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Hard Money

    Copper Cart, LLC #5374 | NEVADA – FUNDED

    The collateral for this loan is a 1.12-acre piece of land located near the corner of Centennial Parkway and Durango Drive. Building permits will be issued shortly for the borrower to start the construction of an 8,555 two tenant retail center. Both suites are preleased with the larger of the two suites leased to Born & Raised “BAR” which is a sports-focus bar catered towards locals. The other suite is preleased to “Firefly Tapas Kitchen & Bar” which has been around since 2003 and a quickly become a locals’ favorite. This is the second building within the center the borrower has constructed and is very similar to multiple other locations they have done over the past few years. Current leases will have the property producing over $380,000 in annual net revenue when completed. Loan Amount: $2,000,000 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 10/20/23

    By |April 4th, 2022|Funded Investments|Comments Off on Copper Cart, LLC #5374 | 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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        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|Comments Off on Future Legends, LLC #5355 | COLORADO – FUNDED
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          FIG Torrey Ranch, LLC #5339 | UTAH – FUNDED

          The collateral for this first position trust deed is 15 acres of a 25-acre master planned community that will be known as Modera Village. This is the borrower’s second of three purchases from the seller that will ultimately house Modera Village, a 700 plus unit “stacked townhome” community. The community will have 23 four story, 28 and 42 plex buildings with dog parks, playgrounds, a basketball court, club houses, and pools. Loan Amount: $4,000,000 Yield: 12% 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 12.5%. Term: Nine months with an optional nine month extension at maturity. Final maturity date is 7/23/23.  

          By |January 21st, 2022|Funded Investments|Comments Off on FIG Torrey Ranch, LLC #5339 | UTAH – FUNDED
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            Dragonhawk Holdings, LLC #5330-5337 | NEVADA – FUNDED

            First Trust Deed collateralized by eight residential lots in MacDonald Highlands Master Planned Community. These lots are part of the Dragon Rock community within MacDonald Highlands which was developed by the borrower. All of the lots have a purchase option with Blue Heron, one of the top custom home builders in Las Vegas, NV. Once Blue Heron finds a buyer for the lot, it will be purchased directly from our borrower and then Blue Heron will build the customer a home on the purchased lot. These lots have been selling for an average price of nearly $700,000 over the past six months. Master Loan Amount: $2,900,000 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 7/11/23.

            By |January 18th, 2022|Funded Investments|Comments Off on Dragonhawk Holdings, LLC #5330-5337 | NEVADA – FUNDED
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              Hurry It Up We Are Burning Daylight, LLC #5316 | NEVADA – FUNDED

              The collateral for this loan is 1.88 acres of land located in Sandy Valley, NV which is about 34 miles southeast of the M Resort (the south point of the Las Vegas Strip). Since acquiring the property in June of 2020, the borrower has worked with the city to allow for the construction of a 10,500 square foot building. The property is 100% preleased to Family Dollar which is a wholly owned subsidiary of Dollar Tree and has been in operations for over 60 years and currently has over 15,000 stores and 250,000 employees. This is one of 600 planned new stores this year for Dollar Tree. Construction is already in full swing and is expected to be completed in four months. Once the property is constructed and the tenant has occupied the property, the borrower will pay this loan off via a refinance. Loan Amount: $1,796,000 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 |January 5th, 2022|Funded Investments|Comments Off on Hurry It Up We Are Burning Daylight, LLC #5316 | NEVADA – FUNDED
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                Dragonhawk Holdings, LLC #5319-5325 | NEVADA – FUNDED

                First Trust Deed collateralized by seven residential lots in MacDonald Highlands Master Planned Community. These lots are part of the Dragon Rock community within MacDonald Highlands which was developed by the borrower. All of the lots have a purchase option with Blue Heron, one of the top custom home builders in Las Vegas, NV. Once Blue Heron finds a buyer for the lot, it will be purchased directly from our borrower and then Blue Heron will build the customer a home on the purchased lot. These lots have been selling for an average price of nearly $700,000 over the past six months. Master Loan Amount: $2,848,000 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 6/27/23.

                By |January 4th, 2022|Funded Investments|Comments Off on Dragonhawk Holdings, LLC #5319-5325 | NEVADA – FUNDED
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                  Harmony Homes Nevada, LLC #5309-#5315 | NEVADA – FUNDED

                  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 land is currently zoned as a Planned Unit Development since the previous owners have gone through many different iterations with the local municipalities to get zoning approvals. The borrower is currently working with the city to approve a 108-unit community. All 108 units are expected to be in the form of 36 triplex buildings. This tentative map approval for the 108-unit community will happen shortly after the funding of this loan. In about nine months the borrower will begin the development work on the land which is expected to cost nearly $5,000,000. The first home will not be made available for approximately one year. With plans ranging from 1100 -1500 square feet and price points starting in the high $200,000’s, these townhomes will help fill the demand for the entry level buyer. Master Loan Amount: $3,250,800 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.

                  By |December 20th, 2021|Funded Investments|Comments Off on Harmony Homes Nevada, LLC #5309-#5315 | NEVADA – FUNDED
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                    Kyle Canyon Next and Last Frontier, LLC #5271 | NEVADA – FUNDED

                    The collateral for this loan is a 2.48-acre parcel of land located near the intersection of Kyle Canyon Rd and US 95 in the northwest part of Las Vegas. This area has seen explosive growth over the past few years due the masterplan community known as Skye Canyon. Skye Canyon is about 1,000 acres in size and will be home to 6,500 homes. The site is currently zoned as a limited commercial district. Within the zoning designation, the borrower will begin getting a final plat map approved for the development and ultimate construction of a three-parcel plat including a gas station, a drive through, and a two-tenant building pad. All the proposed buildings are preleased with signed LOI’s to Green Valley Grocery, A&W, Dotty’s and Subway. With over 12,000 square feet of commercial space, this property is ideally located on the hard corner of what will become a highly trafficked intersection. Loan Amount: $2,500,000 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

                    By |November 30th, 2021|Funded Investments|Comments Off on Kyle Canyon Next and Last Frontier, LLC #5271 | NEVADA – FUNDED
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                      Rhino Holdings Racine, LLC #5269 | WISCONSIN – FUNDED

                      The collateral for this loan is part of a Home Depot anchored, 264,000 square foot shopping center that sits on about 30 acres of land. The property is situated on the Southeast Corner of a heavily trafficked intersection in Racine, WI which is about 30 miles south of Milwaukee, WI. This loan will only encumber 150,000 square feet of the shopping center that the borrower purchased for $6,700,000 only a few weeks ago. It is the intent of the borrower to increase the occupancy of the project since most of it is vacant. In this submarket where vacancy is less than 10% for this type of product, there is a lot of room to improve just to get to market average. Loan Amount: $4,200,000 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 5/21/23.

                      By |November 29th, 2021|Funded Investments|Comments Off on Rhino Holdings Racine, LLC #5269 | WISCONSIN – 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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