The collateral for this loan is 1.07 acres of land in Las Vegas, NV (approximately nine miles southeast of downtown Las Vegas, NV). Since acquiring the site in January of 2019, the borrower has successfully zoned the property for Office and Professional. Additionally, they received an overlay of AE-60 which will allow for the development, and ultimately construction of, medical office condos. Once the 14,000 square foot building is constructed, it will be able to be sold as 14 individual medical office condos. Two of the members of the LLC are purchasing two of the condos when they are complete. Now that the grading permit is almost ready to be pulled, this construction loan will enable the borrower to move forward with the construction of the property. Loan Amount: $2,240,000 Yield: 10.50% (Principal Balance ≥ $100,000); 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: Nine months with an optional nine-month extension at maturity.
Ignite Funding was featured in the August Las Vegas issue of the BBB Connection. To learn more about company President, Carrie Cook and how Ignite Funding is helping investors build their financial futures, download a free copy here.
June 2nd marked the third year in a row that Ignite Funding visited and educated investors in the Bay Area of California. Dawn Pitts, Business Development Executive at Ignite Funding has been the presenter at these seminars since its inception. “I have enjoyed educating investors throughout the Southwest United States the last three years and I hope to continue our free education program for years to come,” stated Pitts. Ignite Funding holds over six seminars a year in which all types of investors come to learn about real estate investing, specifically Trust Deeds. Pitts explained that, “Most investors understand the basics of investing in real estate, but when it comes to Trust Deed investing they need a better understanding of the process. That’s where I come in! The reason why we don’t charge some enormous fee like those “real estate gurus” you hear about on TV is simple: investors deserve to learn about these types of investments for free so that their current portfolios stay diversified and mitigate their overall risk. “ By continuing to offer free educational seminars, Ignite Funding hopes to assist investors by offering them double-digit returns through Trust Deed real estate investments. To learn more about
Ignite Funding attended the Las Vegas MoneyShow last week and had the opportunity to educate attendees about Trust Deed investments. “This is our fourth year at the MoneyShow”, said Howard Robbins, Business Development Executive at Ignite Funding. “Coming from a background in the financial services world, I am well versed in the needs of diversifying a client’s portfolio while searching for investments such as Trust Deeds that mitigate their portfolio’s risk levels”, added Robbins. This year’s MoneyShow had another great turnout with over 80 exhibitors and 500 attendees. Robbins stated that, “The exhibit hall had a good flow of traffic the entire event and it was nice seeing such a diverse group of exhibitors”. The Las Vegas MoneyShow continues to grow its alternative investment section with real estate investments, precious metal dealers, private cannabis companies, as well as energy and oil investments. Robbins believes that investors need the opportunity to learn about different investments outside of the stock market and that the information he presented to them about Trust Deed investing is something they should consider when deciding on new investments to add to their current portfolios. To learn more about Ignite Funding and the investments we offer, visit our
First Trust Deed collateralized by two fully developed residential lots located on the Northeast corner of West Centennial Parkway and North Commerce Street in North Las Vegas. These two lots are within a larger 134 lot community, of which almost 100 have been sold to end users. The two lots have permits submitted to build a duplex, one unit on each lot. Each unit will be two stories and have a two car garage. The unit on the APN ending in -057 will be 2,296 square feet and the unit on the APN ending in -058 will be 2,314 square feet. Each will be three bedrooms with two baths. Loan Amount: $437,000 Yield: 10.25% (Principal Balance ≥ $100,000); 10% (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 an optional 6 month extension at maturity.