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Ignite Funding

Rhino Holdings Front, LLC #5058 | OHIO – FUNDED

First Trust Deed collateralized by an approximately 20,000 square foot former indoor skating rink in New Philadelphia, OH (about 85 miles south of Cleveland, OH). Although the property is currently vacant, the borrower has a lease ready to be signed with national tenant to occupy the entire property. Once this new tenant is signed up (shortly after acquiring the property), the borrower will begin the renovation work on the property the tenant has requested. The new tenant will then begin their tenant specific work to the building with the anticipation of opening to the public in November. Single tenant assets have seen a hot commodity in today’s real estate marketplace. With this in mind, the borrower has teamed up with this national brand as their preferred developer whereby the tenant tells the borrower what building they want to get into, and the borrower will go out and make it happen. This is one of those transactions Loan Amount: $1,300,000 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 two optional nine-month extension periods

By |March 29th, 2021|Funded Investments|0 Comments
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Rhino Holdings Germantown, LLC #5057 | WISCONSIN – FUNDED

First Trust Deed collateralized by an approximately 21,000 square foot former Sears Outlet building in Germantown, WI (about 21 miles northwest of Milwaukee, WI). Although the property is currently vacant, the borrower has a lease ready to be signed with Harbor Freight to occupy the entire property. Once this new tenant is signed up (shortly after acquiring the property), the borrower will begin the renovation work on the property the tenant has requested. Harbor Freight will then begin their tenant specific work to the building with the anticipation of opening to the public in November. Single tenant assets have seen a hot commodity in today’s real estate marketplace. With this in mind, the borrower has teamed up with Harbor Freight as their preferred developer whereby the tenant tells the borrower what building they want to get into, and the borrower will go out and make it happen. This is one of those transactions. Loan Amount: $2,100,000 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 two optional nine-month extension periods at maturity.

By |March 29th, 2021|Funded Investments|0 Comments
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Huish Construction, LLC #5044-5049 | UTAH – FUNDED

First Trust Deed collateralized by a seven-acre parcel of land approximately 50 miles southeast of downtown Salt Lake City, UT and 20 miles south of Park City, UT. The borrower is under contract to acquire this 3,700 square foot home and the remaining acreage from the trustee of the estate. Once they own the property, they will work with city officials to get the property subdivided into five additional lots. Each of the five newly created lots will be over an acre and be valued at nearly $200,000 each. As a developer and builder himself, the borrower will complete the land development of the newly created subdivision and built through the community. Preliminary discussion with the city about the subdivision have been positive and the borrower anticipates getting fully approved in three months. Master Loan Amount: $1,500,000 Yield: 10.00% (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: 9 months with an optional nine-month extension period at maturity.

By |March 17th, 2021|Funded Investments|0 Comments
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Sunridge Place, LLC #5042 | NEVADA – FUNDED

First Trust Deed collateralized by a seven-acre parcel of land approximately 18 miles south of downtown Las Vegas, NV. Since going under contract about a year ago, the borrower has successfully worked with city officials to get the property zoned for a regional mixed-use designation. It is the borrower’s intent to complete the final map for a 236-unit multifamily development. This 200,000 square foot property would be the second large multifamily project the borrower is operating with the first being Tuscan Highlands. Tuscan Highlands is currently under contract for what would be the highest price per unit sales ever in Las Vegas. With a total project cost of over 64 million, this project will be of the same quality finishes as can be found in Tuscan Highlands. It is anticipated the final map and construction financing will be complete within the year at which point the loan would be paid off. Loan Amount: $5,700,000 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: 9 months with an optional nine-month extension period at maturity  

By |March 17th, 2021|Funded Investments|0 Comments
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Brass Monkey, LLC #5041 | NEVADA – FUNDED

The collateral for this loan is 2.63 acres of land located on the Southeast corner of Charleston Blvd and Maryland Pkwy near the heart of downtown Las Vegas, NV. On the land is a 28,620 square foot building that has been part of an ongoing litigation for many years. Originally built in 1944, the property (commonly known as the Huntridge Theater) has not been in operations since 2004 due to ongoing litigation between the current owner and the city. Since the property was listed on the National Register of Historic Places in 1993, the city’s involvement became too much for the current owner to handle. The city put a lien on the property given the numerous code violations which has scared away many potential suiters for the project. Our borrower, Dapper Companies, has already worked with the city to have the liens removed as part of the closing. This alone will unlock tremendous value since any new buyer would not have this burden. Over the next year, the borrower will work to get building permits and leases signed. Once this is completed, this loan will be paid off with a construction loan. Loan Amount: $2,600,000 Yield: 10.5% (Principal Balance ≥

By |March 12th, 2021|Funded Investments|0 Comments
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Harmony Homes Nevada, LLC #5037-5040 | NEVADA – FUNDED

First Trust Deed collateralized by nearly 6.2 acres of residentially zoned land near the corner of Cadence Crest Ave and Sunset Rd in Henderson, NV (roughly 15 miles southeast of downtown Las Vegas). The land is currently zoned PC (Planned Community) which will only allow a few homes to be built on the site. The borrower is currently working with the city to approve a 74-lot community. This tentative map approval for the 74 lot community will happen before the funding of this loan. This is the second community in this area the borrower has done with the exact same floor plans. In about nine months, the borrower will begin the development work on the land which is expected to cost nearly $4,500,000. The first home will not be made available for approximately one year. With plans ranging from 1121 -1711 square feet and price points of under $250,000, these townhomes will help fill the demand for the entry level buyer. Master Loan Amount: $1,800,000 Tranche Loan Amount: Between $267,600 and $802,700 Yield: 10.00% (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: 9

By |March 12th, 2021|Funded Investments|0 Comments
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Harmony Homes Nevada, LLC #4979-5035 | NEVADA – FUNDED

First Trust Deed collateralized by 57 finished lots near the corner of Boulder Hwy and Lake Mead Pkwy in Henderson, NV (approximately 16 miles southeast of downtown Las Vegas, NV). The borrower purchased the property from the masterplan developer after the site plan had been approved in December of 2019. The site plan allows for 142 townhome lots in four, six, and eight-plex configurations to be built of which this loan encumbers a total of 57. The development work began in the spring of 2020 and was completed for a cost of $5,800,000. With an average sales price of $250,000 per unit, the borrower will be one of the lowest priced builders in the area. Home sales should start in the community at the end of 2021. Loan Amount: $2,679,000 Yield: 10% Interest is paid monthly in arrears with payments due on the 1st of each month with a 10-day grace period. Term: 9 months with one optional 9-month extension period at maturity.

By |March 9th, 2021|Funded Investments|0 Comments
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Harmony Horizon Ridge, LLC #4949 – 4976 | NEVADA – FUNDED

First Trust Deed collateralized by 28 mostly 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 all three phases of the project. 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: $1,736,000 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: Nine months with one optional nine-month extension period at maturity.

By |March 1st, 2021|Funded Investments|0 Comments
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Sparks Golden Holdings, LLC #4946 | NEVADA – FUNDED

First Trust Deed collateralized by a nearly 15-acre parcel of land approximately 13 miles north east of downtown Reno, NV. The borrower is acquiring these nearly 15 acres from the seller who has tentative approval for a master plan consisting of over 40 contiguous acres of land. Within the masterplan, only the 15 acres the borrower is acquiring will be constructed into apartment units. The remaining acreage will be used for commercial space and condo units. Over the next six months the borrower will continue to work with the city to finalize the predevelopment of the project with the anticipation of June being able to finalize the predevelopment work and obtain building permits for the project. As soon as a building permit is ready to be issued, the borrower anticipates obtaining construction financing to pay off this acquisition loan. Loan Amount: $8,000,000 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: 9 months with an optional six-month extension period at maturity.

By |January 20th, 2021|Funded Investments|0 Comments
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Ten15 Craig Tenaya, LLC #4945 | NEVADA – FUNDED

The collateral for this loan is 0.95 acres of land located near the corner of Craig Road and US-95 which is about 9 miles northwest of downtown Las Vegas, NV. Since acquiring the property in March of 2016, the borrower has worked with the city to allow for the construction of a 4,039 square foot drive thru outparcel. The property is 100% preleased to Bonanno’s New York Pizzeria and Plant Power Fast Food. This will be Bonanno’s fifth location in Las Vegas and Plant Power’s eighth location but the first in Las Vegas. Construction will begin immediately following the funding of this loan and is expected to be completed in eight months. Loan Amount: $1,325,000 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 two optional nine-month extensions at maturity.

By |January 15th, 2021|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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