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first trust deeds

Grays Development Company, LLC #4746 | Colorado – FUNDED

The collateral for this loan consists of 44 partially developed townhome lots located in Colorado Springs, CO (approximately 61 miles south of Denver, CO). These 44 lots are part of a larger 221 lot community known as Victory Ridge which the borrower acquired about a year ago. The townhomes will average 1,500 square feet in size with an anticipated sales price averaging over $340,000. This is the second of three takedowns the borrower has elected to take from the seller. Lokal Homes has the option to purchase the remaining lots within Victory Ridge and are slated to do so in the coming months. Directly to the north of the property is a newly opened Icon Cinema in a growing “Interquest Corridor”. Master Loan Amount: $3,124,000 Tranche Loan Amount: $71,000 Loan Type: This Master Loan will be sold in tranches, giving investors the opportunity to invest in one or more lots in the community. A breakdown of the lots is shown on the next page. Yield: 10.00% 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 two optional 9-month extension period at maturity.

By |July 29th, 2020|Funded Investments|0 Comments
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Sequoia Homes, LLC #4745 | Nevada – FUNDED

The collateral for this loan is an .98-acre lot located in the Northwestern part of Las Vegas (approximately 18 miles northwest of downtown Las Vegas, NV). Since putting the property under contract, the borrower has worked with the city to get the property subdivided into two separate parcels. Although this can be done, it is the borrower’s intent to proceed with building one roughly 3,500 square foot home. This loan would be refinanced into a construction loan in about three months once a permit is ready. Loan Amount: $159,000 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 no optional extension at maturity.

By |July 17th, 2020|Funded Investments|0 Comments
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Gold Rose Construction LLC #4739 | Nevada – FUNDED

The collateral for this loan is an 8,536 square foot home located in the Northern part of Las Vegas (approximately 18 miles northwest of downtown Las Vegas, NV). The home consists of 11 rooms, 4 bedrooms, and 4.25 baths. Additional features of the home include 3 fireplaces and an 8-car garage. The most important feature of the home is the 4.13-acre lot the home sits on. Most homes in this area are on half acre lots. Given the size of the lot, the borrower is working with the city to allow 4 additional lots to be built. Since the tentative map has been approved, the borrower plans to begin development work immediately. Master Loan Amount: $3,600,000 Tranche Loan Amounts: #4740 $2,000,000, #4741 $400,000, #4742 $400,000, #4743 $400,000, #4744 $400,000 Loan Type: This Master Loan will be sold in tranches, giving investors the opportunity to invest in one or more lots in the community. A breakdown of the lots is shown on the next page. Yield: 10.00% 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 9-month extension period at maturity.

By |July 14th, 2020|Funded Investments|0 Comments
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RJJR Investments, LLC #4738 | NEVADA – FUNDED

The collateral for this loan is 8.28 acres of land located on the Southeast corner of Tropical Parkway and Lamb Boulevard in North Las Vegas, NV (approximately 10 miles Northeast of downtown Las Vegas, NV). Currently the land is zoned C-1 which would allow for the development of a neighborhood commercial building. Although the current zoning allows for a commercial property to be built, the borrower has already begun working with an engineer to obtain approval for a residential project. Given the properties that surround this parcel of land, the borrower is expected to get the approval for the residential project in about six months. The property kitty-corner to this project sold in April 2020 for $454,000 per acre with similar qualities. This loan is at $253,000 per acre. The buyer is able to buy this parcel for much less per acre than the similar lot next to it because the expense estimated to import soil to this property is resulting in a lower perceived value for the land. The land is estimated to need approximately 90,000 cubic yards of dirt to elevate the building pads to allow the sewer to operate properly. Typically, bringing in soil would cost $10

By |June 30th, 2020|Funded Investments|0 Comments
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The Herbert, LLC #4736 | NEVADA- FUNDED

The collateral for this loan is 0.32 acres of land located in the heart of the Art’s District of Las Vegas (an area within downtown Las Vegas). Since acquiring the property in November of 2019, the borrower has worked with the city to allow for the construction of a two story, 9,189 square foot mixed-use building in this trendy part of town. The property is approximately 30% preleased and the borrower is working on LOI’s for another 20% of the project. Construction will begin immediately following the funding of this loan and is expected to be completed by the end of the year. The tenant mix will include one restaurant (a preleased tenant) and small executive suit style offices to accommodate businesses who do not need very much space (typically around 1,000 square feet per lease). Loan Amount: $1,125,000 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 |June 29th, 2020|Funded Investments|0 Comments
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Lokal Communities, LLC #4715 | Colorado – FUNDED

The collateral for this loan consists of 20 developed townhome lots located in Colorado Springs, CO (approximately 61 miles south of Denver, CO). These 20 lots are part of a larger 221 lot community know as Victory Ridge which the borrower acquired about a year ago. The townhomes will average 1,500 square feet in size with an anticipated sales price averaging over $340,000. All of the lots encumbered by this loan have partially built homes on them that are about 20% complete and will be finished by the end of the year. Lokal Homes has the option to purchase the remaining lots within Victory Ridge and are slated to do so in the coming months. Directly to the north of the property is a newly opened Icon Cinema in a growing “Interquest Corridor”. Master Loan Amount: $5,000,000 Tranche Loan Amount: $250,000 Loan Type: This Master Loan will be sold in tranches, giving investors the opportunity to invest in one or more lots in the community. A breakdown of the lots is shown on the next page. Yield: 10.00% interest is paid monthly in arrears with payments due on the 1st of each month with a 10- day grace period. Term:

By |June 2nd, 2020|Funded Investments|0 Comments
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Harmony Horizon Ridge, LLC #4663 | NEVADA – FUNDED

First Trust Deed collateralized by 50 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 two phases of the project (most of 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. Master Loan Amount: $3,100,000 Tranche Loan Amount: $62,000 Loan Type: This Master Loan will be sold in tranches, giving investors the opportunity to invest in one or more lots in the community. A breakdown of the lots is shown on the next page. Yield: 10.00% 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 |May 21st, 2020|Funded Investments|0 Comments
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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|0 Comments
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Lokal Communities, LLC #4649 | COLORADO – FUNDED

The collateral for this loan consists of 22 developed townhome lots located in Colorado Springs, CO (approximately 61 miles south of Denver, CO). These 22 lots are part of a larger 221 lot community know as Victory Ridge which the borrower acquired part of about a year ago. Townhomes will average 1,500 square feet in size with an anticipated sales prices averaging $330,000. All of the lots encumbered by this loan have partially built homes on them that are about 50% complete and will be finished by July. Lokal Homes has the option to purchase the remaining lots within Victory Ridge and are slated to do so in the coming months. Directly to the north of the property is a newly opened Icon Cinema in a growing “Interquest corridor”. Loan Amount: $6,000,000 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 extensions at maturity.  

By |March 25th, 2020|Funded Investments|0 Comments
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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|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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