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first trust deeds

Rhino Holdings Brynwood, LLC #5670 | ILLINOIS – FUNDED

The collateral for this loan is a 121,800 square foot shopping center in Rockford, IL. The ten-acre site is mostly vacant after the anchor grocery store tenant vacated the property in late 2021. The borrower purchased the property at auction in December of 2022 with the property only 11% leased. With a finished replacement cost north of $11,000,000 they knew they were buying a project undervalued with the anticipation of quickly filling the vacant space. Over the past few months since acquiring the site, they have two tenants that will lease 82,000 square feet bringing the vacancy down to 21%. Although no tenants are lined up for the remaining vacant space, a local leasing agent has begun work to find renters. The only national tenant currently occupying the property is Baskin Robbins along with 6 local tenants. Loan Amount: $6,500,000 Yield: 10.5% 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%. Term: Nine months with an optional nine-month extension at maturity. Final maturity date is 7/23/24.

By |January 20th, 2023|Funded Investments|0 Comments
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10FSS 3636 Honea Egypt Rd Montgomery, TX, LLC #5642 | TEXAS – FUNDED

The collateral for this loan consists of an approximately 41,866 net rentable square feet self-storage facility in Montgomery, TX. Montgomery TX is about 45 miles from the heart of Houston. Built in 2007, the 270-unit facility sits on a 10-acre site which will allow for an expansion of an additional 30,000 square feet. Immediately after the acquisition, the borrower will implement its unique automated management platform and focus on increasing in-place rents as well as increasing the current occupancy of 90%. Master Loan Amount: $8,000,000 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 with a final maturity date of 9/15/23.

By |December 13th, 2022|Funded Investments|0 Comments
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Grays Development Company, Inc #5616-5623 | COLORADO – FUNDED

First Trust Deed collateralized by a 7.5-acre parcel of a residentially zoned property 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 (being developed by different builders). The entitlement allows for the development and ultimate construction of 105 townhome lots, all of which are under contract to be sold to Lokal Communities. Since July of this year, Lokal has purchased 48 of the units leaving 57 as collateral for this loan. Lokal will continue buying lots every other month until August when the loan should be paid off in full. Master Loan Amount: $5,682,900 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 5/21/24.

By |December 3rd, 2022|Funded Investments|0 Comments
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Rhino Holdings Sparks, LLC #5605 | NEVADA – FUNDED

Since acquiring a majority of the shopping center for $19,100,000 in the past year, the borrower is looking to refinance the collateral of the remaining 66,000 square foot shopping center. The collateral has existing regional tenants like Dotty’s, Paycheck Advance, Metro PCS, and a T-Mobile cell tower. Other tenants in the center include Tractor Supply Company, Autozone, Harbor Freight Tools, Applebee’s, Jack in the Box, Sizzler, Firehouse Subs, and El Pollo Loco. Since acquiring the property, the borrower worked to get a parcel map recorded to sell individual parcels/buildings to prospective buyers. This was done to take advantage of the arbitrage between bulk sales and triple net sales. Simply put, the parts are worth more than the whole. The borrower will continue to work to increase the current occupancy of 66%. Occupancy would increase to 92% once the four tenants he is currently working with sign a lease. Upon getting the occupancy increased, the borrower will begin to sell individual buildings unlocking the additional value in the property. Master Loan Amount: $14,750,000 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 |November 7th, 2022|Funded Investments|0 Comments
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Sargem Management, LLC #5598 | NEVADA – FUNDED

First Trust Deed collateralized by just over 18 acres of land in North Las Vegas, NV. Although the property is currently a level piece of dirt, it had a vibrant past. The property was home to apartments beginning in the early 1960’s and transitioned into low-income housing in the 80’s. As time went on, the property became very rundown, and riddled with crime. After the Department of Housing and Urban Development foreclosed on the previous owner during the financial crisis of 2008, the borrower began working with HUD and the city of North Las Vegas to plan what will eventually become a key piece to the city. The borrower formally acquired the property in October of 2020 for over $3,000,000 and will formally obtain city approval for an eight-building medical complex in late 2022. The borrower will then construct and sell each of the buildings once completed which is anticipated to begin in about a year. Loan Amount: $6,000,000 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 with an optional nine-month extension at maturity. Final maturity date is 5/1/24.

By |October 27th, 2022|Funded Investments|0 Comments
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SR Decatur Apts, LLC #5595 | NEVADA – FUNDED

The collateral for this loan is a 5.33 gross acre parcel of land that has been approved for multi-family use of up to 191 total units. Located on North Decatur, the property is about five miles Northwest of downtown Las Vegas, NV. Since acquiring the site in 2019, the borrower worked with the appropriate government officials to get the zoning changed to C-1, Limited Commercial District which will allow apartments. Given the good visibility to the North and West of the property, apartments should have an easy time leasing. Loan Amount: $2,300,000 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. *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 5/1/24.

By |October 27th, 2022|Funded Investments|0 Comments
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JCM Development, LLC #5599 | MONTANA – FUNDED

The collateral for this loan consists of an approximately 1.67-acre parcel of land which is currently zoned B-2 giving the borrower options for many business uses such as manufacturing, residential and multifamily. It is the intent of the borrower to get final approval for a six building, 24-unit, residential development. Each of the six buildings would be fourplexes to allow for a multitude of takeout financing options. Each of the units will be three bed, two bath units with rental rates averaging $2,200 per unit. With an extremely strong rental demand in the area, it is anticipated all the units would be absorbed by the market within one month of completion. The fourplex configuration gives the borrower options of selling individual buildings or refinancing the whole project as an investment. Master Loan Amount: $4,200,000 Yield: 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 4/16/24.

By |October 24th, 2022|Funded Investments|0 Comments
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Hughbanks Properties XXII, LLC #5594 | NEVADA – FUNDED

The collateral for this loan is a 9.12 gross acre parcel of land that has been approved for an eight-unit residential neighborhood. Since acquiring the land in 2019, the borrower successfully obtained final action approval for the development in October of 2020. Since that time the borrower prioritized an adjacent project that needed utilities brought to the site before going forward on this property. With utilities now at the property line, the borrower will begin developing the project that will ultimately become a semi-custom home community that will be built by a sister company of the guarantors. Loan Amount: $1,350,000 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. *For investments equal to or greater than $100,000 investors will earn 10.5%. Term: Seven months with no optional extension at maturity. Final maturity date is 5/20/23.

By |October 21st, 2022|Funded Investments|0 Comments
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Chicks Dig Scars, LLC #5565 | NEVADA – FUNDED

The collateral for this loan is a 1.13 acre parcel of land located in the “Arts District” of Las Vegas, Nevada. The Arts District has seen an enormous amount of revitalization after large capital infusions in the area have completely changed the overall dynamics. The 32,000 square foot building was originally constructed in the 1950’s for Mission Linen Supply company which provided uniforms for the casinos throughout the 20th century. The plan of the borrower is to preserve the historical aesthetic of the building by bringing in three synergistic tenants to the area. Half of the space will be occupied by the Evel Knievel Museum which will become the flagship Evel Knievel experience and museum. The other half of the property will be occupied by a pizza tenant and a café. Over the next 12 months, the borrower anticipates spending nearly $10M prior to closing on a construction loan. Total project costs re expected to be $19.2M. Loan Amount: $4,950,000 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. *For investments equal to or greater than $100,000 investors will earn 10.5%. Term: Nine months with

By |September 13th, 2022|Funded Investments|0 Comments
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Rhino Holdings Coldwater, LLC #5557 | MICHIGAN – FUNDED

First Trust Deed collateralized by roughly 11 acres of commercially zoned land in Coldwater Michigan which is midway between Chicago and Detroit. Since purchasing the property in 2019, the borrower has successfully reduced the vacancy by signing Harbor Freight to a long-term lease. Harbor Freight had their grand opening on 8/13/22. Additionally, the borrower is working with another national retailer to increase the overall occupancy to 85%. Once that lease is signed, the borrower will begin to advertise the property for sale. Loan Amount: $3,000,000 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 with an optional nine-month extension at maturity. Final maturity date is 2/13/24.

By |August 23rd, 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 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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