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Diversification

    Future Legends, LLC #5524 | COLORADO – FUNDED

    Second Trust Deed collateralized by roughly 100 acres of land which will eventually be developed into a youth sports facility, surrounding a professional baseball stadium. This property is located about two miles east of downtown Windsor, CO (60 miles north of Denver, CO). After purchasing the Orem Owlz’ minor league baseball team in 2004, the borrower envisioned developing a youth sports complex integrated into a minor league baseball facility. His vision is being manifested through the Future Legends Complex which will consist of 12 soccer fields, 10 baseball diamonds, 1 64-team dorm, with retail shops and hotels surrounding the complex. This loan will encumber everything owned by the borrower in the area excluding the stadium and retail area which already has bank financing in place or in process. The 100 collateralized acres will continue to be developed by the borrower using the financing from this loan and additional money from the borrower. Loan Amount: $3,600,000 Yield: 13% 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 12/24/23

    By |June 28th, 2022|Funded Investments|Comments Off on Future Legends, LLC #5524 | COLORADO – FUNDED
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      Harmony Homes Nevada, LLC #5499-5512 | NEVADA – FUNDED

      First Trust Deed collateralized by nearly 15.19 acres of land near the corner of Ann and Losee in North Las Vegas, NV (roughly 10 miles north of downtown Las Vegas). The land was zoned C-1 for Neighborhood Commercial which would allow for the development of your typical strip malls and drive through restaurants. The borrower has been working with local officials since putting the property under contract in December of 2021 to get the property rezoned for residential. The borrower believes that the zoning change will occur in the next few months. Once the zoning change occurs, they will work with local officials to get a tentative map approved for the development and ultimately construction of a 196-lot community as shown on the next page. The borrower has developed and sold over 500 homes near the corner of Ann and Losee since 2009 and are very familiar with what it takes to get the zoning completed, site plan approved, the land developed, and the finished homes closed. Master Loan Amount: $9,114,000 Yield: 10% 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 |June 7th, 2022|Funded Investments|Comments Off on Harmony Homes Nevada, LLC #5499-5512 | NEVADA – FUNDED
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        Half Barrel, Inc #5406 | WYOMING – FUNDED

        The collateral for this loan is a 4,735 square foot liquor store that sits on 1.18 acres of land. In addition to the 1.18 acres of land and liquor store, the borrower is also acquiring the 12.23 acres of adjoining undeveloped land. Currently the borrower intents to get a subdivision map approved separating the liquor store from the remaining land as well as get a commercial zoning designation for the undeveloped land. Once approved, they intend to refinance the liquor store through a local bank creating a paydown on the loan. Concurrently, they will look to sell of the remaining acreage. As of a few weeks ago, they are in discussions with a hotel chain that is looking to partner with them to build a new hotel on part of the remaining land. With the land that remains after refinancing the liquor store and selling the hotel portion, the borrower is looking to sell it as a future multifamily site. Loan Amount: $2,590,000 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

        By |May 31st, 2022|Funded Investments|Comments Off on Half Barrel, Inc #5406 | WYOMING – FUNDED
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          Rhino Holdings Andrews, LLC #5405 | TEXAS – FUNDED

          The collateral for this loan is 62 room hotel in Andrews, TX which is about 100 miles south of Lubbock, TX. The current hotel sits on 3.57 acres of land that is currently being operated under the “Oakwood Suites” umbrella. In talking with numerous hotel operators, the borrower is close to signing a Property Improvement Plan (PIP) to convert the branding of the hotel into a more well-known franchise to increase the occupancy, and ultimately increase its value. In a more formalized way, the PIP tells the property owner what needs to be changed to the property in order for the new operator to begin operations. It is an exhaustive list covering all items imaginable from large scale deferred maintenance items all the way down to the mundane such as thread counts on sheets or number of cups in a room. The borrower anticipates completing the PIP in five months and then will look to sell the asset when the property is in position to command a higher price. Loan Amount: $2,800,000 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

          By |May 17th, 2022|Funded Investments|Comments Off on Rhino Holdings Andrews, LLC #5405 | TEXAS – FUNDED
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            Westside Land Holdings, LLC #5404 | UTAH – FUNDED

            The collateral for this first position trust deed is a 32.8 acres site that will eventually be developed into an industrial complex. The borrower has worked for about two years to acquire multiple parcels of land and assemble them into a large, undivided site which has allowed for some economic efficiencies when dealing with this size of a project. Given the size, one of the largest industrial developers has taken notice and currently has the property under contract to purchase from the borrower for over $21,000,000. Although some dirt will need to be brought to the site to raise the ground level, all utilities are stubbed to the site from Center Street. Loan Amount: $9,000,000 Yield: 11% 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 no options to extend.

            By |May 17th, 2022|Funded Investments|Comments Off on Westside Land Holdings, LLC #5404 | UTAH – FUNDED
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              Vanquish Capital, LLC #5403 | ARIZONA – FUNDED

              The collateral for this first position trust deed is a 10.95 acres site that will eventually be developed into 165 townhome lots. Since putting the property under contract nearly 16 months ago, not only has the borrower “added value” by locking in their purchase price in a rapidly improving real estate market, but they have also added value by reducing risk in the project by getting the property fully entitled. Typically, FIG would sell each of the buildings to individual investors but have found one investor that wants the entire project. With that said, once the building permits are ready to be issued, the investor will close on the sale of the property and purchase it from FIG in one transaction. In the unlikely event the buyer falls out of contract, FIG’s regular investors will acquire individual buildings. Loan Amount: $3,250,500 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 extension at maturity. Final maturity date is 11/21/23.

              By |May 13th, 2022|Funded Investments|Comments Off on Vanquish Capital, LLC #5403 | ARIZONA – FUNDED
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                FIG Development, LLC #5401 | ARIZONA – FUNDED

                The collateral for this first position trust deed is 15 acres site that was approved by unanimous consent on 9/15/21 for the construction of a 302-unit townhome project which is laid out on the next page. Since putting the property under contract nearly 16 months ago, not only has the borrower “added value” by locking in their purchase price in a rapidly improving real estate market, but they have also added value by reducing risk in the project by getting the property fully entitled. Typically, FIG would sell each of the buildings to individual investors but have found one investor that wants the entire project. With that said, once the building permits are ready to be issued, the investor will close on the sale of the property and purchase it from FIG in one transaction. In the unlikely event the buyer falls out of contract, FIG’s regular investors will acquire individual buildings. Loan Amount: $7,640,600 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 extension at maturity. Final maturity

                By |May 6th, 2022|Funded Investments|Comments Off on FIG Development, LLC #5401 | ARIZONA – FUNDED
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                  Mr. Brightside, LLC #5396 | NEVADA – FUNDED

                  The collateral for this loan is a 5,168 square foot home in the historic area of Las Vegas. The guard gated Rancho Circle has historically been home to the who’s who of Las Vegas. That character has been preserved with recent renovations to this property as well as others in the community. Since putting the property under contract over 15 months ago, the borrower allowed the previous owner time to occupy the property for an additional year. Since the former owner moved out a few months ago, the borrower has spent time and money to get the property partially renovated for a future sale. After closing on the official acquisition of the home, the borrower will complete the estimated $400,000 renovation at which point they will list the property for sale. They anticipate listing the property for sale at $1,900,000. Loan Amount: $1,000,000 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 11/3/23.  

                  By |April 28th, 2022|Funded Investments|Comments Off on Mr. Brightside, LLC #5396 | NEVADA – FUNDED
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                    Gold Rose Group, LLC #5377-5380 | NEVADA – FUNDED

                    First Trust Deed collateralized by 2.01 acres of residentially zoned land in the Northwest part of Las Vegas, NV. The currently undeveloped land is surrounded by properties zoned as rural estates as well as some parcels of slightly higher density. It is the intent of the borrower to get a tentative map (shown on the following page) approved with the city and begin developing the land into four half acre lots. Once the land development is completed, the borrower intends to build single family homes on the lots which should average 5,000 square feet each and start at a selling price of $2,100,000. The tentative map is anticipated to become a final map in three months since this is what is considered a conforming zone change. Master Loan Amount: $1,520,000 Yield: 10% 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 10/16/23.

                    By |April 14th, 2022|Funded Investments|Comments Off on Gold Rose Group, LLC #5377-5380 | NEVADA – FUNDED
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                      Goodyear 49, LLC #5367 | ARIZONA – FUNDED

                      The collateral for this loan is a 4.6 net acre site in Goodyear, AZ. The project will consist of 47 attached residential townhome units. All units will have three bedrooms and two and a half bathrooms ranging from 1,690-1,801 square feet. The modern looking townhomes will be constructed as a “build-to-rent” townhome project. The finished project will operate like an apartment complex but will be built with individual townhome units allowing the buyer of the property the flexibility to sell off individual units when they see fit. Metro Phoenix is home to about 5 million people where net migration continues to fuel its growth. Over the past two decades, Phoenix has grown by nearly 100,000 people every year. Phoenix’s relatively young population with the age cohort 25-34 containing the largest percentage of residents (about 15%) are ideal purchasers/renters for the entry level townhomes. The buyer has been approached by multiple equity firms to purchase the finished product when each of the buildings are completed. Master Loan Amount: $18,312,000 Yield: 10% interest Schedule: 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 two optional nine-month extension

                      By |March 15th, 2022|Funded Investments|Comments Off on Goodyear 49, LLC #5367 | ARIZONA – FUNDED
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                      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.
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