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developed land

Dixie Highway Storage, LLC #5151 | FLORIDA – FUNDED

First Trust Deed collateralized by a 1.37-acre parcel of land in North Miami Beach Florida which is a suburb of Miami and approximately 17 miles north of downtown Miami, FL. The property is fully entitled with zoning and site plans in place for a 7- story, 163,660 SF Self-Storage Facility with 1,081 climate-controlled storage units. The site is in an Opportunity Zone in a densely populated area surrounded by several major new developments (see page two for a proximity map). Due to the fact the property is located within an opportunity zone, there are some tremendous tax advantages available to the borrower if they hold the property for at least 10 years which they plan to do. This is one of four properties the borrower is currently in escrow to purchase in Florida. Given the influx of residence and the state’s pro-business mindset, the borrower believes it is an area primed for long term growth. Loan Amount: $4,500,000 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: 9 months with an optional nine-month extension period at maturity.

By |July 22nd, 2021|Funded Investments|0 Comments
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Hurry It Up We Are Burning Daylight, LLC #5150 | NEVADA – FUNDED

The collateral for this loan is 1.88 acres of land located in Sandy Valley, NV which is about 34 miles southeast of the M Resort (the south point of the Las Vegas Strip). Since acquiring the property in June of 2020, the borrower has worked with the city to allow for the construction of a 10,500 square foot building. The property is 100% preleased to Family Dollar which is a wholly owned subsidiary of Dollar Tree and has been in operations for over 60 years and currently has over 15,000 stores and 250,000 employees. This is one of 600 planned new stores this year for Dollar Tree. Construction will begin immediately following the funding of this loan and is expected to be completed in seven months. Loan Amount: $898,000 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 ninemonth extensions at maturity.

By |July 21st, 2021|Funded Investments|0 Comments
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Dragonstone, LLC #5149 | NEVADA – FUNDED

First Trust Deed collateralized by a finished .67-acre residential lot located in the prestigious master plan community of McDonald Highlands in Henderson, Nevada. Since acquiring the property about two years ago, the borrower has been working with the city and master plan developer to get approval of a lot split. It is anticipated that the final lot split will be recorded by December which will allow the borrower to sell the lots individually. Each of the two proposed lots will have unobstructed views of the Las Vegas valley, including the infamous Las Vegas strip. Additionally, it is anticipated that land will be added to this lot from the masterplan builder to make each of the two proposed lots a half acre each. Loan Amount: $1,350,000 Yield: 10.5% (Principal Balance ≥ $100,000); 10.0% (Principal Balance < $100,000) Interest is paid monthly in arrears with payments due on the 1 st of each month with a 10-day grace period. Term: 9 months with one optional 9-month extension period at maturity.

By |July 19th, 2021|Funded Investments|0 Comments
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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

By |July 7th, 2021|Funded Investments|0 Comments
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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:

By |June 16th, 2021|Funded Investments|0 Comments
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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.

By |June 1st, 2021|Funded Investments|0 Comments
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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.

By |May 21st, 2021|Funded Investments|0 Comments
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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.

By |May 13th, 2021|Funded Investments|0 Comments
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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

By |May 13th, 2021|Funded Investments|0 Comments
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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.

By |May 7th, 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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