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Diversification

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|0 Comments
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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|0 Comments
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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|0 Comments
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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|0 Comments
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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|0 Comments
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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|0 Comments
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Midway Heritage Development, LLC #5363 | UTAH – FUNDED

First Trust Deed collateralized by roughly .86 acres of land that currently operates as a tire shop. This is the last acquisition of a larger 25-acre project which will eventually be developed into 143 townhome and cottage sized lots as well as a few commercial pads. This is the next phase of the successful Whitaker Farms project the borrower completed a year ago. Although the final map has not been approved, part of the whole project (not the collateral for this loan) is already zoned to allow higher density townhomes. Over the next six months, the borrower will continue to work with the city to get a masterplan approved for the entire site that will eventually turn into a phased development. The lots that will be developed on this plot of land will be some of the last lots to be sold. With that said, we expect the loan to go the full duration of the loan term without partial paydowns. Loan Amount: $2,400,000 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

By |March 2nd, 2022|Funded Investments|0 Comments
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Rhino Holdings Rockford, LLC #5365 | ILLINOIS – FUNDED

The collateral for this loan is 210,000 square foot shopping center. Located in Rockford, IL about 80 miles west Chicago, IL. The property is home to national retailers like Burlington Coat Factory, JoAnne Fabrics, Petsmart, Dollar Tree, and Old Chicago Pizza. The current owner is facing an imminent foreclosure after a few unsuccessful attempts at selling the property. The borrower has negotiated Burlington Coat Factory to downsize its space instead of moving out. In addition, the borrower is relocating JoAnne Fabrics to allow for two new tenants to occupy the property. Once the two new tenants are in, the property will be 92% occupied. Although neither of the new tenants have signed a formal lease, they both have worked with the borrower numerous times in the past and are expected to execute leases within the first six weeks of the borrower’s ownership. In addition to increasing the occupancy of the property, the borrower will add additional value by renovating the entire exterior of the asset. With nearly $4,000,000 in improvements to the property, the asset will be well positioned to be refinanced with cheaper sources of financing or sold on the open market. Master Loan Amount: $13,100,000 Yield: 10% interest

By |March 1st, 2022|Funded Investments|0 Comments
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Future Legends, LLC #5355 | COLORADO – FUNDED

First Trust Deed collateralized by roughly 100 acres of land which will eventually be developed into a youth sports facility, surrounding a professional baseball stadium. The overall complex will combine all elements needed for a successful youth sports faculty including restaurants, fields, hotels, retail, dormitories, and other amenities. Located about two miles east of downtown Windsor (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. This vision is being manifested into the Future Legends Complex which will consist of 12 soccer fields, 10 baseball diamonds, a 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. Master Loan Amount: $11,000,000 Yield: 10% interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. Term: Nine months

By |February 14th, 2022|Funded Investments|0 Comments
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Midway Heritage Development, LLC #5352 | UTAH – FUNDED

First Trust Deed collateralized by roughly 24.9 acres of farmland which will eventually be developed into 143 townhome and cottage sized lots as well as a few commercial pads. This is the next phase of the successful Whitaker Farms project the borrower completed a year ago. Although the tentative map has not been approved, part of the site is already zoned to allow higher density townhomes. Over the next six months, the borrower will continue to work with the city to get a masterplan approved for the entire site that will eventually turn into a phased development. The future fundings of this loan will go towards the approval of the final map of the project. Of the 148 approved paper lots this loan is for, there is money allocated for the development of the first 59 buildable lots. Of the first 59 buildable lots, money is allocated for the construction of the first 12 townhome units. In total, this loan will have 84 paper lots, 47 finished lots, and 12 finished townhomes. As of today, it is not anticipated for the development work to begin until July of 2022. Additionally, the borrower already has over 30 reservations for the townhomes

By |January 26th, 2022|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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