #5231 | NEVADA – FUNDED

The collateral for this loan is a two and a quarter-acre parcel of vacant land located in the fast growing “West Henderson” area of Las Vegas, NV. Given the areas pro-development city officials, the area has seen robust growth in the past few years with much more development planned in the near future. Although the property is currently zoned as rural open land with a commercial planned use, it is the intent of the borrower to get approval to allow for industrial design manufacturing which has been approved on many parcels in the area. In addition to this new acquisition, the borrower also owns or controls over 170 additional acres in the area. One of the advantages of parcels in the area is that city officials would be willing to support both residential as well as industrial developments on the site. Loan Amount: $1,540,000 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 4/27/23.

By |October 19th, 2021|Funded Investments|0 Comments
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Mosaic Seven, LLC #5230 | NEVADA – FUNDED

The collateral for this loan is a two and a half-acre parcel of vacant land located in the fast growing “West Henderson” area of Las Vegas, NV. Given the areas pro-development city officials, the area has seen robust growth in the past few years with much more development planned in the near future. Although the property does not currently have a zoning classification, it is the intent of the borrower to get approval to allow for industrial design manufacturing which has been approved on many parcels in the area. In addition to this new acquisition, the borrower also owns or controls over 170 additional acres in the area. One of the advantages of parcels in the area is that city officials would be willing to support both residential as well as industrial developments on the site. Loan Amount: $2,640,000 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 4/27/23.

By |October 15th, 2021|Funded Investments|0 Comments
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Mosaic Seven, LLC #5229 | NEVADA – FUNDED

The collateral for this loan is a five-acre parcel of vacant land located in the fast growing “West Henderson” area of Las Vegas, NV. Given the areas prodevelopment city officials, the area has seen robust growth in the past few years with much more development planned in the near future. Although the property does not currently have a zoning classification, it is the intent of the borrower to get approval to allow for industrial design manufacturing which has been approved on many parcels in the area. In addition to this new acquisition, the borrower also owns or controls over 170 additional acres in the area. One of the advantages of parcels in the area is that city officials would be willing to support both residential as well as industrial developments on the site Loan Amount: $2,640,000 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 4/27/23.

By |October 13th, 2021|Funded Investments|0 Comments
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Bel Canto Utah I, LLC #5223 | UTAH – FUNDED

The collateral for this loan is an approximately 9.33-acre site that will be entitled to allow for the construction of a 237-unit, four-story apartment complex. With a unit mix of 36 studio’s, 107 one-bedrooms, and 94 two-bedroom units, the project is geared to smaller units focused toward the more cost conscience renters. With final plat approved in July of this year, the borrower is in the process of getting final general contractor pricing for the build job which will put them in a position to get construction financing. Loan Amount: $3,408,000 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 3/26/23.

By |September 16th, 2021|Funded Investments|0 Comments
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Rhino Holdings Schaumburg, LLC #5222 | ILLINOIS – FUNDED

The collateral for this loan is a 54,641 square foot, vacant office building siting on a 2.1-acre site. Since acquiring the site earlier this year, the borrower has remedied the deferred maintenance to better position the property for an end user. Although the four-story office building was previously a single tenant office building, the floor plan is conducive to transition into a multi-tenant property. Originally the borrower intended to lease the property before selling it however it will now be sold as-is. The property will be auctioned in November with an anticipated close in December. The auction site expects the property to sell for $1,200,000. Loan Amount: $850,000 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 3/20/23.

By |September 9th, 2021|Funded Investments|0 Comments
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Rhino Holdings Village, LLC #5221 | WASHINGTON – FUNDED

The collateral for this loan is an approximately 5.78-acre site that is currently divided into five separate parcels with nearly 80,000 square feet of rentable space. These five separate parcels were built in 1963-1965 and consists of one large inline retail shopping center, three retail pads, and two apartment buildings. Although the project is nearly 80% leased, the lack of capital improvements to the site in many years has made it very hard to rent much of the remaining space. Our borrower plans to demolish the two apartment buildings and two retail pads to make way for two new drive through retail pads. With the two new drive throughs and the deferred maintenance resolved, the unleased space should quickly be absorbed with national tenants. Current tenants include Grocery Outlet, Kitsap Credit Union, New American Funding along with many local tenants. Loan Amount: $14,000,000 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 3/28/23.

By |September 9th, 2021|Funded Investments|0 Comments
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Gold Rock, LLC #5219 | ARIZONA – FUNDED

The collateral for this loan consists of 24 acres of land in Cave Creek, AZ (approximately 40 miles north of Phoenix, AZ). These 24 acres are planned to be part of a larger 800+ acres on the side of “Gold Mountain”. With amazing views of Phoenix to the south and mountains to the north and east, the project is what the Phoenix, Scottsdale market has been missing. In the Northern Scottsdale area near the location of this property, estate sized lots with multi-million-dollar homes are very common. The difference between what will be developed on this site compared to what already exists in the area is “hillside living”. The borrower, Shaded Horizons, is an expert in the field and it is something that is not prevalent in the area. Over the next six months, the borrower intends to work with the city to get four lots approved on the acreage. It is also the borrower’s intent to acquire the surrounding 800+ acres to ultimately develop a whole master planned community. Right now, there is a partially paved road going through the property that will cost approximately $500,000 more to improve. With entitlement costs and other development costs, the borrower could

By |August 30th, 2021|Funded Investments|0 Comments
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Grays Development Company, Inc #5192 | COLORADO – FUNDED

First Trust Deed collateralized by a 7.5-acre parcel of a residentially zoned property approximately 70 miles south of Denver, CO. Located near the cross streets of Centennial and Fillmore, the property is just nine miles to the south of the Colorado Springs Air Force Academy and under ten minutes from downtown Colorado Springs and Garden of the Gods. The surrounding area is seeing immense residential and commercial growth including national quick service restaurants and over 300 apartment units (being developed by different builders). The entitlement will allow for the development and ultimate construction of 105 townhome lots, all of which are under contract to be sold to Lokal Communities. The sale is structured where the buyer must acquire a minimum of two units per month starting in June of 2022 Master Loan Amount: $7,612,500 Yield: 10.00% 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 2/9/23.  

By |August 30th, 2021|Funded Investments|0 Comments
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Blue Heron Oasi, LLC #5153 – 5177 | NEVADA – FUNDED

First Trust Deed collateralized by nearly 13 acres of residential land near the corner of Warm Springs and Pecos in Las Vegas, NV (approximately 11 miles south of downtown Las Vegas). Since going under contract on the land, the borrower has received approval to build four extra homes than the previous zoning allowed and to build two story homes instead of the one story that was previously permitted. The additional four homes have created an additional 20% of value that the previous owner was unable to “unlock”. Maybe more importantly, the homes will now be two story homes which will give them enough height to overlook the surrounding homes and have views of the Las Vegas Strip. “Strip” views, no matter the location within Las Vegas command a premium over surrounding properties. Once the property is purchased, the borrower will begin development on the site. Ignite Funding intends to be the development lender as well. Master Loan Amount: $6,960,000 Tranche Loan Amount: $290,000 Loan Type: This Master Loan will be sold in tranches, giving investors the opportunity to invest in one or more lots in the community. A breakdown of the lots is shown on the next page. Yield: 10.00%

By |July 26th, 2021|Funded Investments|0 Comments
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GGD Oakdale, LLC #5152 | MICHIGAN – FUNDED

First Trust Deed collateralized by an approximately 136,000 square foot former Sears building which is part of the larger Jackson Crossing Shopping Mall in Jackson, MI (about 78 miles east of Detroit, MI). Current tenants in this mall include national brands such as Kohl’s, T.J. Maxx, Bed Bath & Beyond, Best Buy, and Target (these tenants occupy property inside the mall but not the collateral of this loan). Since acquiring the site in December of 2019, the borrower has demised the interior of the Sears building and updated the property to new building codes. Going forward, the borrower needs additional capital for the specific tenant improvements to the six new suites (the floor plan is on the next page). Tenants such as Hobby Lobby, Burlington, and Planet Fitness have all signed leases or letters of intent. These three tenants would occupy over 80% of the space and the remaining three smaller suites would be rented to local tenants once they are procured. With average lease rates of $7.00 per square foot, the property will generate enough cash flow to cover interest payments with just the three tenants already identified. Loan Amount: $10,000,000 Yield: 10.5% (Principal Balance ≥ $100,000); 10.0% (Principal

By |July 26th, 2021|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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