FacebookTwitterLinkedInYouTube

Diversification

Harmony Horizon Ridge, LLC #4650 | NEVADA – FUNDED

First Trust Deed collateralized by 76 partially finished residential lots near the corner of Horizon Ridge Pkwy and Horizon Dr in Henderson, NV (approximately 17 miles southeast of downtown Las Vegas). Since acquiring the property in November of 2018, the borrower has successfully obtained approval for the development of a 154-lot subdivision and subsequently completed most of the development work on the first phase of the project (the lots this loan will be encumbering). The lots are roughly 0.05 acres in size which was done to ultimately build townhomes on. Townhomes in the community will range between 1,121-1,711 square feet with three to five bedrooms and up to three baths with an average sales price of $290,000. Loan Amount: $4,600,000 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: 6 months with one optional 6-month extension period at maturity.

By |April 16th, 2020|Funded Investments|Comments Off on Harmony Horizon Ridge, LLC #4650 | NEVADA – FUNDED
Read More

FIG Laguna Farms, LLC #4648 | IDAHO – FUNDED

The collateral for this loan is nearly 25 acres of land that consists of 312 partially developed townhome lots located in Nampa, ID (approximately 19 miles west of Boise, ID). Most of the 312 units are presold as investment properties to the borrower’s clients. Since acquiring the site, the borrower has completed approximately 80% of the development of the first phase. The individual buyers will pay off this loan as they each acquire construction financing. The first construction loan is expected to be ready in July of 2020 with all the lots expected to be paid off by the end of the year. Loan Amount: $6,400,000 Term: Nine months with an optional nine-month extension at maturity. 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.

By |March 25th, 2020|Funded Investments|Comments Off on FIG Laguna Farms, LLC #4648 | IDAHO – FUNDED
Read More

Rhino Holdings Nampa, LLC #4647 | IDAHO – FUNDED

First Trust Deed collateralized by an approximately 250,000 square foot lifestyle center in Nampa, ID (about 22 miles west of Boise, ID). Current tenants in this mall include national brands such as Big 5 Sporting Goods, Ross Dress for Less, and Jo-Ann Fabric as well as many local tenants. Since acquiring the site in May of 2019, the borrower demolished over 110,000 square feet of indoor shopping area to convert the mall into a regional lifestyle center. Part of the money will pay off the existing loan and part of it will go towards the remaining work that needs to be completed. The money earmarked to complete the site includes money for the parking lot, tenant improvements for on one of the largest remaining vacancies, and an out-parcel needs to be built that is already mostly preleased. The parking lot work will begin immediately while the tenant improvements and outparcel work is not slated to begin for a few weeks. Loan Amount: $13,600,000 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

By |March 11th, 2020|Funded Investments|Comments Off on Rhino Holdings Nampa, LLC #4647 | IDAHO – FUNDED
Read More

Mosaic Seven, LLC Loan #4646 | NEVADA – FUNDED

First Trust Deed collateralized by a four-acre parcel of land that is currently zoned RE for which would allow the development of 8 residential lots. As it currently stands, the parcel of land has a dilapidated home that will need to be torn down when the development work begins. It is anticipated the property will be up zoned later to RS-8 which would allow the development of 25 homes. This area of Las Vegas has recently seen an uptick in land sales as national homebuilders enter this submarket. All the utilities are to the site with adequate capacity for the proposed increase in density. Loan Amount: $2,200,000 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 |March 9th, 2020|Funded Investments|Comments Off on Mosaic Seven, LLC Loan #4646 | NEVADA – FUNDED
Read More

Harmony Homes Nevada, LLC #4644 | NEVADA – FUNDED

First Trust Deed collateralized by 43 mostly finished residential lots near the corner of Tropicana Ave and Boulder Hwy in Las Vegas, NV (approximately 10 miles from downtown Las Vegas). Since acquiring the property in September of 2018, the borrower has successfully obtained approval for the development of a 43-lot subdivision and subsequently completed 90% of the development work. The lots are roughly 0.6 acres in size which conforms to that of the surrounding communities. Although the grand opening of this project isn’t until mid-March 2020, the borrower has begun preselling the community and has already completed the construction of four model homes. Homes are anticipated to sell between $200,000 and $260,000 with square footages ranging from 1106 square feet to 1597 square feet. Loan Amount: $2,225,000 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 one optional 6-month extension period at maturity.

By |February 24th, 2020|Funded Investments|Comments Off on Harmony Homes Nevada, LLC #4644 | NEVADA – FUNDED
Read More

ME 52 Partners, LLC #4643 | NEVADA – FUNDED

First Trust Deed collateralized by five acres of land which is approximately 18 miles southwest of downtown Las Vegas, NV. The buyer is also under contract to acquire the five acres directly to the south of this property as well (not part of the collateral of this loan). It is the intent of the borrower to finish the entitlement process to enable 55 attached townhomes to be constructed on this site. The zoning for the site directly to the south of this project has already been granted this same zoning, so the real question is when the zoning will be approved? It is anticipated the zoning change will be completed in late summer of 2020 and the tentative map concurrently approved. Once the tentative map is approved and the grading permit is ready, it is the intent of the borrower to pay off the loan. Loan Amount: $1,750,000 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 one optional nine-month extension period at maturity.

By |February 18th, 2020|Funded Investments|Comments Off on ME 52 Partners, LLC #4643 | NEVADA – FUNDED
Read More

Tailor Built Homes, LLC #4536 | UTAH – FUNDED

First Trust Deed collateralized by a soon to be fully developed residential lot (0.19 acres in size) located in Holladay, UT (approximately 17 miles southeast of downtown Salt Lake City, Utah). Loan proceeds will be used for the construction of a three-bedroom, two and a half bath home. The home will be a total of 4,065 square feet with 2,690 square feet of finished space (does not include the partially unfinished basement). The borrower is acquiring all three of the partially finished lots at the end of the street. Money to complete the development will be held at the title company out of the sellers proceeds to complete the development work. The borrower will start all three homes shortly after the development is completed. Loan Amount: $575,000 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 at maturity.

By |June 12th, 2018|Funded Investments|Comments Off on Tailor Built Homes, LLC #4536 | UTAH – FUNDED
Read More

Tailor Built Homes, LLC #4535 | UTAH – FUNDED

First Trust Deed collateralized by a soon to be fully developed residential lot (0.21 acres in size) located in Holladay, UT (approximately 17 miles southeast of downtown Salt Lake City, Utah). Loan proceeds will be used for the construction of a three-bedroom, two and a half bath home. The home will be a total of 4,140 square feet with 2,400 square feet of finished space (does not include the partially unfinished basement). The borrower is acquiring all three of the partially finished lots at the end of the street. Money to complete the development will be held at the title company out of the sellers proceeds to complete the development work. The borrower will start all three homes shortly after the development is completed. Loan Amount: $525,000 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 at maturity.

By |June 12th, 2018|Funded Investments|Comments Off on Tailor Built Homes, LLC #4535 | UTAH – FUNDED
Read More

Why Providing Free Education to Real Estate Investors is a Priority for Ignite Funding

June 2nd marked the third year in a row that Ignite Funding visited and educated investors in the Bay Area of California. Dawn Pitts, Business Development Executive at Ignite Funding has been the presenter at these seminars since its inception. “I have enjoyed educating investors throughout the Southwest United States the last three years and I hope to continue our free education program for years to come,” stated Pitts. Ignite Funding holds over six seminars a year in which all types of investors come to learn about real estate investing, specifically Trust Deeds. Pitts explained that, “Most investors understand the basics of investing in real estate, but when it comes to Trust Deed investing they need a better understanding of the process. That’s where I come in! The reason why we don’t charge some enormous fee like those “real estate gurus” you hear about on TV is simple: investors deserve to learn about these types of investments for free so that their current portfolios stay diversified and mitigate their overall risk. “ By continuing to offer free educational seminars, Ignite Funding hopes to assist investors by offering them double-digit returns through Trust Deed real estate investments. To learn more about

By |June 7th, 2018|In The News|Comments Off on Why Providing Free Education to Real Estate Investors is a Priority for Ignite Funding
Read More
Ignite Funding, LLC | 6700 Via Austi Parkway, Suite 300, Las Vegas, NV 89119 | P 702.739.9053 | T 702.919.4281 | 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.
FacebookTwitterLinkedInYouTube