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first trust deeds

Harmony Homes Nevada, LLC #6467 | NEVADA – ($600,000 AVAILABLE)

First Trust Deed collateralized by roughly 7.18 acres of residentially zoned land near the corner of Azure and N 5th St in Las Vegas, NV (roughly eight miles north of downtown Las Vegas). The borrower has successfully worked with the city to approve a 108-unit community in the form of 36 triplex buildings. Horizontal development is near completion and vertical construction is beginning with this loan refinancing the borrower’s previous land loan while also providing additional liquidity for part of the funds put into development. Sales have begun for this community and are anticipated to continue through 2025 and potentially into early 2026. With plans ranging from 1000 -1500 square feet and price points starting in the mid to low $300,000’s, these townhomes will help fill the demand for the entry level buyer. Master Loan Amount: $8,100,000 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 6/17/26.

By |December 6th, 2024|Available Investments|0 Comments
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Stonehaven, LLC #6449 | NEVADA – ($5M AVAILABLE)

First Trust Deed collateralized by 5.03 acres of residentially zoned land in the Northwest part of Las Vegas, NV. The subject property is situated between properties zoned as rural estates as well as some parcels of slightly higher density. The borrower has already gotten the tentative map (shown within the below link) approved with the city and has already funded over half of the development for the project themselves. The borrower plans to split the land into two separate four half-acre lot communities, with this loan funding the land development along with the construction of the first two homes. The borrower plans to build single family homes on the lots which should average 6,800 square feet and start at prices of $3,800,000 each. The tentative map is currently approved as paper lots and will see final map approval once the bond work is confirmed with the city which is what is considered a conforming zone. The bond will be posted once this loan is closed. Master Loan Amount: $9,645,000 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

By |November 22nd, 2024|Available Investments|0 Comments
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Lokal Communities, LLC #6387 | COLORADO – FUNDED

First Trust Deed collateralized by 25 finished lots of a residentially zoned property in the growing city of Colorado Springs, CO which is 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 constructed by different builders. Of the 105 lots in the community, the 25 lots being encumbered by this loan represent all remaining unbuilt lots. These lots will each have an attached townhome product built that will be one of five floorplans: Baxter, Clark, Conrad, Ellis, and Sean. Master 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 months with an optional nine-month extension at maturity. Final maturity date is 5/6/26.

By |November 14th, 2024|Funded Investments|0 Comments
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CC Building VI, LLC #6346 | NEVADA – FUNDED

First Trust Deed collateralized by a 1.54-acre parcel of land approximately 16 miles southwest of downtown Las Vegas, NV. This property was developed in 2010 by Stable Development as part of an 8-building corporate center and now is owned in full by the borrower as a stand-alone office building. The borrower has already sold off multiple of the original eight buildings at approximately $304/sf. This property is currently 100% leased and recently renewed the lease of its anchor tenant, The Wealth Consulting Group, through 2034. Additionally, the borrower has agreed to assign rents to Ignite should that be deemed necessary. The borrower plans to hold this asset long-term and is seeking financing from Ignite until more attractive long-term debt options are available, which may occur in late 2025. Loan Amount: $4,400,000 Yield: 11% 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 11.5%. Term: Nine months with an optional nine-month extension at maturity. Final maturity date is 4/7/26.

By |October 10th, 2024|Funded Investments|0 Comments
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Alpine Village, LLC #6315 | NEVADA – FUNDED

A 1.46 acre parcel of land, situated near the mouth of Kyle Canyon in Las Vegas, NV is the collateral for this first trust deed loan. This part of Las Vegas has seen more residential building permits pulled over the past year than nearly all other submarkets. As the old adage goes; “commercial follows rooftops.” This property is a prime example of that. The borrower intends to get zoning approval for the ultimate construction of a fuel station which will be nearly surrounded by newly constructed homes. The borrower also has the property presold and is under contract with a nationally recognized fuel operator who will ultimately construct and occupy the building. The completion of the zoning process which will be the triggering event to sell the project and is anticipated to be completed within nine months. Loan Amount: $1,450,000 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 3/8/26.

By |September 4th, 2024|Funded Investments|0 Comments
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Sequoia – Dorrell Unicorn, LLC #6300 – FUNDED

The collateral for this loan is a 1.05-acre piece of land located near the corner of Bradley Rd and Dorrell Ln. Since acquiring the land in January of 2023, the borrower worked with the city to allow a subdivision map to be recorded splitting the asset into four quarter acre lots, just like what was done across the street. The borrower also worked with the city to get building permits issued to build homes on the site. Each of the four lots will have one of the two homes depicted above built on them (or the mirror images of those homes). The homes will average nearly 2,700 square feet each and have four bedrooms, three bathrooms with an attached three car garage. The borrower has built the same floor plans nearby so he has a great deal of confidence in what they will cost, and more importantly, what home buyers in the area will want. Master Loan Amount: $2,100,000 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 an optional nine-month extension at maturity. The final maturity date is 3/4/2026. *For

By |September 4th, 2024|Funded Investments|0 Comments
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Lokal Communities, LLC #6349 | COLORADO – SOLD OUT

First Trust Deed collateralized by 28 finished residential lots. Located between downtown Denver and the tech center in a prime urban location, these are the remaining lots within an active community. These attached units are three stories tall and range from 1,238 to 2,157 square feet. They all have attached two car garages with up to four bedrooms. Prices range from the high 500’s to the high 700’s. The last takedown is anticipated to happen in April of 2025. Master Loan Amount: $3,612,000 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 no extension available upon maturity. Final maturity date is 6/8/25.

By |September 4th, 2024|Blog|0 Comments
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Keystone Ridge Investments, LLC #6269 – FUNDED

The collateral for this loan is 8 residential lots in Slaton, TX which is approximately 14 miles east of downtown Lubbock, TX. Since acquiring the site, the borrower has successfully worked with the city to subdivide the site into 58 residential lots. The collateral for this loan consists of eight of these lots. Upon the original loan funding, the borrower began building homes on each of the lots that are three bedrooms and two bathrooms each. Each unit is roughly 1,300 sq. ft in size with a two-car attached garage sitting on 1.38 acres of land. The borrower is building 15 units in this community and anticipates building and holding onto each of the units as rentals. Loan Amount: $1,400,000 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 months with an optional nine-month extension period. The final maturity date is 12/2/25.

By |August 22nd, 2024|Funded Investments|0 Comments
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KB Ash Fork, LLC #6325 | ARIZONA – SOLD OUT

First Trust Deed collateralized by a 2,341,786 sq/ft (54 acres) parcel of land in Ash Fork, Arizona. Arizona has the 6th fastest growing economy in the US and Ash Fork is located just outside Flagstaff in central Arizona. Ash Fork offers a small-town atmosphere with the primary economic drivers consisting of wholesale trade and manufacturing. Ash Fork and the greater Flagstaff area continue to see favorable unemployment rates as well, with current rates around 2.4%. Which is well below the national average of 4.1% as of July 2024. This property is located on Highway 66 (I-40), which offers direct access for all vehicles passing through. The borrower intends to build a fully functional travel center occupied by Travel Centers of America via LV Petroleum. This travel center plans to have three QSRs within the location including KFC, Del Taco, and Sbarro Pizza. LV Petroleum has already signed a lease with Kingsbarn to occupy the entire building upon completion. Construction is currently in progress and is expected to be completed in the first quarter of 2025. The franchisee for this Travel Centers of America location has done numerous build-to-suit locations with this developer before, which has allowed for a prelease agreement

By |August 5th, 2024|Blog|0 Comments
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Grays Development Company, Inc #6288 | COLORADO – FUNDED

The collateral for this loan consists of 68 residential housing lots averaging a quarter acre in size, located in Monument, Colorado (approximately 20 minutes north of Colorado Springs, CO). Grays will use these lots to build ranch-style and two-story homes ranging from 3 to 6 bedrooms and 1,875 and 3,083 sq. ft. This quaint neighborhood is conveniently located near the I-25, creating a convenient commute to the Air Force Academy, Colorado Springs, and the Denver Tech Center. It borders Pike National Forest to the west as well as fishing, kayaking, and paddle boarding at Palmer Lake nearby. Other notable nearby places are Garden of The Gods, Seven Falls, Old Colorado City, Red Rock Canyon, and The Olympic Training Center and museum. Master Loan Amount: $13,940,000 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 an optional nine-month extension at maturity. Final maturity date is 1/8/26.

By |July 2nd, 2024|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 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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